BARK (NYSE:BARK) Issues Quarterly Earnings Results, Beats Expectations By $0.42 EPS

BARK (NYSE:BARK) posted its quarterly earnings results on Tuesday. The company reported $0.07 earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.35) by $0.42, FiscalAI reports. The firm had revenue of $86.57 million for the quarter, compared to analysts’ expectations of $96.30 million. BARK had a negative net margin of 7.65% and a negative return on equity of 25.73%.

BARK Stock Up 4.3%

Shares of NYSE:BARK traded up $0.41 on Tuesday, reaching $9.97. 233,635 shares of the company’s stock were exchanged, compared to its average volume of 77,005. The firm has a market capitalization of $86.13 million, a price-to-earnings ratio of -2.77 and a beta of 1.93. BARK has a fifty-two week low of $8.15 and a fifty-two week high of $22.60. The business’s 50-day moving average is $9.41 and its two-hundred day moving average is $12.91.

Institutional Trading of BARK

A number of large investors have recently modified their holdings of the company. Shay Capital LLC increased its holdings in shares of BARK by 133.6% in the 3rd quarter. Shay Capital LLC now owns 4,432,121 shares of the company’s stock worth $3,682,000 after acquiring an additional 2,534,722 shares during the period. Arrowstreet Capital Limited Partnership increased its holdings in shares of BARK by 17.4% in the 3rd quarter. Arrowstreet Capital Limited Partnership now owns 1,986,331 shares of the company’s stock worth $1,650,000 after acquiring an additional 293,828 shares during the period. Goldman Sachs Group Inc. increased its holdings in shares of BARK by 78.0% in the 4th quarter. Goldman Sachs Group Inc. now owns 667,881 shares of the company’s stock worth $402,000 after acquiring an additional 292,621 shares during the period. Murchinson Ltd. increased its holdings in shares of BARK by 150.7% in the 2nd quarter. Murchinson Ltd. now owns 410,043 shares of the company’s stock worth $361,000 after acquiring an additional 246,500 shares during the period. Finally, State of Wyoming increased its holdings in shares of BARK by 40.2% in the 2nd quarter. State of Wyoming now owns 177,988 shares of the company’s stock worth $157,000 after acquiring an additional 51,029 shares during the period. Institutional investors and hedge funds own 28.76% of the company’s stock.

Analyst Ratings Changes

A number of brokerages have weighed in on BARK. Wall Street Zen raised shares of BARK from a “sell” rating to a “hold” rating in a report on Saturday. Weiss Ratings cut shares of BARK from a “sell (d-)” rating to a “sell (e+)” rating in a report on Wednesday, May 6th. Finally, Canaccord Genuity Group dropped their target price on shares of BARK from $30.00 to $15.00 and set a “hold” rating on the stock in a report on Thursday, April 2nd. Two research analysts have rated the stock with a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Reduce” and an average price target of $22.50.

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.