BARK, Inc. (NYSE:BARK) Given Average Rating of “Hold” by Brokerages

Shares of BARK, Inc. (NYSE:BARK) have been given an average rating of “Hold” by the five analysts that are currently covering the stock, Marketbeat Ratings reports. One analyst has rated the stock with a sell recommendation, two have issued a hold recommendation and two have given a buy recommendation to the company. The average 12-month target price among brokers that have covered the stock in the last year is $15.3333.

Several brokerages recently commented on BARK. Weiss Ratings downgraded shares of BARK from a “sell (d-)” rating to a “sell (e+)” rating in a research report on Wednesday, May 6th. Lake Street Capital set a $12.00 price objective on BARK and gave the stock a “buy” rating in a research note on Wednesday, June 10th. Canaccord Genuity Group lowered their target price on BARK from $30.00 to $15.00 and set a “hold” rating on the stock in a research note on Thursday, April 2nd. Jefferies Financial Group reaffirmed a “buy” rating and set a $19.00 price objective on shares of BARK in a research report on Thursday, June 11th. Finally, Wall Street Zen lowered shares of BARK from a “hold” rating to a “sell” rating in a research note on Saturday, June 27th.

BARK Price Performance

Shares of NYSE:BARK opened at $9.59 on Monday. The stock has a market cap of $84.30 million, a price-to-earnings ratio of -2.15 and a beta of 1.92. BARK has a 12 month low of $8.15 and a 12 month high of $22.60. The stock’s 50 day moving average price is $9.45 and its 200 day moving average price is $12.28.

BARK (NYSE:BARK) last announced its earnings results on Tuesday, June 9th. The company reported $0.07 earnings per share for the quarter, beating the consensus estimate of ($0.35) by $0.42. The business had revenue of $86.57 million during the quarter, compared to analysts’ expectations of $96.30 million. BARK had a negative return on equity of 42.27% and a negative net margin of 9.88%.During the same quarter last year, the business posted $0.01 earnings per share. On average, sell-side analysts expect that BARK will post -1.2 EPS for the current year.

Institutional Trading of BARK

A number of institutional investors have recently bought and sold shares of BARK. Bank of America Corp DE grew its stake in BARK by 18.7% in the first quarter. Bank of America Corp DE now owns 135,548 shares of the company’s stock valued at $69,000 after purchasing an additional 21,325 shares in the last quarter. Renaissance Technologies LLC lifted its position in shares of BARK by 98.7% in the first quarter. Renaissance Technologies LLC now owns 191,700 shares of the company’s stock worth $97,000 after buying an additional 95,200 shares during the last quarter. XTX Topco Ltd acquired a new stake in BARK in the 4th quarter worth approximately $38,000. Wells Fargo & Company MN boosted its holdings in shares of BARK by 74.9% during the 4th quarter. Wells Fargo & Company MN now owns 106,808 shares of the company’s stock worth $64,000 after buying an additional 45,737 shares during the period. Finally, Goldman Sachs Group Inc. grew its stake 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 buying an additional 292,621 shares during the last quarter. Institutional investors and hedge funds 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.