BARK, Inc. (NYSE:BARK) Stock Has Average Target Price of $15.33 According to Brokerages

BARK, Inc. (NYSE:BARK) has been assigned a consensus rating of “Hold” from the five research firms that are covering the firm, Marketbeat Ratings reports. One analyst has rated the stock with a sell rating, two have given a hold rating and two have given a buy rating to the company. The average 12 month price target among brokers that have covered the stock in the last year is $15.33.

Several brokerages have issued reports on BARK. Wall Street Zen raised BARK from a “sell” rating to a “hold” rating in a research report on Sunday, July 12th. Jefferies Financial Group reaffirmed a “buy” rating and issued a $19.00 price target on shares of BARK in a report on Thursday, June 11th. Weiss Ratings cut BARK from a “sell (d-)” rating to a “sell (e+)” rating in a research note on Friday, September 18th. Finally, Lake Street Capital set a $12.00 price target on BARK and gave the stock a “buy” rating in a report on Wednesday, June 10th.

Institutional Trading of BARK

A number of institutional investors have recently bought and sold shares of BARK. Nano Cap New Millennium Growth Fund L P purchased a new stake in BARK during the 4th quarter worth approximately $1,088,000. Renaissance Technologies LLC lifted its stake in shares of BARK by 98.7% during the first quarter. Renaissance Technologies LLC now owns 191,700 shares of the company’s stock worth $97,000 after buying an additional 95,200 shares during the period. Finally, Bank of America Corp DE increased its position in shares of BARK by 18.7% in the 1st quarter. Bank of America Corp DE now owns 135,548 shares of the company’s stock valued at $69,000 after acquiring an additional 21,325 shares during the period. 28.76% of the stock is currently owned by institutional investors and hedge funds.

BARK Trading Up 1.5%

NYSE:BARK opened at $8.22 on Friday. BARK has a twelve month low of $8.01 and a twelve month high of $20.79. The company has a market cap of $74.23 million, a price-to-earnings ratio of -2.30 and a beta of 1.97. The stock has a fifty day simple moving average of $9.68 and a 200-day simple moving average of $10.08.

BARK (NYSE:BARK) last released its quarterly earnings data 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. The company had revenue of $78.81 million during the quarter, compared to analysts’ expectations of $77.50 million. BARK had a negative net margin of 8.42% and a negative return on equity of 35.66%.

About BARK

BARK, Inc is a pet products company focused on dogs and their owners. The company develops and sells toys, treats, food, dental products and other dog-related merchandise through its direct-to-consumer digital channels, subscription services and selected retail partners.

Its brands and services include BarkBox, a subscription program that delivers themed assortments of dog toys and treats; Super Chewer, which offers more durable toys and products; and BARK Bright, a line of dental care products.