Prescott Group Capital Management L.L.C. Purchases 1,816,345 Shares of BARK, Inc. $BARK

Prescott Group Capital Management L.L.C. lifted its position in shares of BARK, Inc. (NYSE:BARK) by 1,150.5% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 1,974,218 shares of the company’s stock after purchasing an additional 1,816,345 shares during the period. Prescott Group Capital Management L.L.C. owned 1.16% of BARK worth $1,736,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in BARK. Nuveen LLC purchased a new stake in BARK in the 1st quarter valued at about $589,000. Murchinson Ltd. bought a new position in shares of BARK in the first quarter valued at approximately $227,000. AQR Capital Management LLC grew its holdings in shares of BARK by 627.8% in the first quarter. AQR Capital Management LLC now owns 154,257 shares of the company’s stock valued at $214,000 after acquiring an additional 133,061 shares in the last quarter. State of Wyoming purchased a new stake in shares of BARK during the first quarter valued at approximately $176,000. Finally, XTX Topco Ltd lifted its holdings in BARK by 71.1% during the first quarter. XTX Topco Ltd now owns 211,693 shares of the company’s stock worth $294,000 after acquiring an additional 87,977 shares during the period. 28.76% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of research analysts have issued reports on BARK shares. Wall Street Zen downgraded BARK from a “hold” rating to a “sell” rating in a research note on Monday, October 27th. Weiss Ratings reissued a “sell (d-)” rating on shares of BARK in a report on Wednesday, October 8th. Two equities research analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $2.63.

BARK Trading Up 1.0%

Shares of NYSE BARK opened at $0.80 on Friday. The stock has a fifty day simple moving average of $0.84 and a two-hundred day simple moving average of $0.94. BARK, Inc. has a 1-year low of $0.73 and a 1-year high of $2.56. The firm has a market cap of $136.07 million, a price-to-earnings ratio of -4.71 and a beta of 1.87.

About BARK

BARK Inc, a dog-centric company, provides products, services, and content for dogs. It operates in two segments, Direct to Consumer and Commerce. The company serves dogs through monthly subscription services. It is also involved in the design of playstyle-specific toys, satisfying treats, personal meal plans with supplements, and dog-first experiences designed to foster health and happiness of dogs everywhere.