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

by · The Cerbat Gem

Wall Street Zen upgraded shares of BARK (NYSE:BARK – Free Report) from a sell rating to a hold rating in a report released on Sunday.

Separately, Weiss Ratings reiterated a “sell (d-)” rating on shares of BARK in a research report on Wednesday, October 8th. Two analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, BARK currently has an average rating of “Hold” and a consensus target price of $2.63.

View Our Latest Stock Report on BARK

BARK Stock Performance

Shares of BARK stock opened at $0.79 on Friday. BARK has a one year low of $0.73 and a one year high of $2.56. The company has a market cap of $134.89 million, a price-to-earnings ratio of -4.67 and a beta of 1.86. The business’s 50 day moving average price is $0.84 and its 200 day moving average price is $0.99.

Institutional Investors Weigh In On BARK

Institutional investors have recently modified their holdings of the company. Nuveen LLC acquired a new stake in shares of BARK in the first quarter valued at $589,000. XTX Topco Ltd grew its stake in shares of BARK by 71.1% in the first 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 in the last quarter. Voya Investment Management LLC grew its stake in shares of BARK by 43.6% in the first quarter. Voya Investment Management LLC now owns 230,608 shares of the company’s stock valued at $321,000 after buying an additional 70,000 shares in the last quarter. State of Wyoming acquired a new stake in shares of BARK in the first quarter valued at $176,000. Finally, Murchinson Ltd. acquired a new stake in shares of BARK in the first quarter valued at $227,000. 28.76% of the stock is owned by institutional investors and hedge funds.

About BARK

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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.

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