1,805,000 Shares in BARK, Inc. $BARK Acquired by Nano Cap New Millennium Growth Fund L P

Nano Cap New Millennium Growth Fund L P acquired a new position in shares of BARK, Inc. (NYSE:BARK) during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm acquired 1,805,000 shares of the company’s stock, valued at approximately $1,088,000.

A number of other institutional investors have also recently added to or reduced their stakes in the stock. Shay Capital LLC lifted its position in BARK by 133.6% during the third quarter. Shay Capital LLC now owns 4,432,121 shares of the company’s stock worth $3,682,000 after buying an additional 2,534,722 shares in the last quarter. Prescott Group Capital Management L.L.C. lifted 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 worth $2,476,000 after buying an additional 2,134,915 shares in the last quarter. Arrowstreet Capital Limited Partnership lifted its position in BARK by 17.4% during the third quarter. Arrowstreet Capital Limited Partnership now owns 1,986,331 shares of the company’s stock worth $1,650,000 after buying an additional 293,828 shares in the last quarter. GSA Capital Partners LLP lifted its position in BARK by 128.0% during the third quarter. GSA Capital Partners LLP now owns 1,049,948 shares of the company’s stock worth $872,000 after buying an additional 589,390 shares in the last quarter. Finally, Murchinson Ltd. lifted its position in BARK by 150.7% during the second quarter. Murchinson Ltd. now owns 410,043 shares of the company’s stock worth $361,000 after buying an additional 246,500 shares in the last quarter. Hedge funds and other institutional investors own 28.76% of the company’s stock.

BARK Stock Down 1.0%

BARK stock opened at $9.01 on Friday. The business has a fifty day moving average of $10.66 and a two-hundred day moving average of $13.44. The stock has a market cap of $77.80 million, a price-to-earnings ratio of -2.50 and a beta of 1.92. BARK, Inc. has a 52-week low of $8.15 and a 52-week high of $27.60.

Wall Street Analyst Weigh In

BARK has been the topic of a number of analyst reports. Weiss Ratings downgraded BARK from a “sell (d-)” rating to a “sell (e+)” rating in a research report on Wednesday, May 6th. Lake Street Capital set a $30.00 price objective on BARK in a research report on Friday, February 6th. Wall Street Zen raised BARK from a “sell” rating to a “hold” rating in a research note on Sunday, May 3rd. Finally, Canaccord Genuity Group cut their target price on BARK from $30.00 to $15.00 and set a “hold” rating for the company in a research note on Thursday, April 2nd. One investment analyst has rated the stock with a Buy rating, two have given a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $35.00.

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.