BARK, Inc. (NYSE:BARK) Receives $13.50 Consensus PT from Analysts

Shares of BARK, Inc. (NYSE:BARK) have been assigned a consensus recommendation of “Hold” from the five research firms that are presently covering the firm, MarketBeat 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 1-year price objective among analysts that have updated their coverage on the stock in the last year is $15.3333.

Several brokerages recently weighed in on BARK. Jefferies Financial Group reiterated a “buy” rating and set a $19.00 price target on shares of BARK in a research report on Thursday, June 11th. Canaccord Genuity Group reduced their price target on BARK from $30.00 to $15.00 and set a “hold” rating for the company in a research report on Thursday, April 2nd. Lake Street Capital set a $12.00 price target on BARK and gave the company a “buy” rating in a research report on Wednesday, June 10th. Wall Street Zen upgraded BARK from a “sell” rating to a “hold” rating in a research report on Saturday, June 6th. Finally, Weiss Ratings cut BARK from a “sell (d-)” rating to a “sell (e+)” rating in a research report on Wednesday, May 6th.

BARK Trading Up 6.7%

Shares of BARK stock opened at $9.46 on Thursday. The stock has a 50 day moving average of $9.32 and a 200 day moving average of $12.69. The stock has a market cap of $83.13 million, a P/E ratio of -2.63 and a beta of 1.93. BARK has a twelve month low of $8.15 and a twelve month high of $22.60.

BARK (NYSE:BARK) last announced its quarterly earnings results on Tuesday, June 9th. The company reported $0.07 earnings per share for the quarter, beating the consensus estimate of ($0.35) by $0.42. The company had revenue of $86.57 million during the quarter, compared to analysts’ expectations 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 period last year, the business earned $0.01 earnings per share. On average, research analysts predict that BARK will post -1.2 earnings per share for the current fiscal year.

Institutional Trading of BARK

A number of institutional investors and hedge funds have recently made changes to their positions in the business. Bank of America Corp DE increased its position in shares of BARK by 18.7% in the first quarter. Bank of America Corp DE now owns 135,548 shares of the company’s stock valued at $69,000 after buying an additional 21,325 shares in the last quarter. Renaissance Technologies LLC increased its position in shares of BARK by 98.7% in the first quarter. Renaissance Technologies LLC now owns 191,700 shares of the company’s stock valued at $97,000 after buying an additional 95,200 shares in the last quarter. XTX Topco Ltd purchased a new stake in shares of BARK in the fourth quarter valued at approximately $38,000. Wells Fargo & Company MN increased its position in shares of BARK by 74.9% in the fourth quarter. Wells Fargo & Company MN now owns 106,808 shares of the company’s stock valued at $64,000 after buying an additional 45,737 shares in the last quarter. Finally, Goldman Sachs Group Inc. increased its position in shares of BARK by 78.0% in the fourth quarter. Goldman Sachs Group Inc. now owns 667,881 shares of the company’s stock valued at $402,000 after buying an additional 292,621 shares in the last quarter. 28.76% of the stock is currently owned by hedge funds and other institutional investors.

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.