Insider Buying: BARK, Inc. (NYSE:BARK) Chairman Acquires 25,000 Shares of Stock

BARK, Inc. (NYSE:BARK - Get Free Report) Chairman Matt Meeker purchased 25,000 shares of the firm's stock in a transaction on Friday, June 6th. The shares were purchased at an average price of $0.99 per share, with a total value of $24,750.00. Following the completion of the acquisition, the chairman now directly owns 10,784,653 shares of the company's stock, valued at approximately $10,676,806.47. This trade represents a 0.23% increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link.

BARK Stock Up 2.1%

BARK traded up $0.02 during trading on Thursday, hitting $0.88. The company's stock had a trading volume of 1,480,368 shares, compared to its average volume of 909,289. The stock has a market capitalization of $148.74 million, a price-to-earnings ratio of -4.62 and a beta of 2.01. The firm's 50 day moving average price is $1.21 and its two-hundred day moving average price is $1.62. BARK, Inc. has a 12 month low of $0.84 and a 12 month 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 the consensus estimate of $0.01. BARK had a negative net margin of 6.47% and a negative return on equity of 15.34%. The business had revenue of $115.41 million for the quarter, compared to the consensus estimate of $126.74 million. On average, sell-side analysts forecast that BARK, Inc. will post -0.09 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of brokerages have weighed in on BARK. Jefferies Financial Group reduced 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. Canaccord Genuity Group lowered their price target on BARK from $2.50 to $2.00 and set a "hold" rating on the stock in a research report on Thursday, June 5th. Finally, Wall Street Zen downgraded shares of BARK from a "hold" rating to a "sell" rating in a report on Friday, June 6th.

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the company. Murchinson Ltd. bought a new stake in shares of BARK during the first quarter worth $227,000. NewEdge Advisors LLC acquired a new stake in BARK in the first quarter worth about $65,000. AQR Capital Management LLC raised its holdings in BARK by 627.8% during the 1st quarter. AQR Capital Management LLC now owns 154,257 shares of the company's stock worth $214,000 after purchasing an additional 133,061 shares during the last quarter. State of Wyoming acquired a new position in BARK during the 1st quarter valued at about $176,000. Finally, EntryPoint Capital LLC lifted its position in BARK by 48.4% during the 1st quarter. EntryPoint Capital LLC now owns 191,930 shares of the company's stock valued at $267,000 after purchasing an additional 62,571 shares during the period. 28.76% of the stock is currently owned by institutional investors.

About BARK

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.