BARK (NYSE:BARK) Shares Scheduled to Reverse Split on Wednesday, April 1st

BARK, Inc. (NYSE:BARK) shares are scheduled to reverse split before the market opens on Wednesday, April 1st. The 1-20 reverse split was recently announced. The number of shares owned by shareholders will be adjusted after the closing bell on Tuesday, March 31st.

BARK Stock Down 1.5%

NYSE:BARK opened at $0.54 on Friday. The company has a market capitalization of $94.02 million, a PE ratio of -3.02 and a beta of 1.91. BARK has a 52-week low of $0.53 and a 52-week high of $1.48. The stock’s 50 day moving average price is $0.80 and its 200 day moving average price is $0.77.

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

Analyst Upgrades and Downgrades

Several research firms recently commented on BARK. Wall Street Zen upgraded shares of BARK from a “sell” rating to a “hold” rating in a research report on Saturday, February 21st. Canaccord Genuity Group set a $1.50 price objective on shares of BARK in a research report on Friday, February 6th. Zacks Research upgraded shares of BARK to a “hold” rating in a research note on Tuesday, January 20th. Finally, Lake Street Capital set a $1.50 target price on shares of BARK in a report on Friday, February 6th. One research analyst has rated the stock with a Buy rating, two have given a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, the stock presently has an average rating of “Hold” and an average price target of $2.00.

Institutional Investors Weigh In On BARK

Large investors have recently modified their holdings of the stock. Shay Capital LLC lifted its holdings in shares of BARK by 133.6% during the third quarter. Shay Capital LLC now owns 4,432,121 shares of the company’s stock worth $3,682,000 after purchasing an additional 2,534,722 shares during the period. Prescott Group Capital Management L.L.C. grew its position in BARK by 108.1% in the 4th 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 increased its stake in BARK by 17.4% in the 3rd quarter. Arrowstreet Capital Limited Partnership now owns 1,986,331 shares of the company’s stock valued at $1,650,000 after buying an additional 293,828 shares during the period. Nano Cap New Millennium Growth Fund L P purchased a new position in BARK during the 4th quarter worth $1,088,000. Finally, GSA Capital Partners LLP raised its position in BARK by 128.0% during the 3rd quarter. GSA Capital Partners LLP now owns 1,049,948 shares of the company’s stock worth $872,000 after buying an additional 589,390 shares during the last quarter. Hedge funds and other institutional investors own 28.76% of the company’s stock.

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.