BARK (NYSE:BARK) Upgraded to Hold at Wall Street Zen

BARK (NYSE:BARK) was upgraded by Wall Street Zen from a “sell” rating to a “hold” rating in a note issued to investors on Saturday.

A number of other equities research analysts also recently issued reports on BARK. Zacks Research upgraded BARK to a “hold” rating in a research report on Tuesday, January 20th. Canaccord Genuity Group set a $1.50 target price on BARK in a research report on Friday, February 6th. Finally, Lake Street Capital set a $1.50 price target on BARK in a report on Friday, February 6th. One investment analyst has rated the stock with a Buy rating, two have given a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, BARK presently has an average rating of “Hold” and an average target price of $2.00.

BARK Stock Up 7.1%

BARK stock opened at $0.81 on Friday. BARK has a 52-week low of $0.53 and a 52-week high of $1.89. The firm’s fifty day moving average is $0.75 and its 200 day moving average is $0.79. The company has a market cap of $139.47 million, a price-to-earnings ratio of -4.48 and a beta of 1.90.

BARK (NYSE:BARK) last issued its quarterly earnings data on Thursday, February 5th. The company reported ($0.03) EPS for the quarter, topping analysts’ consensus estimates of ($0.04) by $0.01. The business had revenue of $98.45 million during the quarter, compared to analysts’ expectations of $102.63 million. BARK had a negative net margin of 7.65% and a negative return on equity of 25.73%. On average, equities research analysts anticipate that BARK will post -0.09 earnings per share for the current fiscal year.

Insider Buying and Selling

In other BARK news, Director Henrik Werdelin sold 50,000 shares of the stock in a transaction on Wednesday, December 10th. The stock was sold at an average price of $0.65, for a total value of $32,500.00. Following the sale, the director owned 10,890,385 shares in the company, valued at $7,078,750.25. This trade represents a 0.46% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Jim Mcginty sold 60,000 shares of BARK stock in a transaction on Wednesday, December 10th. The stock was sold at an average price of $0.63, for a total value of $37,800.00. Following the sale, the director owned 439,384 shares of the company’s stock, valued at approximately $276,811.92. This trade represents a 12.01% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. 14.80% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the stock. Brevan Howard Capital Management LP purchased a new stake in BARK in the 2nd quarter valued at about $32,000. CWM LLC increased its position in shares of BARK by 100.1% during the second quarter. CWM LLC now owns 42,221 shares of the company’s stock worth $37,000 after acquiring an additional 21,118 shares during the period. XTX Topco Ltd bought a new stake in shares of BARK during the fourth quarter valued at approximately $38,000. SG Americas Securities LLC purchased a new stake in shares of BARK in the third quarter valued at approximately $41,000. Finally, R Squared Ltd boosted its holdings in shares of BARK by 195.5% in the second quarter. R Squared Ltd now owns 47,873 shares of the company’s stock valued at $42,000 after purchasing an additional 31,673 shares during the period. Hedge funds and other institutional investors own 28.76% of the company’s stock.

BARK Company Profile

BARK is a consumer products and services company focused on the canine market, offering a suite of subscription-based and direct‐to‐consumer offerings designed to meet the everyday needs of dogs and their owners. The company’s core business revolves around carefully curated boxes of toys, treats and chews, which are delivered monthly to subscribers through its flagship BarkBox service. Over time, BARK has expanded its reach beyond subscription, tapping into e-commerce and wholesale channels to broaden its customer base.

In addition to BarkBox, the company operates BarkShop, an online storefront that allows customers to purchase toys, grooming supplies and nutrition products on an a la carte basis.