BARK (NYSE:BARK) Releases Quarterly Earnings Results, Beats Expectations By $0.42 EPS

BARK (NYSE:BARK) posted its quarterly earnings data on Tuesday. The company reported $0.07 EPS for the quarter, topping the consensus estimate of ($0.35) by $0.42, FiscalAI reports. The firm had revenue of $86.57 million during the quarter, compared to analyst estimates of $96.30 million. BARK had a negative return on equity of 25.73% and a negative net margin of 7.65%.

BARK Stock Performance

Shares of BARK traded up $0.41 during midday trading on Tuesday, hitting $9.97. 266,290 shares of the company traded hands, compared to its average volume of 77,657. The firm has a 50 day moving average of $9.41 and a 200-day moving average of $12.91. BARK has a 52 week low of $8.15 and a 52 week high of $22.60. The stock has a market cap of $86.13 million, a price-to-earnings ratio of -2.77 and a beta of 1.93.

Analyst Upgrades and Downgrades

BARK has been the subject of several recent analyst reports. Canaccord Genuity Group dropped their target price on shares of BARK from $30.00 to $15.00 and set a “hold” rating for the company in a report on Thursday, April 2nd. Weiss Ratings downgraded shares of BARK from a “sell (d-)” rating to a “sell (e+)” rating in a report on Wednesday, May 6th. Finally, Wall Street Zen raised shares of BARK from a “sell” rating to a “hold” rating in a report on Saturday. Two investment analysts have rated the stock with a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Reduce” and an average target price of $22.50.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in the stock. Shay Capital LLC boosted its holdings in shares of BARK by 133.6% during the 3rd quarter. Shay Capital LLC now owns 4,432,121 shares of the company’s stock valued at $3,682,000 after purchasing an additional 2,534,722 shares during the last quarter. Arrowstreet Capital Limited Partnership boosted its holdings in shares of BARK by 17.4% during the 3rd quarter. Arrowstreet Capital Limited Partnership now owns 1,986,331 shares of the company’s stock valued at $1,650,000 after purchasing an additional 293,828 shares during the last quarter. Goldman Sachs Group Inc. boosted its holdings in shares of BARK by 78.0% during the 4th quarter. Goldman Sachs Group Inc. now owns 667,881 shares of the company’s stock valued at $402,000 after purchasing an additional 292,621 shares during the last quarter. Murchinson Ltd. boosted its holdings in shares of BARK by 150.7% during the 2nd quarter. Murchinson Ltd. now owns 410,043 shares of the company’s stock valued at $361,000 after purchasing an additional 246,500 shares during the last quarter. Finally, State of Wyoming boosted its holdings in shares of BARK by 40.2% during the 2nd quarter. State of Wyoming now owns 177,988 shares of the company’s stock valued at $157,000 after purchasing an additional 51,029 shares during the last quarter. Institutional investors own 28.76% of the company’s stock.

BARK Company Profile

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.