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

BARK, Inc. (NYSE:BARK) has earned a consensus recommendation of “Hold” from the five brokerages that are covering the firm, MarketBeat.com reports. One analyst has rated the stock with a sell rating, two have given a hold rating and two have issued a buy rating on the company. The average 12-month target price among brokers that have covered the stock in the last year is $15.3333.

A number of equities research analysts have recently commented on the company. Jefferies Financial Group reaffirmed a “buy” rating and set a $19.00 price target on shares of BARK in a research report on Thursday, June 11th. Lake Street Capital set a $12.00 target price on shares of BARK and gave the stock a “buy” rating in a report on Wednesday, June 10th. Canaccord Genuity Group cut their price target on shares of BARK from $30.00 to $15.00 and set a “hold” rating on the stock in a research note on Thursday, April 2nd. Wall Street Zen raised shares of BARK from a “sell” rating to a “hold” rating in a research report on Sunday, July 12th. Finally, Weiss Ratings cut shares of BARK from a “sell (d-)” rating to a “sell (e+)” rating in a research report on Wednesday, May 6th.

Institutional Trading of BARK

Hedge funds and other institutional investors have recently modified their holdings of the company. Brevan Howard Capital Management LP bought a new stake in shares of BARK in the second quarter valued at about $32,000. XTX Topco Ltd bought a new position in shares of BARK during the fourth quarter worth about $38,000. BNP Paribas Financial Markets grew its holdings in shares of BARK by 323.4% during the third quarter. BNP Paribas Financial Markets now owns 50,438 shares of the company’s stock worth $42,000 after buying an additional 38,526 shares in the last quarter. Cerity Partners LLC raised its position in BARK by 58.1% in the 2nd quarter. Cerity Partners LLC now owns 55,405 shares of the company’s stock valued at $49,000 after buying an additional 20,359 shares during the last quarter. Finally, Renaissance Technologies LLC raised its position in BARK by 92.2% in the 4th quarter. Renaissance Technologies LLC now owns 96,500 shares of the company’s stock valued at $58,000 after buying an additional 46,300 shares during the last quarter. Institutional investors and hedge funds own 28.76% of the company’s stock.

BARK Stock Down 0.8%

Shares of NYSE BARK opened at $8.79 on Friday. BARK has a twelve month low of $8.15 and a twelve month high of $20.79. The stock has a market cap of $77.22 million, a price-to-earnings ratio of -1.97 and a beta of 1.92. The company’s fifty day moving average is $9.46 and its 200-day moving average is $12.00.

BARK (NYSE:BARK) last issued its quarterly earnings data on Tuesday, June 9th. The company reported $0.07 EPS for the quarter, topping the consensus estimate of ($0.35) by $0.42. The business had revenue of $86.57 million for the quarter, compared to the consensus estimate of $96.30 million. BARK had a negative return on equity of 42.27% and a negative net margin of 9.88%.During the same quarter last year, the business posted $0.01 EPS. On average, research analysts anticipate that BARK will post -1.2 EPS for the current fiscal year.

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.