BARK, Inc. (NYSE:BARK) Given Consensus Recommendation of “Hold” by Brokerages

BARK, Inc. (NYSE:BARK) has been assigned a consensus rating of “Hold” from the five brokerages that are currently covering the company, MarketBeat Ratings reports. One equities research 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 twelve-month target price among brokerages that have covered the stock in the last year is $13.50.

BARK has been the topic of a number of research reports. Lake Street Capital set a $12.00 price objective on BARK and gave the stock a “buy” rating in a research report on Wednesday. Jefferies Financial Group reiterated a “buy” rating on shares of BARK in a research report on Thursday. Wall Street Zen upgraded BARK from a “sell” rating to a “hold” rating in a research report on Saturday, June 6th. Canaccord Genuity Group reduced their price target on BARK from $30.00 to $15.00 and set a “hold” rating on the stock in a research report on Thursday, April 2nd. Finally, Weiss Ratings lowered BARK from a “sell (d-)” rating to a “sell (e+)” rating in a research report on Wednesday, May 6th.

Institutional Investors Weigh In On BARK

A number of institutional investors have recently made changes to their positions in the stock. AQR Capital Management LLC boosted its position in shares of BARK by 627.8% during the 1st quarter. AQR Capital Management LLC now owns 154,257 shares of the company’s stock valued at $214,000 after purchasing an additional 133,061 shares in the last quarter. NewEdge Advisors LLC bought a new stake in shares of BARK during the 1st quarter valued at about $65,000. Arrowstreet Capital Limited Partnership boosted its position in shares of BARK by 15.7% during the 2nd quarter. Arrowstreet Capital Limited Partnership now owns 1,692,503 shares of the company’s stock valued at $1,489,000 after purchasing an additional 230,131 shares in the last quarter. Gabelli Funds LLC boosted its position in shares of BARK by 100.0% during the 2nd quarter. Gabelli Funds LLC now owns 100,000 shares of the company’s stock valued at $88,000 after purchasing an additional 50,000 shares in the last quarter. Finally, Cerity Partners LLC boosted its position in shares of BARK by 58.1% during the 2nd quarter. Cerity Partners LLC now owns 55,405 shares of the company’s stock valued at $49,000 after purchasing an additional 20,359 shares in the last quarter. Institutional investors own 28.76% of the company’s stock.

BARK Price Performance

BARK stock traded down $0.32 during midday trading on Thursday, reaching $9.81. 147,237 shares of the stock were exchanged, compared to its average volume of 79,474. The stock has a market capitalization of $84.78 million, a PE ratio of -2.73 and a beta of 1.93. BARK has a 52 week low of $8.15 and a 52 week high of $22.60. The company has a fifty day moving average price of $9.39 and a 200 day moving average price of $12.86.

BARK (NYSE:BARK) last issued its quarterly earnings data on Tuesday, June 9th. The company reported $0.07 earnings per share for the quarter, topping analysts’ consensus estimates of ($0.35) by $0.42. The business had revenue of $86.57 million for the quarter, compared to analyst estimates of $96.30 million. BARK had a negative return on equity of 25.73% and a negative net margin of 7.65%.During the same quarter in the previous year, the company posted $0.01 EPS. As a group, analysts anticipate that BARK will post -3.4 earnings per share for the current fiscal year.

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.