BARK (NYSE:BARK) Trading Down 5.3% – Time to Sell?

BARK, Inc. (NYSE:BARK)’s share price traded down 5.3% during mid-day trading on Monday . The stock traded as low as $0.6740 and last traded at $0.6770. 621,951 shares traded hands during mid-day trading, a decline of 26% from the average session volume of 837,665 shares. The stock had previously closed at $0.7149.

Analyst Ratings Changes

A number of equities research analysts have recently commented on BARK shares. Wall Street Zen cut shares of BARK from a “hold” rating to a “sell” rating in a report on Monday, October 27th. Weiss Ratings reiterated a “sell (d-)” rating on shares of BARK in a research note on Wednesday, October 8th. Two research analysts have rated the stock with a Buy rating, one has given a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Hold” and an average target price of $2.63.

BARK Stock Up 4.5%

The company has a market cap of $119.26 million, a PE ratio of -3.48 and a beta of 1.89. The company’s fifty day moving average is $0.79 and its 200-day moving average is $0.89.

BARK (NYSE:BARK) last released its quarterly earnings results on Monday, November 10th. The company reported ($0.03) earnings per share for the quarter, missing the consensus estimate of ($0.01) by ($0.02). The firm had revenue of $106.97 million for the quarter, compared to the consensus estimate of $103.57 million. BARK had a negative net margin of 7.81% and a negative return on equity of 23.45%. Equities research analysts expect that BARK, Inc. will post -0.09 EPS for the current fiscal year.

Hedge Funds Weigh In On BARK

Several institutional investors have recently made changes to their positions in BARK. Shay Capital LLC boosted its position in shares of BARK by 133.6% in the third quarter. Shay Capital LLC now owns 4,432,121 shares of the company’s stock worth $3,682,000 after purchasing an additional 2,534,722 shares during the period. Prescott Group Capital Management L.L.C. grew its position 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 worth $1,736,000 after purchasing an additional 1,816,345 shares in the last quarter. GSA Capital Partners LLP grew its position in shares of BARK by 128.0% during the third quarter. GSA Capital Partners LLP now owns 1,049,948 shares of the company’s stock worth $872,000 after purchasing an additional 589,390 shares in the last quarter. Nuveen LLC bought a new stake in BARK during the 1st quarter valued at approximately $589,000. Finally, Arrowstreet Capital Limited Partnership boosted its stake in BARK by 17.4% in the 3rd quarter. Arrowstreet Capital Limited Partnership now owns 1,986,331 shares of the company’s stock worth $1,650,000 after purchasing an additional 293,828 shares during the period. 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.