BARK (NYSE:BARK) Price Target Cut to $3.00 by Analysts at Jefferies Financial Group

BARK (NYSE:BARK - Get Free Report) had its target price reduced by analysts at Jefferies Financial Group from $4.00 to $3.00 in a report issued on Thursday,Benzinga reports. The firm presently has a "buy" rating on the stock. Jefferies Financial Group's price target suggests a potential upside of 213.81% from the company's current price.

Separately, Canaccord Genuity Group dropped their price objective on shares of BARK from $2.50 to $2.00 and set a "hold" rating on the stock in a report on Thursday.

BARK Trading Down 29.2%

Shares of BARK stock traded down $0.39 during trading hours on Thursday, reaching $0.96. 15,157,897 shares of the stock were exchanged, compared to its average volume of 880,825. BARK has a 12-month low of $0.95 and a 12-month high of $2.56. The company's 50-day moving average price is $1.25 and its 200-day moving average price is $1.65. The firm has a market capitalization of $167.22 million, a price-to-earnings ratio of -5.03 and a beta of 2.01.

BARK (NYSE:BARK - Get Free Report) last posted its quarterly earnings results on Wednesday, June 4th. The company reported $0.01 EPS for the quarter, meeting 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%. On average, sell-side analysts expect that BARK will post -0.09 EPS for the current year.

Hedge Funds Weigh In On BARK

Several large investors have recently bought and sold shares of BARK. US Bancorp DE acquired a new position in shares of BARK in the 4th quarter valued at $31,000. American Century Companies Inc. purchased a new stake in shares of BARK in the 4th quarter worth about $49,000. BNP Paribas Financial Markets acquired a new position in BARK in the 4th quarter valued at about $57,000. NewEdge Advisors LLC acquired a new position in shares of BARK during the 1st quarter valued at about $65,000. Finally, ProShare Advisors LLC increased its stake in shares of BARK by 46.0% during 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 last quarter. Hedge funds and other institutional investors own 28.76% of the company's stock.

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.