BARK, Inc. (NYSE:BARK) Given Average Recommendation of “Hold” by Analysts

Shares of BARK, Inc. (NYSE:BARK) have earned an average recommendation of “Hold” from the five research firms that are covering the company, Marketbeat.com reports. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and two have assigned a buy rating to the company. The average 1 year price target among brokerages that have updated their coverage on the stock in the last year is $15.3333.

Several brokerages recently commented on BARK. Weiss Ratings cut BARK from a “sell (d-)” rating to a “sell (e+)” rating in a report on Wednesday, May 6th. 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 downgraded BARK from a “hold” rating to a “sell” rating in a research note on Saturday, June 27th. Jefferies Financial Group restated a “buy” rating and issued a $19.00 price objective on shares of BARK in a report on Thursday, June 11th. Finally, Canaccord Genuity Group decreased 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.

Hedge Funds Weigh In On BARK

Large investors have recently made changes to their positions in the business. Brevan Howard Capital Management LP acquired a new stake in BARK during the second quarter valued at approximately $32,000. XTX Topco Ltd acquired a new position in shares of BARK in the 4th quarter valued at $38,000. BNP Paribas Financial Markets increased its stake in BARK by 323.4% in the 3rd quarter. BNP Paribas Financial Markets now owns 50,438 shares of the company’s stock worth $42,000 after purchasing an additional 38,526 shares in the last quarter. Cerity Partners LLC increased its stake in BARK by 58.1% in the 2nd quarter. Cerity Partners LLC now owns 55,405 shares of the company’s stock worth $49,000 after purchasing an additional 20,359 shares in the last quarter. Finally, Byrne Asset Management LLC acquired a new stake in BARK during the 4th quarter worth about $57,000. Institutional investors own 28.76% of the company’s stock.

BARK Stock Down 1.7%

Shares of BARK opened at $10.74 on Monday. The firm has a 50-day moving average price of $9.41 and a 200 day moving average price of $12.38. The firm has a market capitalization of $94.45 million, a PE ratio of -2.41 and a beta of 1.92. BARK has a 52-week low of $8.15 and a 52-week high of $22.60.

BARK (NYSE:BARK) last released its quarterly earnings results on Tuesday, June 9th. The company reported $0.07 EPS for the quarter, topping analysts’ consensus estimates of ($0.35) by $0.42. The company had revenue of $86.57 million for the quarter, compared to the consensus estimate of $96.30 million. BARK had a negative net margin of 9.88% and a negative return on equity of 42.27%. During the same period in the previous year, the firm earned $0.01 EPS. On average, equities analysts expect that BARK will post -1.2 EPS for the current year.

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.