BARK, Inc. (NYSE:BARK) Receives Consensus Rating of “Hold” from Brokerages

BARK, Inc. (NYSE:BARK) has received a consensus rating of “Hold” from the five analysts that are covering the company, Marketbeat.com reports. One research analyst has rated the stock with a sell recommendation, two have given a hold recommendation and two have given a buy recommendation to the company. The average 1-year target price among brokerages that have issued a report on the stock in the last year is $15.3333.

BARK has been the topic of a number of research analyst reports. Jefferies Financial Group reiterated a “buy” rating and set a $19.00 price target on shares of BARK in a report on Thursday, June 11th. Lake Street Capital set a $12.00 price objective on BARK and gave the stock a “buy” rating in a research report on Wednesday, June 10th. Weiss Ratings cut BARK from a “sell (d-)” rating to a “sell (e+)” rating in a research note on Wednesday, May 6th. Wall Street Zen downgraded BARK from a “hold” rating to a “sell” rating in a report on Saturday, June 27th. Finally, Canaccord Genuity Group reduced their price target on shares of BARK from $30.00 to $15.00 and set a “hold” rating for the company in a research report on Thursday, April 2nd.

BARK Stock Performance

BARK stock opened at $10.74 on Monday. The company has a 50 day moving average price of $9.41 and a 200 day moving average price of $12.38. BARK has a 52 week low of $8.15 and a 52 week high of $22.60. The firm has a market capitalization of $94.45 million, a price-to-earnings ratio of -2.41 and a beta of 1.92.

BARK (NYSE:BARK) last announced its earnings results on Tuesday, June 9th. The company reported $0.07 earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.35) by $0.42. BARK had a negative net margin of 9.88% and a negative return on equity of 42.27%. The company had revenue of $86.57 million for the quarter, compared to the consensus estimate of $96.30 million. During the same period in the previous year, the business earned $0.01 EPS. Equities analysts forecast that BARK will post -1.2 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the stock. Brevan Howard Capital Management LP purchased a new stake in BARK in the 2nd quarter worth approximately $32,000. XTX Topco Ltd purchased a new position in shares of BARK during the 4th quarter valued at $38,000. BNP Paribas Financial Markets increased its stake in shares of BARK by 323.4% in the third quarter. BNP Paribas Financial Markets now owns 50,438 shares of the company’s stock worth $42,000 after acquiring an additional 38,526 shares during the last quarter. Cerity Partners LLC increased its stake in shares of BARK by 58.1% in the second quarter. Cerity Partners LLC now owns 55,405 shares of the company’s stock worth $49,000 after acquiring an additional 20,359 shares during the last quarter. Finally, Byrne Asset Management LLC purchased a new stake in shares of BARK during the fourth quarter worth $57,000. Institutional investors and hedge funds own 28.76% of the company’s stock.

About BARK

BARK is a consumer products and services company focused on the canine market, offering a suite of subscription-based and direct‐to‐consumer offerings designed to meet the everyday needs of dogs and their owners. The company’s core business revolves around carefully curated boxes of toys, treats and chews, which are delivered monthly to subscribers through its flagship BarkBox service. Over time, BARK has expanded its reach beyond subscription, tapping into e-commerce and wholesale channels to broaden its customer base.

In addition to BarkBox, the company operates BarkShop, an online storefront that allows customers to purchase toys, grooming supplies and nutrition products on an a la carte basis.