BARK, Inc. (NYSE:BARK) Given Average Rating of “Hold” by Brokerages

by · The Cerbat Gem

Shares of BARK, Inc. (NYSE:BARK – Get Free Report) have received a consensus rating of “Hold” from the five brokerages that are covering the company, Marketbeat Ratings reports. One investment analyst has rated the stock with a sell recommendation, two have assigned a hold recommendation and two have given a buy recommendation to the company. The average 12-month price target among analysts that have covered the stock in the last year is $15.3333.

BARK has been the subject of a number of recent analyst reports. Jefferies Financial Group reiterated a “buy” rating and issued a $19.00 price target on shares of BARK in a research note on Thursday, June 11th. Wall Street Zen upgraded shares of BARK from a “sell” rating to a “hold” rating in a research note on Sunday, July 12th. Lake Street Capital set a $12.00 target price on shares of BARK and gave the company a “buy” rating in a report on Wednesday, June 10th. Finally, Weiss Ratings upgraded shares of BARK from a “sell (e+)” rating to a “sell (d-)” rating in a research note on Wednesday, September 2nd.

Check Out Our Latest Research Report on BARK

Institutional Trading of BARK

Several institutional investors and hedge funds have recently bought and sold shares of BARK. Nano Cap New Millennium Growth Fund L P acquired a new stake in shares of BARK in the fourth quarter valued at approximately $1,088,000. Renaissance Technologies LLC raised its stake in BARK by 98.7% in the 1st quarter. Renaissance Technologies LLC now owns 191,700 shares of the company’s stock valued at $97,000 after acquiring an additional 95,200 shares during the period. Finally, Bank of America Corp DE lifted its holdings in BARK by 18.7% during the 1st quarter. Bank of America Corp DE now owns 135,548 shares of the company’s stock valued at $69,000 after purchasing an additional 21,325 shares during the last quarter. Institutional investors own 28.76% of the company’s stock.

BARK Trading Down 1.0%

BARK stock opened at $8.85 on Friday. The stock has a market cap of $79.92 million, a PE ratio of -2.47 and a beta of 1.97. The stock has a 50-day moving average price of $9.78 and a two-hundred day moving average price of $10.34. BARK has a 1 year low of $8.15 and a 1 year high of $20.79.

BARK (NYSE:BARK – Get Free Report) last posted its quarterly earnings data on Thursday, August 6th. The company reported $0.08 earnings per share for the quarter, topping the consensus estimate of ($0.40) by $0.48. The company had revenue of $78.81 million during the quarter, compared to analysts’ expectations of $77.50 million. BARK had a negative return on equity of 35.66% and a negative net margin of 8.42%. On average, analysts forecast that BARK will post -1.2 earnings per share for the current fiscal year.

BARK Company Profile

(Get Free Report)

BARK, Inc is a pet products company focused on dogs and their owners. The company develops and sells toys, treats, food, dental products and other dog-related merchandise through its direct-to-consumer digital channels, subscription services and selected retail partners.

Its brands and services include BarkBox, a subscription program that delivers themed assortments of dog toys and treats; Super Chewer, which offers more durable toys and products; and BARK Bright, a line of dental care products.

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