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

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 shares were purchased at an average price of $0.90 per share, for a total transaction of $49,999.50. Following the completion of the purchase, the chief financial officer now directly owns 305,555 shares of the company's stock, valued at $274,999.50. The trade was a 22.22% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website.

BARK Trading Down 5.7%

BARK traded down $0.05 during trading on Friday, reaching $0.83. 1,602,548 shares of the company were exchanged, compared to its average volume of 912,201. BARK, Inc. has a 52 week low of $0.82 and a 52 week high of $2.56. The firm has a 50 day moving average of $1.19 and a 200 day moving average of $1.61. The stock has a market cap of $139.70 million, a P/E ratio of -4.34 and a beta of 2.01.

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

Institutional Trading of BARK

Several large investors have recently added to or reduced their stakes in the business. SG Americas Securities LLC raised its position in shares of BARK by 43.5% during the 4th quarter. SG Americas Securities LLC now owns 65,472 shares of the company's stock worth $120,000 after buying an additional 19,849 shares in the last quarter. US Bancorp DE bought a new stake in BARK during the fourth quarter worth approximately $31,000. Intech Investment Management LLC raised its holdings in BARK by 153.6% during the fourth quarter. Intech Investment Management LLC now owns 47,353 shares of the company's stock worth $87,000 after purchasing an additional 28,682 shares in the last quarter. Brooklyn FI LLC lifted its position in BARK by 5,886.9% in the fourth quarter. Brooklyn FI LLC now owns 19,712,256 shares of the company's stock worth $34,362,000 after purchasing an additional 19,383,002 shares during the period. Finally, Virtu Financial LLC bought a new position in BARK during the 4th quarter valued at $82,000. 28.76% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of analysts have weighed in on BARK shares. Canaccord Genuity Group dropped their target price on shares of BARK from $2.50 to $2.00 and set a "hold" rating on the stock in a report on Thursday, June 5th. Jefferies Financial Group decreased their price target on shares of BARK from $4.00 to $3.00 and set a "buy" rating for the company in a report on Thursday, June 5th. Finally, Wall Street Zen lowered shares of BARK from a "hold" rating to a "sell" rating in a research note 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.