Wall Street Zen Downgrades BARK (NYSE:BARK) to Sell

BARK (NYSE:BARK) was downgraded by equities researchers at Wall Street Zen from a “hold” rating to a “sell” rating in a note issued to investors on Saturday.

Separately, Weiss Ratings reissued a “sell (d-)” rating on shares of BARK in a research note on Wednesday, October 8th. Two analysts have rated the stock with a Buy rating, one has given a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of $2.63.

BARK Price Performance

Shares of NYSE BARK opened at $0.77 on Friday. The business’s 50 day moving average is $0.84 and its two-hundred day moving average is $1.01. BARK has a 1-year low of $0.77 and a 1-year high of $2.56. The stock has a market capitalization of $131.49 million, a P/E ratio of -4.55 and a beta of 1.86.

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of BARK. Prescott Group Capital Management L.L.C. grew its stake in shares of BARK by 1,150.5% during the second quarter. Prescott Group Capital Management L.L.C. now owns 1,974,218 shares of the company’s stock valued at $1,736,000 after buying an additional 1,816,345 shares during the last quarter. Nuveen LLC bought a new position in shares of BARK during the first quarter valued at approximately $589,000. Murchinson Ltd. grew its stake in shares of BARK by 150.7% during the second quarter. Murchinson Ltd. now owns 410,043 shares of the company’s stock valued at $361,000 after buying an additional 246,500 shares during the last quarter. Arrowstreet Capital Limited Partnership grew its stake in shares of BARK by 15.7% during the second quarter. Arrowstreet Capital Limited Partnership now owns 1,692,503 shares of the company’s stock valued at $1,489,000 after buying an additional 230,131 shares during the last quarter. Finally, AQR Capital Management LLC grew its stake in shares of BARK by 627.8% during the first quarter. AQR Capital Management LLC now owns 154,257 shares of the company’s stock valued at $214,000 after buying an additional 133,061 shares during the last quarter. Institutional investors own 28.76% of the company’s stock.

About BARK

BARK Inc, a dog-centric company, provides products, services, and content for dogs. It operates in two segments, Direct to Consumer and Commerce. The company serves dogs through monthly subscription services. It is also involved in the design of playstyle-specific toys, satisfying treats, personal meal plans with supplements, and dog-first experiences designed to foster health and happiness of dogs everywhere.