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

BARK, Inc. (NYSE:BARK)’s stock is going to reverse split on Wednesday, April 1st. The 1-20 reverse split was recently announced. The number of shares owned by shareholders will be adjusted after the market closes on Tuesday, March 31st.

BARK Trading Down 1.5%

Shares of NYSE BARK opened at $0.54 on Friday. The stock has a fifty day simple moving average of $0.80 and a two-hundred day simple moving average of $0.77. BARK has a 1-year low of $0.53 and a 1-year high of $1.48. The firm has a market cap of $94.02 million, a price-to-earnings ratio of -3.02 and a beta of 1.91.

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

Analysts Set New Price Targets

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

Hedge Funds Weigh In On BARK

Hedge funds have recently made changes to their positions in the stock. Brevan Howard Capital Management LP bought a new stake in shares of BARK during the 2nd quarter valued at $32,000. XTX Topco Ltd bought a new position in BARK in the 4th quarter worth about $38,000. SG Americas Securities LLC purchased a new position in BARK during the 3rd quarter valued at about $41,000. BNP Paribas Financial Markets grew its holdings in BARK by 323.4% during the 3rd quarter. BNP Paribas Financial Markets now owns 50,438 shares of the company’s stock valued at $42,000 after buying an additional 38,526 shares in the last quarter. Finally, Cerity Partners LLC increased its position in shares of BARK by 58.1% during the second quarter. Cerity Partners LLC now owns 55,405 shares of the company’s stock valued at $49,000 after buying an additional 20,359 shares during the period. 28.76% of the stock is currently owned by hedge funds and other institutional investors.

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.