Jacobs Levy Equity Management Inc. Has $1 Million Stake in BARK, Inc. $BARK

Jacobs Levy Equity Management Inc. decreased its position in BARK, Inc. (NYSE:BARK) by 6.2% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 720,093 shares of the company’s stock after selling 47,827 shares during the quarter. Jacobs Levy Equity Management Inc. owned 0.41% of BARK worth $1,001,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Ameriprise Financial Inc. acquired a new stake in shares of BARK in the 4th quarter valued at about $444,000. Nuveen LLC acquired a new stake in shares of BARK in the 1st quarter valued at about $589,000. BNP Paribas Financial Markets acquired a new stake in BARK in the 4th quarter valued at $57,000. XTX Topco Ltd increased its stake in BARK by 71.1% in the 1st quarter. XTX Topco Ltd now owns 211,693 shares of the company’s stock valued at $294,000 after buying an additional 87,977 shares during the last quarter. Finally, Northern Trust Corp increased its stake in BARK by 5.0% in the 4th quarter. Northern Trust Corp now owns 1,041,260 shares of the company’s stock valued at $1,916,000 after buying an additional 49,672 shares during the last quarter. Institutional investors and hedge funds own 28.76% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts have issued reports on BARK shares. Canaccord Genuity Group lowered their price target on shares of BARK from $2.50 to $2.00 and set a “hold” rating on the stock in a research note on Thursday, June 5th. Wall Street Zen lowered shares of BARK from a “hold” rating to a “sell” rating in a research note on Saturday, August 9th. Finally, Jefferies Financial Group lowered their price objective on shares of BARK from $4.00 to $3.00 and set a “buy” rating on the stock in a research note on Thursday, June 5th. Two equities research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $2.63.

BARK Stock Performance

Shares of BARK opened at $0.89 on Friday. BARK, Inc. has a 52 week low of $0.77 and a 52 week high of $2.56. The firm has a market cap of $151.62 million, a P/E ratio of -5.25 and a beta of 1.88. The firm’s 50-day simple moving average is $0.90 and its 200 day simple moving average is $1.12.

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.