BARK, Inc. (NYSE:BARK) CFO Zahir Ibrahim Purchases 55,555 Shares

BARK, Inc. (NYSE:BARK - Get Free Report) CFO Zahir Ibrahim acquired 55,555 shares of BARK stock in a transaction that occurred on Monday, June 9th. The stock was acquired at an average cost of $0.90 per share, with a total value of $49,999.50. Following the purchase, the chief financial officer now directly owns 305,555 shares of the company's stock, valued at $274,999.50. This represents a 22.22% increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is accessible through this hyperlink.

BARK Trading Down 5.7%

Shares of BARK stock traded down $0.05 during trading hours on Friday, reaching $0.83. 1,602,548 shares of the company's stock were exchanged, compared to its average volume of 912,908. The stock's 50 day moving average is $1.19 and its 200-day moving average is $1.60. The company has a market cap of $139.70 million, a price-to-earnings ratio of -4.34 and a beta of 2.01. BARK, Inc. has a fifty-two week low of $0.82 and a fifty-two week high of $2.56.

BARK (NYSE:BARK - Get Free Report) last issued its quarterly earnings results on Wednesday, June 4th. The company reported $0.01 earnings per share (EPS) for the quarter, hitting analysts' consensus estimates of $0.01. The business had revenue of $115.41 million for the quarter, compared to the consensus estimate of $126.74 million. BARK had a negative return on equity of 15.34% and a negative net margin of 6.47%. Equities analysts anticipate that BARK, Inc. will post -0.09 EPS for the current year.

Hedge Funds Weigh In On BARK

A number of large investors have recently made changes to their positions in the business. US Bancorp DE acquired a new position in shares of BARK in the 4th quarter valued at $31,000. American Century Companies Inc. acquired a new position in shares of BARK in the 4th quarter valued at $49,000. BNP Paribas Financial Markets acquired a new position in shares of BARK in the 4th quarter valued at $57,000. NewEdge Advisors LLC acquired a new position in shares of BARK in the 1st quarter valued at $65,000. Finally, ProShare Advisors LLC increased its position in shares of BARK by 46.0% in the 4th quarter. ProShare Advisors LLC now owns 36,568 shares of the company's stock valued at $67,000 after acquiring an additional 11,520 shares during the period. 28.76% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of equities analysts recently commented on the stock. Jefferies Financial Group reduced their price objective on shares of BARK from $4.00 to $3.00 and set a "buy" rating for the company in a research note on Thursday, June 5th. Canaccord Genuity Group reduced their price objective on shares of BARK from $2.50 to $2.00 and set a "hold" rating for the company in a research note on Thursday, June 5th. Finally, Wall Street Zen downgraded BARK from a "hold" rating to a "sell" rating in a research report on Friday, June 6th.

BARK Company Profile

BARK Inc, a dog-centric company, provides products, services, and content for dogs. It operates in two segments, Direct to Consumer and Commerce. The company serves dogs through monthly subscription services. It is also involved in the design of playstyle-specific toys, satisfying treats, personal meal plans with supplements, and dog-first experiences designed to foster health and happiness of dogs everywhere.