BARK, Inc. (NYSE:BARK) Given Consensus Rating of “Hold” by Analysts

Shares of BARK, Inc. (NYSE:BARK) have earned an average rating of “Hold” from the five research firms that are currently covering the company, Marketbeat reports. One investment analyst has rated the stock with a sell recommendation, two have assigned a hold recommendation and two have assigned a buy recommendation to the company. The average 12 month price objective among brokerages that have updated their coverage on the stock in the last year is $15.3333.

A number of research firms have issued reports on BARK. Weiss Ratings reaffirmed a “sell (e+)” rating on shares of BARK in a report on Monday, August 3rd. Lake Street Capital set a $12.00 target price on shares of BARK and gave the company a “buy” rating in a report on Wednesday, June 10th. Jefferies Financial Group restated a “buy” rating and set a $19.00 price target on shares of BARK in a report on Thursday, June 11th. Finally, Wall Street Zen raised shares of BARK from a “sell” rating to a “hold” rating in a research report on Sunday, July 12th.

Institutional Trading of BARK

A number of hedge funds have recently bought and sold shares of BARK. AQR Capital Management LLC raised its stake in shares of BARK by 627.8% during the 1st quarter. AQR Capital Management LLC now owns 154,257 shares of the company’s stock worth $214,000 after purchasing an additional 133,061 shares during the period. NewEdge Advisors LLC purchased a new stake in BARK during the first quarter worth about $65,000. Arrowstreet Capital Limited Partnership increased its holdings in BARK by 15.7% during the second quarter. Arrowstreet Capital Limited Partnership now owns 1,692,503 shares of the company’s stock worth $1,489,000 after buying an additional 230,131 shares during the last quarter. Gabelli Funds LLC raised its position in BARK by 100.0% in the second quarter. Gabelli Funds LLC now owns 100,000 shares of the company’s stock worth $88,000 after acquiring an additional 50,000 shares during the period. Finally, Cerity Partners LLC boosted its stake in 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 acquiring an additional 20,359 shares during the last quarter. 28.76% of the stock is currently owned by institutional investors.

BARK Stock Up 0.8%

Shares of BARK stock opened at $10.21 on Tuesday. BARK has a 52 week low of $8.15 and a 52 week high of $20.79. The business has a 50 day moving average price of $9.70 and a 200-day moving average price of $11.09. The company has a market cap of $92.18 million, a PE ratio of -2.85 and a beta of 1.95.

BARK (NYSE:BARK) last announced its earnings results on Thursday, August 6th. The company reported $0.08 earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.40) by $0.48. BARK had a negative return on equity of 35.66% and a negative net margin of 8.42%.The company had revenue of $78.81 million for the quarter, compared to analysts’ expectations of $77.50 million. As a group, research analysts anticipate that BARK will post -1.2 EPS for the current year.

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.