BARK, Inc. (NYSE:BARK) Shares Purchased by Two Sigma Investments LP

Two Sigma Investments LP boosted its position in BARK, Inc. (NYSE:BARK) by 94.5% during the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 138,960 shares of the company’s stock after acquiring an additional 67,513 shares during the quarter. Two Sigma Investments LP’s holdings in BARK were worth $256,000 as of its most recent SEC filing.

A number of other institutional investors have also recently added to or reduced their stakes in the company. Cresset Asset Management LLC lifted its holdings in BARK by 2.4% in the 4th quarter. Cresset Asset Management LLC now owns 223,300 shares of the company’s stock worth $411,000 after buying an additional 5,205 shares in the last quarter. Price T Rowe Associates Inc. MD increased its position in shares of BARK by 17.9% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 51,362 shares of the company’s stock worth $95,000 after purchasing an additional 7,813 shares during the last quarter. ProShare Advisors LLC increased its position in shares of BARK by 46.0% in the 4th quarter. ProShare Advisors LLC now owns 36,568 shares of the company’s stock worth $67,000 after purchasing an additional 11,520 shares during the last quarter. Wells Fargo & Company MN increased its position in shares of BARK by 24.8% in the 4th quarter. Wells Fargo & Company MN now owns 77,215 shares of the company’s stock worth $142,000 after purchasing an additional 15,355 shares during the last quarter. Finally, US Bancorp DE bought a new stake in shares of BARK in the 4th quarter worth about $31,000. Institutional investors and hedge funds own 28.76% of the company’s stock.

BARK Stock Down 5.2%

Shares of NYSE:BARK opened at $0.85 on Thursday. The company has a market cap of $144.27 million, a PE ratio of -4.48 and a beta of 2.01. BARK, Inc. has a fifty-two week low of $0.85 and a fifty-two week high of $2.56. The firm has a 50-day simple moving average of $1.21 and a 200 day simple moving average of $1.62.

BARK (NYSE:BARK) last issued its earnings results on Wednesday, June 4th. The company reported $0.01 EPS for the quarter, meeting analysts’ consensus estimates of $0.01. BARK had a negative return on equity of 15.34% and a negative net margin of 6.47%. The company had revenue of $115.41 million during the quarter, compared to the consensus estimate of $126.74 million. As a group, research analysts forecast that BARK, Inc. will post -0.09 EPS for the current fiscal year.

Insider Buying and Selling at BARK

In related news, CFO Zahir Ibrahim bought 55,555 shares of the firm’s stock in a transaction on Monday, June 9th. The stock was bought at an average cost of $0.90 per share, for a total transaction of $49,999.50. Following the completion of the purchase, the chief financial officer now directly owns 305,555 shares in the company, valued at approximately $274,999.50. The trade was a 22.22% increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 14.80% of the stock is currently owned by insiders.

Analysts Set New Price Targets

BARK has been the subject of several research analyst reports. Wall Street Zen downgraded shares of BARK from a “hold” rating to a “sell” rating in a research report on Friday, June 6th. Jefferies Financial Group dropped their target price on shares of BARK from $4.00 to $3.00 and set a “buy” rating for the company in a research report on Thursday, June 5th. Finally, Canaccord Genuity Group dropped their target price on shares of BARK from $2.50 to $2.00 and set a “hold” rating for the company in a research report on Thursday, June 5th.

About BARK

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.