Prescott Group Capital Management L.L.C. Has $2.48 Million Stock Holdings in BARK, Inc. $BARK

Prescott Group Capital Management L.L.C. lifted its stake in BARK, Inc. (NYSE:BARK) by 108.1% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 4,109,133 shares of the company’s stock after acquiring an additional 2,134,915 shares during the period. Prescott Group Capital Management L.L.C.’s holdings in BARK were worth $2,476,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also modified their holdings of BARK. AQR Capital Management LLC grew its stake in shares of BARK by 627.8% in the first quarter. AQR Capital Management LLC now owns 154,257 shares of the company’s stock worth $214,000 after acquiring an additional 133,061 shares during the last quarter. NewEdge Advisors LLC acquired a new stake in shares of BARK in the first quarter worth $65,000. Arrowstreet Capital Limited Partnership grew its stake in shares of BARK by 15.7% in the second quarter. Arrowstreet Capital Limited Partnership now owns 1,692,503 shares of the company’s stock worth $1,489,000 after acquiring an additional 230,131 shares during the last quarter. Gabelli Funds LLC grew its stake in shares of BARK by 100.0% in the second quarter. Gabelli Funds LLC now owns 100,000 shares of the company’s stock worth $88,000 after acquiring an additional 50,000 shares during the last quarter. Finally, Cerity Partners LLC grew its stake in shares of BARK by 58.1% in the second quarter. Cerity Partners LLC now owns 55,405 shares of the company’s stock worth $49,000 after acquiring an additional 20,359 shares during the last quarter. Institutional investors and hedge funds own 28.76% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages have recently issued reports on BARK. Lake Street Capital set a $30.00 price objective on shares of BARK in a research note on Friday, February 6th. Wall Street Zen upgraded shares of BARK from a “sell” rating to a “hold” rating in a research note on Sunday, May 3rd. Canaccord Genuity Group decreased 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. Finally, Weiss Ratings downgraded shares of BARK from a “sell (d-)” rating to a “sell (e+)” rating in a research note on Wednesday, May 6th. One research analyst has rated the stock with a Buy rating, two have assigned a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of $35.00.

BARK Stock Performance

Shares of NYSE BARK opened at $9.13 on Thursday. The stock has a market cap of $78.86 million, a PE ratio of -2.53 and a beta of 1.92. The business has a fifty day moving average of $10.79 and a two-hundred day moving average of $13.51. BARK, Inc. has a 52-week low of $8.15 and a 52-week high of $27.60.

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.