BARK, Inc. $BARK Stock Holdings Increased by Prescott Group Capital Management L.L.C.

Prescott Group Capital Management L.L.C. lifted its stake in BARK, Inc. (NYSE:BARK) by 108.1% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 4,109,133 shares of the company’s stock after purchasing an additional 2,134,915 shares during the quarter. Prescott Group Capital Management L.L.C. owned 2.39% of BARK worth $2,476,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds have also made changes to their positions in BARK. Brevan Howard Capital Management LP purchased a new stake in shares of BARK in the second quarter worth approximately $32,000. SG Americas Securities LLC purchased a new stake in shares of BARK in the third quarter worth approximately $41,000. BNP Paribas Financial Markets lifted its position in shares of BARK by 323.4% in the third quarter. BNP Paribas Financial Markets now owns 50,438 shares of the company’s stock worth $42,000 after purchasing an additional 38,526 shares in the last quarter. Cerity Partners LLC lifted its position in shares of BARK by 58.1% in the second quarter. Cerity Partners LLC now owns 55,405 shares of the company’s stock worth $49,000 after purchasing an additional 20,359 shares in the last quarter. Finally, Byrne Asset Management LLC bought a new position in BARK during the fourth quarter valued at approximately $57,000. 28.76% of the stock is owned by hedge funds and other institutional investors.

BARK Stock Down 2.1%

Shares of BARK stock opened at $9.13 on Thursday. BARK, Inc. has a 12 month low of $8.15 and a 12 month high of $27.60. The business’s 50 day moving average is $10.79 and its two-hundred day moving average is $13.51. The company has a market cap of $78.86 million, a PE ratio of -2.53 and a beta of 1.92.

Wall Street Analysts Forecast Growth

Several equities analysts recently weighed in on the stock. Canaccord Genuity Group cut their price objective on shares of BARK from $30.00 to $15.00 and set a “hold” rating on the stock in a research report on Thursday, April 2nd. Wall Street Zen raised shares of BARK from a “sell” rating to a “hold” rating in a research report on Sunday, May 3rd. Lake Street Capital set a $30.00 price objective on shares of BARK in a research report on Friday, February 6th. Finally, Weiss Ratings lowered shares of BARK from a “sell (d-)” rating to a “sell (e+)” rating in a research report on Wednesday, May 6th. One analyst has rated the stock with a Buy rating, two have issued a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of $35.00.

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.