ARS Investment Partners LLC Buys 12,000 Shares of BARK, Inc. (NYSE:BARK)

ARS Investment Partners LLC boosted its stake in shares of BARK, Inc. (NYSE:BARK) by 5.0% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 250,452 shares of the company’s stock after acquiring an additional 12,000 shares during the quarter. ARS Investment Partners LLC owned approximately 0.14% of BARK worth $461,000 as of its most recent SEC filing.

A number of other hedge funds have also recently added to or reduced their stakes in BARK. Roubaix Capital LLC bought a new stake in BARK during the 3rd quarter worth about $894,000. Renaissance Technologies LLC boosted its stake in shares of BARK by 68.3% in the 2nd quarter. Renaissance Technologies LLC now owns 729,917 shares of the company’s stock valued at $1,321,000 after purchasing an additional 296,199 shares during the last quarter. JPMorgan Chase & Co. boosted its stake in shares of BARK by 330.9% in the 3rd quarter. JPMorgan Chase & Co. now owns 256,422 shares of the company’s stock valued at $418,000 after purchasing an additional 196,920 shares during the last quarter. Geode Capital Management LLC boosted its stake in shares of BARK by 7.0% in the 3rd quarter. Geode Capital Management LLC now owns 2,831,583 shares of the company’s stock valued at $4,616,000 after purchasing an additional 186,427 shares during the last quarter. Finally, State Street Corp boosted its stake in shares of BARK by 7.1% in the 3rd quarter. State Street Corp now owns 2,398,571 shares of the company’s stock valued at $3,910,000 after purchasing an additional 158,347 shares during the last quarter. Institutional investors own 28.76% of the company’s stock.

BARK Stock Up 1.8 %

Shares of NYSE:BARK opened at $2.00 on Tuesday. The company has a current ratio of 2.42, a quick ratio of 1.49 and a debt-to-equity ratio of 0.32. The firm’s 50 day simple moving average is $1.98 and its 200 day simple moving average is $1.73. BARK, Inc. has a fifty-two week low of $0.86 and a fifty-two week high of $2.56.

Insiders Place Their Bets

In related news, Chairman Matt Meeker bought 34,000 shares of the company’s stock in a transaction on Monday, November 11th. The shares were purchased at an average cost of $1.52 per share, for a total transaction of $51,680.00. Following the acquisition, the chairman now owns 10,734,460 shares of the company’s stock, valued at approximately $16,316,379.20. This represents a 0.32 % increase in their position. The purchase was disclosed in a filing with the SEC, which can be accessed through this link. Corporate insiders own 14.80% of the company’s stock.

Analyst Ratings Changes

Several research analysts have recently issued reports on BARK shares. Citigroup raised their target price on shares of BARK from $2.00 to $2.50 and gave the company a “buy” rating in a research note on Friday, January 3rd. Canaccord Genuity Group increased their price target on shares of BARK from $2.00 to $2.50 and gave the company a “hold” rating in a research report on Monday, December 2nd.

BARK Profile

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.