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

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

A number of other research firms have also weighed in on BARK. Canaccord Genuity Group lowered their price target on shares of BARK from $30.00 to $15.00 and set a “hold” rating on the stock in a research report on Thursday, April 2nd. Weiss Ratings lowered shares of BARK from a “sell (d-)” rating to a “sell (e+)” rating in a research report on Wednesday, May 6th. Finally, Lake Street Capital set a $30.00 price target on shares of BARK in a research report on Friday, February 6th. Two research analysts have rated the stock with a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Reduce” and a consensus target price of $22.50.

BARK Trading Down 4.7%

BARK opened at $9.16 on Friday. The firm has a market capitalization of $79.10 million, a PE ratio of -2.54 and a beta of 1.93. BARK has a twelve month low of $8.15 and a twelve month high of $22.60. The firm’s 50-day moving average price is $9.45 and its 200 day moving average price is $12.95.

Hedge Funds Weigh In On BARK

Several large investors have recently made changes to their positions in the stock. Bank of America Corp DE lifted its holdings in shares of BARK by 18.7% in the 1st quarter. Bank of America Corp DE now owns 135,548 shares of the company’s stock worth $69,000 after acquiring an additional 21,325 shares during the last quarter. Renaissance Technologies LLC grew its position in BARK by 98.7% in the 1st quarter. Renaissance Technologies LLC now owns 191,700 shares of the company’s stock valued at $97,000 after acquiring an additional 95,200 shares in the last quarter. XTX Topco Ltd acquired a new position in BARK in the 4th quarter valued at about $38,000. Wells Fargo & Company MN grew its position in BARK by 74.9% in the 4th 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, Goldman Sachs Group Inc. grew its position in BARK by 78.0% in the 4th quarter. Goldman Sachs Group Inc. now owns 667,881 shares of the company’s stock valued at $402,000 after acquiring an additional 292,621 shares in the last quarter. 28.76% of the stock is currently owned by institutional investors and hedge funds.

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.