JPMorgan Chase & Co. Acquires 1,189,918 Shares of BARK, Inc. (NYSE:BARK)

JPMorgan Chase & Co. lifted its position in shares of BARK, Inc. (NYSE:BARK - Free Report) by 464.0% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,446,340 shares of the company's stock after acquiring an additional 1,189,918 shares during the quarter. JPMorgan Chase & Co. owned approximately 0.83% of BARK worth $2,661,000 at the end of the most recent reporting period.

Several other hedge funds also recently modified their holdings of the company. US Bancorp DE acquired a new position in BARK during the 4th quarter worth about $31,000. American Century Companies Inc. acquired a new position in shares of BARK in the 4th quarter valued at about $49,000. Virtu Financial LLC acquired a new position in shares of BARK in the 4th quarter valued at about $82,000. Intech Investment Management LLC lifted its stake in shares of BARK by 153.6% in the 4th quarter. Intech Investment Management LLC now owns 47,353 shares of the company's stock valued at $87,000 after purchasing an additional 28,682 shares during the period. Finally, SG Americas Securities LLC lifted its stake in shares of BARK by 43.5% in the 4th quarter. SG Americas Securities LLC now owns 65,472 shares of the company's stock valued at $120,000 after purchasing an additional 19,849 shares during the period. Institutional investors and hedge funds own 28.76% of the company's stock.

BARK Stock Performance

Shares of BARK stock traded down $0.02 on Monday, hitting $1.18. The company had a trading volume of 514,732 shares, compared to its average volume of 824,803. BARK, Inc. has a 1 year low of $1.05 and a 1 year high of $2.56. The stock has a 50 day moving average of $1.42 and a 200-day moving average of $1.70. The stock has a market capitalization of $206.59 million, a price-to-earnings ratio of -6.22 and a beta of 1.96.

BARK (NYSE:BARK - Get Free Report) last released its quarterly earnings results on Wednesday, February 5th. The company reported ($0.04) EPS for the quarter, missing analysts' consensus estimates of ($0.02) by ($0.02). BARK had a negative net margin of 6.47% and a negative return on equity of 15.34%. Equities analysts anticipate that BARK, Inc. will post -0.09 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of brokerages recently commented on BARK. Lake Street Capital set a $3.00 target price on BARK in a research report on Tuesday, January 14th. Citigroup boosted their target price on BARK from $2.00 to $2.50 and gave the company a "buy" rating in a research report on Friday, January 3rd.

BARK 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.