BARK, Inc. (NYSE:BARK) Shares Bought by Wells Fargo & Company MN

Wells Fargo & Company MN lifted its stake in shares of BARK, Inc. (NYSE:BARK) by 24.8% during the fourth quarter, Holdings Channel.com reports. The fund owned 77,215 shares of the company’s stock after purchasing an additional 15,355 shares during the period. Wells Fargo & Company MN’s holdings in BARK were worth $142,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in BARK. Brooklyn FI LLC grew its position in BARK by 5,886.9% in the fourth quarter. Brooklyn FI LLC now owns 19,712,256 shares of the company’s stock worth $34,362,000 after buying an additional 19,383,002 shares during the last quarter. Arrowstreet Capital Limited Partnership grew its holdings in shares of BARK by 373.6% in the 4th quarter. Arrowstreet Capital Limited Partnership now owns 1,589,523 shares of the company’s stock worth $2,925,000 after acquiring an additional 1,253,876 shares during the last quarter. JPMorgan Chase & Co. raised its position in shares of BARK by 464.0% during the fourth quarter. JPMorgan Chase & Co. now owns 1,446,340 shares of the company’s stock worth $2,661,000 after purchasing an additional 1,189,918 shares during the period. LPL Financial LLC purchased a new stake in shares of BARK during the fourth quarter valued at $606,000. Finally, Barclays PLC boosted its position in shares of BARK by 146.8% in the 3rd quarter. Barclays PLC now owns 211,446 shares of the company’s stock valued at $345,000 after purchasing an additional 125,756 shares during the period. Institutional investors own 28.76% of the company’s stock.

Analysts Set New Price Targets

Separately, Lake Street Capital set a $3.00 price objective on BARK in a report on Tuesday, January 14th.

BARK Stock Down 2.1 %

Shares of NYSE:BARK opened at $1.17 on Friday. The company’s fifty day moving average is $1.32 and its two-hundred day moving average is $1.67. The company has a market cap of $203.78 million, a P/E ratio of -6.13 and a beta of 1.98. BARK, Inc. has a 12-month low of $1.09 and a 12-month high of $2.56.

BARK (NYSE:BARK) last released its earnings results on Wednesday, February 5th. The company reported ($0.04) earnings per share for the quarter, missing the consensus estimate of ($0.02) by ($0.02). BARK had a negative net margin of 6.47% and a negative return on equity of 15.34%. Equities research analysts anticipate that BARK, Inc. will post -0.09 earnings per share for the current year.

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.