BARK, Inc. (NYSE:BARK) Receives Average Rating of “Hold” from Analysts

Shares of BARK, Inc. (NYSE:BARK) have been assigned an average rating of “Hold” from the five research firms that are covering the stock, MarketBeat.com reports. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and two have given a buy rating to the company. The average 1 year price target among analysts that have issued a report on the stock in the last year is $15.3333.

A number of equities analysts have recently weighed in on BARK shares. Jefferies Financial Group reiterated a “buy” rating and set a $19.00 target price on shares of BARK in a research note on Thursday, June 11th. Wall Street Zen upgraded BARK from a “sell” rating to a “hold” rating in a research note on Sunday, July 12th. Weiss Ratings raised BARK from a “sell (e+)” rating to a “sell (d-)” rating in a report on Wednesday, September 2nd. Finally, Lake Street Capital set a $12.00 price objective on BARK and gave the stock a “buy” rating in a research report on Wednesday, June 10th.

Hedge Funds Weigh In On BARK

Several institutional investors and hedge funds have recently modified their holdings of BARK. Nano Cap New Millennium Growth Fund L P bought a new position in BARK during the fourth quarter worth about $1,088,000. Renaissance Technologies LLC boosted its holdings in BARK by 98.7% in the 1st quarter. Renaissance Technologies LLC now owns 191,700 shares of the company’s stock valued at $97,000 after purchasing an additional 95,200 shares during the period. Finally, Bank of America Corp DE boosted its holdings in BARK by 18.7% in the 1st quarter. Bank of America Corp DE now owns 135,548 shares of the company’s stock valued at $69,000 after purchasing an additional 21,325 shares during the period. 28.76% of the stock is currently owned by institutional investors and hedge funds.

BARK Stock Performance

Shares of BARK opened at $8.85 on Friday. The firm has a market cap of $79.92 million, a P/E ratio of -2.47 and a beta of 1.97. BARK has a 52 week low of $8.15 and a 52 week high of $20.79. The firm’s 50-day simple moving average is $9.78 and its 200 day simple moving average is $10.34.

BARK (NYSE:BARK) last issued its quarterly earnings data on Thursday, August 6th. The company reported $0.08 earnings per share (EPS) for the quarter, topping the consensus estimate 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 firm had revenue of $78.81 million during the quarter, compared to the consensus estimate of $77.50 million. As a group, equities analysts forecast that BARK will post -1.2 earnings per share for the current year.

BARK Company Profile

BARK, Inc is a pet products company focused on dogs and their owners. The company develops and sells toys, treats, food, dental products and other dog-related merchandise through its direct-to-consumer digital channels, subscription services and selected retail partners.

Its brands and services include BarkBox, a subscription program that delivers themed assortments of dog toys and treats; Super Chewer, which offers more durable toys and products; and BARK Bright, a line of dental care products.