BARK (NYSE:BARK) Upgraded by Wall Street Zen to Hold Rating

Wall Street Zen upgraded shares of BARK (NYSE:BARK) from a sell rating to a hold rating in a research report released on Sunday.

Several other equities research analysts have also commented on BARK. Zacks Research upgraded shares of BARK to a “hold” rating in a research report on Tuesday, January 20th. Lake Street Capital set a $30.00 price objective on shares of BARK in a research note on Friday, February 6th. Finally, Canaccord Genuity Group dropped their target price on shares of BARK from $30.00 to $15.00 and set a “hold” rating for the company in a research report on Thursday, April 2nd. One equities research analyst has rated the stock with a Buy rating, two have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Hold” and an average price target of $35.00.

BARK Price Performance

Shares of BARK stock opened at $9.71 on Friday. The firm’s fifty day simple moving average is $12.41 and its 200-day simple moving average is $14.19. The stock has a market capitalization of $83.85 million, a price-to-earnings ratio of -2.70 and a beta of 1.92. BARK has a 12 month low of $8.15 and a 12 month high of $28.40.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of BARK. Cerity Partners LLC boosted its position in shares of 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 purchasing an additional 20,359 shares during the period. Brevan Howard Capital Management LP bought a new position in shares of BARK in the 2nd quarter valued at approximately $32,000. BNP Paribas Financial Markets raised its stake in shares of BARK by 323.4% in the 3rd quarter. BNP Paribas Financial Markets now owns 50,438 shares of the company’s stock valued at $42,000 after acquiring an additional 38,526 shares in the last quarter. Wells Fargo & Company MN raised its stake in shares of BARK by 74.9% in the 4th quarter. Wells Fargo & Company MN now owns 106,808 shares of the company’s stock valued at $64,000 after acquiring an additional 45,737 shares in the last quarter. Finally, Renaissance Technologies LLC raised its stake in shares of 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 acquiring an additional 46,300 shares in the last quarter. 28.76% of the stock is owned by institutional investors and hedge funds.

About BARK

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.