BARK (NYSE:BARK) Rating Increased to Hold at Wall Street Zen

Wall Street Zen upgraded shares of BARK (NYSE:BARK) from a sell rating to a hold rating in a research note released on Saturday.

A number of other research firms have also commented on BARK. Jefferies Financial Group lowered their price objective on BARK from $4.00 to $3.00 and set a “buy” rating on the stock in a research note on Thursday, June 5th. Canaccord Genuity Group decreased their price target on BARK from $2.50 to $2.00 and set a “hold” rating on the stock in a research note on Thursday, June 5th.

BARK Price Performance

BARK stock opened at $0.91 on Friday. The stock’s fifty day moving average price is $1.07 and its two-hundred day moving average price is $1.46. BARK has a one year low of $0.77 and a one year high of $2.56. The firm has a market cap of $154.26 million, a PE ratio of -4.79 and a beta of 1.88.

BARK (NYSE:BARK) last posted its quarterly earnings data on Wednesday, June 4th. The company reported $0.01 EPS for the quarter, hitting analysts’ consensus estimates of $0.01. BARK had a negative return on equity of 14.70% and a negative net margin of 6.79%. The firm had revenue of $115.41 million for the quarter, compared to analyst estimates of $126.74 million. Sell-side analysts expect that BARK will post -0.09 earnings per share for the current fiscal year.

Insider Activity

In other BARK news, CFO Zahir Ibrahim purchased 58,823 shares of the firm’s stock in a transaction dated Friday, June 13th. The shares were bought at an average price of $0.86 per share, for a total transaction of $50,587.78. Following the purchase, the chief financial officer owned 364,378 shares in the company, valued at approximately $313,365.08. This trade represents a 19.25% increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. In the last 90 days, insiders acquired 139,378 shares of company stock valued at $125,337. Company insiders own 14.80% of the company’s stock.

Institutional Investors Weigh In On BARK

Hedge funds and other institutional investors have recently bought and sold shares of the company. US Bancorp DE bought a new stake in BARK during the 4th quarter worth $31,000. American Century Companies Inc. bought a new stake in BARK during the 4th quarter worth $49,000. BNP Paribas Financial Markets bought a new stake in BARK during the 4th quarter worth $57,000. ProShare Advisors LLC grew its position in BARK by 46.0% during the 4th quarter. ProShare Advisors LLC now owns 36,568 shares of the company’s stock worth $67,000 after acquiring an additional 11,520 shares during the last quarter. Finally, Virtu Financial LLC bought a new stake in BARK during the 4th quarter worth $82,000. Institutional investors own 28.76% of the company’s stock.

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.