BARK (NYSE:BARK) Price Target Lowered to $15.00 at Canaccord Genuity Group

BARK (NYSE:BARK) had its target price trimmed by Canaccord Genuity Group from $30.00 to $15.00 in a research report report published on Thursday morning,Benzinga reports. The brokerage currently has a hold rating on the stock.

BARK has been the topic of several other research reports. Zacks Research raised BARK to a “hold” rating in a research note on Tuesday, January 20th. Lake Street Capital set a $30.00 price target on BARK in a report on Friday, February 6th. Finally, Wall Street Zen raised BARK from a “sell” rating to a “hold” rating in a research report on Saturday, February 21st. One equities research analyst has rated the stock with a Buy rating, two have assigned a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, BARK currently has a consensus rating of “Hold” and an average price target of $35.00.

BARK Stock Down 5.7%

Shares of NYSE BARK opened at $9.88 on Thursday. BARK has a twelve month low of $9.10 and a twelve month high of $29.60. The stock has a market cap of $85.36 million, a price-to-earnings ratio of -2.74 and a beta of 2.07. The company’s fifty day moving average is $15.26 and its 200-day moving average is $15.17.

Institutional Investors Weigh In On BARK

A number of hedge funds and other institutional investors have recently made changes to their positions in BARK. Brevan Howard Capital Management LP bought a new stake in BARK in the 2nd quarter valued at $32,000. NewEdge Advisors LLC bought a new position in BARK during the 1st quarter worth about $65,000. SG Americas Securities LLC acquired a new stake in shares of BARK in the 3rd quarter valued at about $41,000. BNP Paribas Financial Markets raised its stake in shares of BARK by 323.4% in the 3rd quarter. BNP Paribas Financial Markets now owns 50,438 shares of the company’s stock valued at $42,000 after purchasing an additional 38,526 shares during the period. Finally, Cerity Partners LLC lifted its holdings in shares of BARK by 58.1% in the second quarter. Cerity Partners LLC now owns 55,405 shares of the company’s stock valued at $49,000 after purchasing an additional 20,359 shares in the last quarter. 28.76% of the stock is currently owned by institutional investors and hedge funds.

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.