BARK (NYSE:BARK) Shares Up 2.2% – What’s Next?

BARK, Inc. (NYSE:BARK)’s share price rose 2.2% during trading on Monday . The company traded as high as $0.8359 and last traded at $0.8260. Approximately 342,889 shares were traded during trading, a decline of 50% from the average daily volume of 681,486 shares. The stock had previously closed at $0.8084.

Analysts Set New Price Targets

BARK has been the topic of a number of research analyst reports. Zacks Research raised BARK to a “hold” rating in a research note on Tuesday, January 20th. Lake Street Capital set a $1.50 price objective on BARK in a research note on Friday, February 6th. Wall Street Zen upgraded BARK from a “sell” rating to a “hold” rating in a report on Saturday, February 21st. Finally, Canaccord Genuity Group set a $1.50 target price on shares of BARK in a research note on Friday, February 6th. One investment analyst has rated the stock with a Buy rating, two have issued a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of $2.00.

BARK Trading Up 2.2%

The stock’s fifty day simple moving average is $0.81 and its 200 day simple moving average is $0.78. The company has a market cap of $142.76 million, a price-to-earnings ratio of -4.59 and a beta of 1.91.

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

Institutional Trading of BARK

Several large investors have recently added to or reduced their stakes in the stock. Cerity Partners LLC increased its stake in shares of BARK by 58.1% in the 2nd quarter. Cerity Partners LLC now owns 55,405 shares of the company’s stock worth $49,000 after acquiring an additional 20,359 shares during the last quarter. Brevan Howard Capital Management LP purchased a new position in shares of BARK during the 2nd quarter worth $32,000. BNP Paribas Financial Markets boosted its position in shares of BARK by 323.4% during the 3rd quarter. BNP Paribas Financial Markets now owns 50,438 shares of the company’s stock valued at $42,000 after acquiring an additional 38,526 shares during the last quarter. Wells Fargo & Company MN grew its holdings in shares of BARK by 74.9% in the fourth quarter. Wells Fargo & Company MN now owns 106,808 shares of the company’s stock valued at $64,000 after purchasing an additional 45,737 shares during the period. Finally, Renaissance Technologies LLC grew its holdings in shares of BARK by 92.2% in the fourth quarter. Renaissance Technologies LLC now owns 96,500 shares of the company’s stock valued at $58,000 after purchasing an additional 46,300 shares during the period. 28.76% of the stock is currently owned by hedge funds and other institutional investors.

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.