BARK Stock Set to Reverse Split on Wednesday, April 1st (NYSE:BARK)

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

BARK Price Performance

Shares of NYSE:BARK opened at $0.54 on Friday. The firm’s 50 day simple moving average is $0.80 and its 200 day simple moving average is $0.77. BARK has a fifty-two week low of $0.53 and a fifty-two week high of $1.48. The company has a market capitalization of $94.02 million, a price-to-earnings ratio of -3.02 and a beta of 1.91.

BARK (NYSE:BARK) last released its quarterly earnings data 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 analyst estimates of $102.63 million. BARK had a negative net margin of 7.65% and a negative return on equity of 25.73%. Equities research analysts expect that BARK will post -0.09 earnings per share for the current year.

Analysts Set New Price Targets

A number of equities analysts have recently weighed in on BARK shares. Lake Street Capital set a $1.50 price target on shares of BARK in a research report on Friday, February 6th. Wall Street Zen raised BARK from a “sell” rating to a “hold” rating in a research note on Saturday, February 21st. Canaccord Genuity Group set a $1.50 target price on BARK in a report on Friday, February 6th. Finally, Zacks Research raised BARK to a “hold” rating in a research note on Tuesday, January 20th. One analyst has rated the stock with a Buy rating, two have assigned a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, BARK presently has a consensus rating of “Hold” and an average price target of $2.00.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the stock. NewEdge Advisors LLC acquired a new position in shares of BARK in the first quarter valued at approximately $65,000. Wells Fargo & Company MN increased its position in shares of BARK by 74.9% during the fourth quarter. Wells Fargo & Company MN now owns 106,808 shares of the company’s stock worth $64,000 after acquiring an additional 45,737 shares in the last quarter. Renaissance Technologies LLC raised its holdings in shares of BARK by 92.2% during the fourth quarter. Renaissance Technologies LLC now owns 96,500 shares of the company’s stock worth $58,000 after acquiring an additional 46,300 shares during the period. Cerity Partners LLC lifted its position in 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 acquiring an additional 20,359 shares in the last quarter. Finally, BNP Paribas Financial Markets lifted its position in 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 acquiring an additional 38,526 shares in the last quarter. Institutional investors own 28.76% of the company’s stock.

About BARK

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.