BARK (NYSE:BARK) Stock Rating Lowered by Wall Street Zen
by Amy Steele · The Cerbat GemBARK (NYSE:BARK – Get Free Report) was downgraded by stock analysts at Wall Street Zen from a “hold” rating to a “sell” rating in a report issued on Saturday.
A number of other research analysts also recently commented on the stock. Zacks Research raised shares of BARK to a “hold” rating in a research report on Tuesday, January 20th. Canaccord Genuity Group decreased their price objective 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. Finally, Lake Street Capital set a $30.00 price objective on shares of BARK in a research report on Friday, February 6th. One investment analyst has rated the stock with a Buy rating, two have given a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $35.00.
Read Our Latest Stock Analysis on BARK
BARK Price Performance
Shares of BARK opened at $9.55 on Friday. The firm has a 50-day moving average of $12.90 and a 200-day moving average of $14.37. BARK has a one year low of $8.15 and a one year high of $28.40. The company has a market cap of $82.51 million, a PE ratio of -2.65 and a beta of 2.07.
Institutional Trading of BARK
Hedge funds have recently modified their holdings of the stock. Brevan Howard Capital Management LP acquired a new stake in shares of BARK during the 2nd quarter worth about $32,000. NewEdge Advisors LLC acquired a new stake in BARK in the 1st quarter worth about $65,000. SG Americas Securities LLC acquired a new stake in BARK in the 3rd quarter worth about $41,000. BNP Paribas Financial Markets raised its stake in BARK by 323.4% in the 3rd quarter. BNP Paribas Financial Markets now owns 50,438 shares of the company’s stock worth $42,000 after purchasing an additional 38,526 shares in the last quarter. Finally, Cerity Partners LLC raised its stake in BARK by 58.1% in the 2nd quarter. Cerity Partners LLC now owns 55,405 shares of the company’s stock worth $49,000 after purchasing an additional 20,359 shares in the last quarter. 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.