BARK, Inc. (NYSE:BARK) Stock Rated “Hold” by Sell-Side Analysts

BARK, Inc. (NYSE:BARK) has been assigned a consensus rating of “Hold” from the five analysts that are currently covering the stock, Marketbeat.com reports. One equities research analyst has rated the stock with a sell recommendation, two have given a hold recommendation and two have assigned a buy recommendation to the company. The average twelve-month target price among brokerages that have issued ratings on the stock in the last year is $15.33.

A number of analysts have weighed in on the stock. Wall Street Zen raised shares of BARK from a “sell” rating to a “hold” rating in a report on Sunday, July 12th. Weiss Ratings upgraded shares of BARK from a “sell (e+)” rating to a “sell (d-)” rating in a report on Tuesday, October 6th.

BARK Trading Up 1.1%

BARK opened at $7.54 on Wednesday. BARK has a 1-year low of $7.39 and a 1-year high of $20.79. The stock has a market capitalization of $68.09 million, a price-to-earnings ratio of -2.11 and a beta of 1.98. The business has a 50 day moving average of $9.21 and a 200-day moving average of $9.36.

BARK (NYSE:BARK) last announced its earnings results on Thursday, August 6th. The company reported $0.08 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.40) by $0.48. The business had revenue of $78.81 million for the quarter, compared to analyst estimates of $77.50 million. BARK had a negative net margin of 8.42% and a negative return on equity of 35.66%.

Institutional Investors Weigh In On BARK

An institutional investor recently raised its position in BARK stock. Bank of America Corp DE boosted its position in shares of BARK, Inc. (NYSE:BARK) by 18.7% during the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 135,548 shares of the company’s stock after acquiring an additional 21,325 shares during the period. Bank of America Corp DE owned approximately 1.57% of BARK worth $69,000 at the end of the most recent quarter. Institutional investors own 28.76% of the company’s stock.

BARK Company Profile

BARK, Inc is a pet products company focused on dogs and their owners. The company develops and sells toys, treats, food and other products designed around dogs’ health, wellness and enjoyment.

BARK offers its products through multiple brands and channels, including BARKBox, a subscription service that delivers curated toys and treats; Super Chewer, which features more durable toys and treats; and BARK Bright, an oral-care product line. The company also sells products through its website, retail partners and other distribution channels.

Founded in 2011, BARK initially built its business around subscription-based dog products before expanding into a broader omnichannel pet-products platform.