BARK, Inc. (NYSE:BARK) Stock Has Consensus Price Target of $15.33 According to Analysts

Shares of BARK, Inc. (NYSE:BARK) have been assigned a consensus recommendation of “Hold” from the five ratings firms that are currently covering the firm, MarketBeat reports. One analyst has rated the stock with a sell recommendation, two have given a hold recommendation and two have given a buy recommendation to the company. The average twelve-month price target among brokerages that have updated their coverage on the stock in the last year is $15.33.

BARK has been the subject of a number of research reports. Weiss Ratings raised shares of BARK from a “sell (e+)” rating to a “sell (d-)” rating in a research note on Tuesday, October 6th. Wall Street Zen raised shares of BARK from a “sell” rating to a “hold” rating in a report on Sunday, July 12th.

Institutional Inflows and Outflows

A hedge fund recently raised its stake in BARK stock. Bank of America Corp DE raised its position in shares of BARK, Inc. (NYSE:BARK) by 18.7% during the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 135,548 shares of the company’s stock after purchasing an additional 21,325 shares during the period. Bank of America Corp DE owned approximately 1.57% of BARK worth $69,000 at the end of the most recent reporting period. 28.76% of the stock is owned by institutional investors.

BARK Trading Down 0.2%

Shares of NYSE BARK opened at $8.03 on Wednesday. BARK has a 12 month low of $7.98 and a 12 month high of $20.79. The firm has a market capitalization of $72.48 million, a price-to-earnings ratio of -2.24 and a beta of 1.98. The business has a 50-day moving average of $9.47 and a 200-day moving average of $9.47.

BARK (NYSE:BARK) last announced its earnings results on Thursday, August 6th. The company reported $0.08 earnings per share for the quarter, beating analysts’ consensus estimates of ($0.40) by $0.48. BARK had a negative net margin of 8.42% and a negative return on equity of 35.66%. The business had revenue of $78.81 million for the quarter, compared to the consensus estimate of $77.50 million.

BARK Company Profile

BARK, Inc is a pet products company focused on dogs and their owners. The company develops and sells toys, treats, food and other products designed around dogs’ health, wellness and enjoyment.

BARK offers its products through multiple brands and channels, including BARKBox, a subscription service that delivers curated toys and treats; Super Chewer, which features more durable toys and treats; and BARK Bright, an oral-care product line. The company also sells products through its website, retail partners and other distribution channels.

Founded in 2011, BARK initially built its business around subscription-based dog products before expanding into a broader omnichannel pet-products platform.