BARK (NYSE:BARK) Given "Sell (D-)" Rating at Weiss Ratings

Key Points

• BARK (NYSE:BARK) has been given a "Sell (D-)" rating by Weiss Ratings, indicating poor prospects for the stock according to their analysis.
• In contrast, Wall Street Zen has recently upgraded BARK from a "sell" to a "hold" rating, showing some differing opinions among analysts about the stock's future performance.
• BARK currently has a consensus rating of "Hold" with a price target of $2.63 and has seen significant changes in institutional holdings, with one major investor increasing their stake by over 1,150% recently.

BARK (NYSE:BARK - Get Free Report)'s stock had its "sell (d-)" rating reissued by research analysts at Weiss Ratings in a note issued to investors on Wednesday,Weiss Ratings reports.

Separately, Wall Street Zen upgraded BARK from a "sell" rating to a "hold" rating in a research note on Friday, October 3rd. Two research analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, BARK presently has a consensus rating of "Hold" and a consensus price target of $2.63.

BARK Stock Performance

BARK stock traded up $0.00 during midday trading on Wednesday, hitting $0.78. 474,827 shares of the company's stock were exchanged, compared to its average volume of 1,002,734. The stock's fifty day moving average price is $0.85 and its 200-day moving average price is $1.03. BARK has a one year low of $0.77 and a one year high of $2.56. The company has a market cap of $133.22 million, a PE ratio of -4.61 and a beta of 1.86.

Institutional Trading of BARK

Several large investors have recently made changes to their positions in BARK. Prescott Group Capital Management L.L.C. grew its stake in shares of BARK by 1,150.5% in the 2nd quarter. Prescott Group Capital Management L.L.C. now owns 1,974,218 shares of the company's stock valued at $1,736,000 after buying an additional 1,816,345 shares during the period. Nuveen LLC bought a new position in shares of BARK during the 1st quarter worth approximately $589,000. Murchinson Ltd. raised its holdings in shares of BARK by 150.7% in the 2nd quarter. Murchinson Ltd. now owns 410,043 shares of the company's stock worth $361,000 after purchasing an additional 246,500 shares during the period. Arrowstreet Capital Limited Partnership raised its holdings in shares of BARK by 15.7% in the 2nd quarter. Arrowstreet Capital Limited Partnership now owns 1,692,503 shares of the company's stock worth $1,489,000 after purchasing an additional 230,131 shares during the period. Finally, AQR Capital Management LLC grew its stake in BARK by 627.8% in the 1st quarter. AQR Capital Management LLC now owns 154,257 shares of the company's stock valued at $214,000 after buying an additional 133,061 shares in the last quarter. 28.76% of the stock is currently owned by institutional investors and hedge funds.

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.

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