BARK (NYSE:BARK) Raised to “Hold” at Wall Street Zen

BARK (NYSE:BARK) was upgraded by Wall Street Zen from a “sell” rating to a “hold” rating in a research note issued to investors on Saturday.

A number of other brokerages also recently commented on BARK. Canaccord Genuity Group set a $1.50 price objective on shares of BARK in a research note on Friday, February 6th. Zacks Research upgraded BARK to a “hold” rating in a report on Tuesday, January 20th. Finally, Lake Street Capital set a $1.50 price target on BARK in a research report on Friday, February 6th. One research 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. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of $2.00.

BARK Price Performance

NYSE:BARK opened at $0.81 on Friday. BARK has a 1-year low of $0.53 and a 1-year high of $1.89. The company has a 50-day moving average of $0.75 and a 200 day moving average of $0.79. The firm has a market cap of $139.47 million, a PE ratio of -4.48 and a beta of 1.90.

BARK (NYSE:BARK) last posted its earnings results on Thursday, February 5th. The company reported ($0.03) EPS for the quarter, beating analysts’ consensus estimates of ($0.04) by $0.01. BARK had a negative net margin of 7.65% and a negative return on equity of 25.73%. The business had revenue of $98.45 million for the quarter, compared to the consensus estimate of $102.63 million. Sell-side analysts anticipate that BARK will post -0.09 EPS for the current fiscal year.

Insider Buying and Selling at BARK

In other BARK news, Director Henrik Werdelin sold 50,000 shares of BARK stock in a transaction on Wednesday, December 10th. The shares were sold at an average price of $0.65, for a total value of $32,500.00. Following the transaction, the director directly owned 10,890,385 shares of the company’s stock, valued at approximately $7,078,750.25. The trade was a 0.46% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Jim Mcginty sold 60,000 shares of the stock in a transaction on Wednesday, December 10th. The shares were sold at an average price of $0.63, for a total value of $37,800.00. Following the sale, the director owned 439,384 shares of the company’s stock, valued at approximately $276,811.92. This represents a 12.01% decrease in their position. The disclosure for this sale is available in the SEC filing. 14.80% of the stock is currently owned by insiders.

Institutional Trading of BARK

Several large investors have recently bought and sold shares of the stock. Brevan Howard Capital Management LP acquired a new position in BARK during the 2nd quarter valued at approximately $32,000. CWM LLC lifted its stake in shares of BARK by 100.1% during the second quarter. CWM LLC now owns 42,221 shares of the company’s stock worth $37,000 after buying an additional 21,118 shares during the period. NewEdge Advisors LLC purchased a new stake in shares of BARK during the first quarter valued at $65,000. R Squared Ltd increased its position in shares of BARK by 195.5% in the 2nd quarter. R Squared Ltd now owns 47,873 shares of the company’s stock valued at $42,000 after acquiring an additional 31,673 shares during the period. Finally, SG Americas Securities LLC acquired a new position in shares of BARK in the 3rd quarter valued at $41,000. Hedge funds and other 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.