BARK (NYSE:BARK) Stock Price Down 1% – Time to Sell?

BARK, Inc. (NYSE:BARK) fell 1% during trading on Friday . The company traded as low as $8.80 and last traded at $8.85. Approximately 94,536 shares were traded during trading, an increase of 95% from the average session volume of 48,470 shares. The stock had previously closed at $8.94.

Analysts Set New Price Targets

Several brokerages recently commented on BARK. Lake Street Capital set a $12.00 target price on BARK and gave the stock a “buy” rating in a report on Wednesday, June 10th. Jefferies Financial Group reaffirmed a “buy” rating and set a $19.00 price target on shares of BARK in a research note on Thursday, June 11th. Weiss Ratings upgraded BARK from a “sell (e+)” rating to a “sell (d-)” rating in a research report on Wednesday, September 2nd. Finally, Wall Street Zen raised BARK from a “sell” rating to a “hold” rating in a research note on Sunday, July 12th. Two analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, BARK presently has a consensus rating of “Hold” and an average target price of $15.33.

BARK Trading Down 1.0%

The firm has a market cap of $79.92 million, a PE ratio of -2.47 and a beta of 1.97. The company’s 50-day moving average is $9.78 and its 200 day moving average is $10.34.

BARK (NYSE:BARK) last posted its quarterly earnings data on Thursday, August 6th. The company reported $0.08 earnings per share for the quarter, topping the consensus estimate of ($0.40) by $0.48. BARK had a negative net margin of 8.42% and a negative return on equity of 35.66%. The firm had revenue of $78.81 million for the quarter, compared to analysts’ expectations of $77.50 million. On average, research analysts predict that BARK, Inc. will post -1.2 EPS for the current fiscal year.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of BARK. Prescott Group Capital Management L.L.C. raised its position in BARK by 108.1% during the fourth quarter. Prescott Group Capital Management L.L.C. now owns 4,109,133 shares of the company’s stock valued at $2,476,000 after buying an additional 2,134,915 shares during the period. Nano Cap New Millennium Growth Fund L P acquired a new stake in BARK during the 4th quarter worth about $1,088,000. Renaissance Technologies LLC boosted its position in BARK by 98.7% during the 1st quarter. Renaissance Technologies LLC now owns 191,700 shares of the company’s stock worth $97,000 after acquiring an additional 95,200 shares during the period. Finally, Bank of America Corp DE grew its stake in BARK by 18.7% during the 1st quarter. Bank of America Corp DE now owns 135,548 shares of the company’s stock valued at $69,000 after acquiring an additional 21,325 shares in the last quarter. Hedge funds and other institutional investors own 28.76% of the company’s stock.

About BARK

BARK, Inc is a pet products company focused on dogs and their owners. The company develops and sells toys, treats, food, dental products and other dog-related merchandise through its direct-to-consumer digital channels, subscription services and selected retail partners.

Its brands and services include BarkBox, a subscription program that delivers themed assortments of dog toys and treats; Super Chewer, which offers more durable toys and products; and BARK Bright, a line of dental care products.