BARK (NYSE:BARK) Shares Scheduled to Reverse Split on Wednesday, April 1st

BARK, Inc. (NYSE:BARK) shares are going to reverse split on the morning of Wednesday, April 1st. The 1-20 reverse split was recently announced. The number of shares owned by shareholders will be adjusted after the closing bell on Tuesday, March 31st.

BARK Price Performance

Shares of NYSE BARK opened at $0.54 on Friday. The company has a market cap of $94.02 million, a price-to-earnings ratio of -3.02 and a beta of 1.91. The stock’s 50-day moving average is $0.80 and its two-hundred day moving average is $0.77. BARK has a 1-year low of $0.53 and a 1-year high of $1.48.

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

Analyst Ratings Changes

A number of equities research analysts have commented on BARK shares. Lake Street Capital set a $1.50 price objective on shares of BARK in a research report on Friday, February 6th. Wall Street Zen raised shares of BARK from a “sell” rating to a “hold” rating in a research report on Saturday, February 21st. Zacks Research raised BARK to a “hold” rating in a report on Tuesday, January 20th. Finally, Canaccord Genuity Group set a $1.50 price target on BARK in a research note 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’s stock. Based on data from MarketBeat, BARK currently has an average rating of “Hold” and an average target price of $2.00.

Institutional Investors Weigh In On BARK

Several hedge funds and other institutional investors have recently bought and sold shares of BARK. Brevan Howard Capital Management LP purchased a new stake in BARK in the second quarter valued at $32,000. XTX Topco Ltd purchased a new position in shares of BARK during the fourth quarter worth about $38,000. SG Americas Securities LLC acquired a new stake in shares of BARK during the third quarter worth about $41,000. BNP Paribas Financial Markets increased its position in shares of BARK by 323.4% during the third quarter. BNP Paribas Financial Markets now owns 50,438 shares of the company’s stock worth $42,000 after purchasing an additional 38,526 shares in the last quarter. Finally, Cerity Partners LLC lifted its holdings in shares of BARK by 58.1% in the 2nd 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 during 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.