BARK (NYSE:BARK) Reaches New 12-Month Low – Here’s Why

BARK, Inc. (NYSE:BARK)’s stock price reached a new 52-week low during mid-day trading on Wednesday . The stock traded as low as $0.4974 and last traded at $10.80, with a volume of 1764560 shares trading hands. The stock had previously closed at $10.1320.

Wall Street Analyst Weigh In

Several research analysts have recently commented on BARK shares. Zacks Research upgraded BARK to a “hold” rating in a research note on Tuesday, January 20th. Lake Street Capital set a $30.00 price target on BARK in a report on Friday, February 6th. Canaccord Genuity Group reduced their price objective on shares of BARK from $30.00 to $15.00 and set a “hold” rating for the company in a research report on Thursday. Finally, Wall Street Zen raised shares of BARK from a “sell” rating to a “hold” rating in a research report on Saturday, February 21st. One investment analyst has rated the stock with a Buy rating, two have issued a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Hold” and an average target price of $35.00.

BARK Stock Down 5.7%

The business has a fifty day moving average price of $15.26 and a 200-day moving average price of $15.17. The company has a market cap of $85.36 million, a P/E ratio of -2.74 and a beta of 2.07.

Institutional Trading of BARK

Institutional investors have recently added to or reduced their stakes in the company. Cerity Partners LLC increased its position in BARK by 58.1% during the 2nd quarter. Cerity Partners LLC now owns 55,405 shares of the company’s stock worth $49,000 after buying an additional 20,359 shares during the period. Brevan Howard Capital Management LP bought a new stake in shares of BARK in the second quarter valued at about $32,000. BNP Paribas Financial Markets boosted its position in shares of BARK by 323.4% in the third quarter. BNP Paribas Financial Markets now owns 50,438 shares of the company’s stock valued at $42,000 after acquiring an additional 38,526 shares during the period. Wells Fargo & Company MN grew its stake in shares of BARK by 74.9% in the fourth quarter. Wells Fargo & Company MN now owns 106,808 shares of the company’s stock valued at $64,000 after acquiring an additional 45,737 shares in the last quarter. Finally, Renaissance Technologies LLC grew its stake in shares of BARK by 92.2% in the fourth quarter. Renaissance Technologies LLC now owns 96,500 shares of the company’s stock valued at $58,000 after acquiring an additional 46,300 shares in the last quarter. 28.76% of the stock is currently owned by institutional investors.

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.