Renaissance Technologies LLC Purchases 95,200 Shares of BARK, Inc. $BARK

Renaissance Technologies LLC grew its position in shares of BARK, Inc. (NYSE:BARK) by 98.7% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 191,700 shares of the company’s stock after purchasing an additional 95,200 shares during the period. Renaissance Technologies LLC owned about 2.22% of BARK worth $97,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Shay Capital LLC increased its position in shares of BARK by 133.6% during the 3rd quarter. Shay Capital LLC now owns 4,432,121 shares of the company’s stock valued at $3,682,000 after purchasing an additional 2,534,722 shares during the last quarter. Prescott Group Capital Management L.L.C. boosted its stake in BARK by 108.1% in the fourth quarter. Prescott Group Capital Management L.L.C. now owns 4,109,133 shares of the company’s stock worth $2,476,000 after buying an additional 2,134,915 shares in the last quarter. Nano Cap New Millennium Growth Fund L P purchased a new stake in BARK in the fourth quarter worth approximately $1,088,000. Arrowstreet Capital Limited Partnership grew its position in BARK by 17.4% during the third quarter. Arrowstreet Capital Limited Partnership now owns 1,986,331 shares of the company’s stock valued at $1,650,000 after acquiring an additional 293,828 shares during the last quarter. Finally, Goldman Sachs Group Inc. grew its position in BARK by 78.0% during the fourth 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 during the last quarter. 28.76% of the stock is currently owned by hedge funds and other institutional investors.

BARK Price Performance

Shares of BARK stock opened at $9.98 on Friday. The business has a 50-day moving average of $9.66 and a 200 day moving average of $11.19. BARK, Inc. has a 1-year low of $8.15 and a 1-year high of $20.79. The stock has a market capitalization of $90.12 million, a PE ratio of -2.79 and a beta of 1.95.

BARK (NYSE:BARK) last announced its quarterly earnings results on Thursday, August 6th. The company reported $0.08 EPS for the quarter, topping analysts’ consensus estimates of ($0.40) by $0.48. BARK had a negative return on equity of 35.66% and a negative net margin of 8.42%.The business had revenue of $78.81 million for the quarter, compared to analysts’ expectations of $77.50 million. Analysts anticipate that BARK, Inc. will post -1.2 EPS for the current year.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently weighed in on BARK shares. Weiss Ratings restated a “sell (e+)” rating on shares of BARK in a report on Monday, August 3rd. Jefferies Financial Group reaffirmed a “buy” rating and issued a $19.00 price objective on shares of BARK in a research note on Thursday, June 11th. Wall Street Zen raised shares of BARK from a “sell” rating to a “hold” rating in a report on Sunday, July 12th. Finally, Lake Street Capital set a $12.00 target price on shares of BARK and gave the stock a “buy” rating in a research report on Wednesday, June 10th. Two equities research analysts have rated the stock with a Buy rating, two have given a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target of $15.33.

About BARK

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.