BARK (NYSE:BARK) Issues Quarterly Earnings Results

BARK (NYSE:BARK) announced its quarterly earnings data on Wednesday. The company reported ($0.04) EPS for the quarter, missing analysts’ consensus estimates of ($0.02) by ($0.02), Zacks reports. BARK had a negative return on equity of 17.69% and a negative net margin of 6.20%.

BARK Price Performance

NYSE:BARK traded up $0.06 during trading hours on Wednesday, reaching $1.96. The company had a trading volume of 914,560 shares, compared to its average volume of 1,104,922. The firm has a market capitalization of $340.07 million, a PE ratio of -10.86 and a beta of 1.94. The stock has a 50-day moving average of $2.03 and a two-hundred day moving average of $1.74. BARK has a one year low of $0.87 and a one year high of $2.56. The company has a quick ratio of 1.49, a current ratio of 2.42 and a debt-to-equity ratio of 0.32.

Wall Street Analyst Weigh In

A number of research firms have weighed in on BARK. Canaccord Genuity Group lifted their price target on shares of BARK from $2.00 to $2.50 and gave the stock a “hold” rating in a research note on Monday, December 2nd. Citigroup raised their price objective on shares of BARK from $2.00 to $2.50 and gave the stock a “buy” rating in a report on Friday, January 3rd.

Insider Activity

In other BARK news, Chairman Matt Meeker bought 34,000 shares of the firm’s stock in a transaction dated Monday, November 11th. The shares were bought at an average price of $1.52 per share, for a total transaction of $51,680.00. Following the completion of the acquisition, the chairman now owns 10,734,460 shares of the company’s stock, valued at approximately $16,316,379.20. This trade represents a 0.32 % increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is available through this hyperlink. 14.80% of the stock is owned by corporate insiders.

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.