BARK, Inc. (NYSE:BARK) Given Consensus Recommendation of “Hold” by Brokerages

BARK, Inc. (NYSE:BARK) has been assigned an average rating of “Hold” from the five ratings firms that are covering the stock, Marketbeat Ratings reports. One analyst has rated the stock with a sell recommendation, two have assigned a hold recommendation and two have issued a buy recommendation on the company. The average 1-year price objective among brokerages that have issued ratings on the stock in the last year is $15.3333.

Several equities research analysts recently issued reports on the company. Wall Street Zen upgraded BARK from a “sell” rating to a “hold” rating in a report on Sunday, July 12th. Lake Street Capital set a $12.00 target price on BARK and gave the stock a “buy” rating in a research note on Wednesday, June 10th. Weiss Ratings restated a “sell (e+)” rating on shares of BARK in a research report on Monday. Finally, Jefferies Financial Group restated a “buy” rating and set a $19.00 price target on shares of BARK in a research report on Thursday, June 11th.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently made changes to their positions in the company. Shay Capital LLC lifted its position in BARK by 133.6% during the third quarter. Shay Capital LLC now owns 4,432,121 shares of the company’s stock valued at $3,682,000 after buying an additional 2,534,722 shares during the period. Prescott Group Capital Management L.L.C. boosted its position in shares of BARK by 108.1% during the fourth quarter. Prescott Group Capital Management L.L.C. now owns 4,109,133 shares of the company’s stock valued at $2,476,000 after buying an additional 2,134,915 shares during the last quarter. Arrowstreet Capital Limited Partnership grew its stake in shares of BARK by 17.4% in the third quarter. Arrowstreet Capital Limited Partnership now owns 1,986,331 shares of the company’s stock worth $1,650,000 after acquiring an additional 293,828 shares during the period. Nano Cap New Millennium Growth Fund L P purchased a new stake in BARK during the fourth quarter valued at $1,088,000. Finally, Goldman Sachs Group Inc. increased its position in shares of BARK by 78.0% during the 4th quarter. Goldman Sachs Group Inc. now owns 667,881 shares of the company’s stock valued at $402,000 after purchasing an additional 292,621 shares during the last quarter. Hedge funds and other institutional investors own 28.76% of the company’s stock.

BARK Trading Down 0.6%

Shares of BARK opened at $9.24 on Friday. The stock’s 50-day moving average price is $9.50 and its two-hundred day moving average price is $11.72. BARK has a 12 month low of $8.15 and a 12 month high of $20.79. The company has a market capitalization of $83.42 million, a PE ratio of -2.07 and a beta of 1.95.

BARK (NYSE:BARK) last posted its quarterly earnings data on Thursday, August 6th. The company reported $0.08 EPS for the quarter, topping analysts’ consensus estimates of ($0.40) by $0.48. BARK had a negative return on equity of 42.27% and a negative net margin of 9.88%.The company had revenue of $78.81 million for the quarter, compared to analyst estimates of $77.50 million. Equities research analysts predict that BARK will post -1.2 EPS for the current fiscal year.

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.