BARK (NYSE:BARK) Upgraded at Wall Street Zen

BARK (NYSE:BARK) was upgraded by Wall Street Zen from a “sell” rating to a “hold” rating in a research note issued to investors on Saturday.

A number of other equities analysts have also recently commented on BARK. Canaccord Genuity Group reduced their price target on BARK from $2.50 to $2.00 and set a “hold” rating for the company in a report on Thursday, June 5th. Jefferies Financial Group reduced their price target on BARK from $4.00 to $3.00 and set a “buy” rating for the company in a report on Thursday, June 5th. Two analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $2.63.

BARK Stock Performance

NYSE:BARK opened at $0.88 on Friday. The stock’s 50-day simple moving average is $0.90 and its 200 day simple moving average is $1.11. The company has a market cap of $149.83 million, a P/E ratio of -5.19 and a beta of 1.88. BARK has a 52-week low of $0.77 and a 52-week high of $2.56.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in BARK. Prescott Group Capital Management L.L.C. raised its position in BARK by 1,150.5% during the second quarter. Prescott Group Capital Management L.L.C. now owns 1,974,218 shares of the company’s stock valued at $1,736,000 after purchasing an additional 1,816,345 shares in the last quarter. Jacobs Levy Equity Management Inc. acquired a new position in BARK during the fourth quarter valued at approximately $1,413,000. Nuveen LLC acquired a new position in BARK during the first quarter valued at approximately $589,000. Murchinson Ltd. raised its position in BARK by 150.7% during the second quarter. Murchinson Ltd. now owns 410,043 shares of the company’s stock valued at $361,000 after purchasing an additional 246,500 shares in the last quarter. Finally, Ameriprise Financial Inc. acquired a new position in BARK during the fourth quarter valued at approximately $444,000. 28.76% of the stock is currently owned by institutional investors and hedge funds.

BARK Company 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.