BARK (NYSE:BARK) Lowered to "Sell" Rating by Wall Street Zen

BARK (NYSE:BARK - Get Free Report) was downgraded by analysts at Wall Street Zen from a "hold" rating to a "sell" rating in a research note issued on Friday.

Several other analysts also recently commented on BARK. Jefferies Financial Group reduced their price objective on BARK from $4.00 to $3.00 and set a "buy" rating for the company in a research note on Thursday. Canaccord Genuity Group lowered their target price on shares of BARK from $2.50 to $2.00 and set a "hold" rating on the stock in a research report on Thursday.

BARK Stock Down 1.1%

BARK stock traded down $0.01 during midday trading on Friday, reaching $0.94. The company's stock had a trading volume of 4,409,905 shares, compared to its average volume of 891,309. The business has a 50-day simple moving average of $1.24 and a 200-day simple moving average of $1.64. The company has a market cap of $164.61 million, a P/E ratio of -4.95 and a beta of 2.01. BARK has a fifty-two week low of $0.93 and a fifty-two week high of $2.56.

BARK (NYSE:BARK - Get Free Report) last released its quarterly earnings data on Wednesday, June 4th. The company reported $0.01 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.01. The company had revenue of $115.41 million during the quarter, compared to the consensus estimate 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, equities analysts forecast that BARK will post -0.09 earnings per share for the current year.

Hedge Funds Weigh In On BARK

Hedge funds have recently bought and sold shares of the stock. US Bancorp DE acquired a new position in shares of BARK in the fourth quarter valued at approximately $31,000. American Century Companies Inc. purchased a new stake in BARK during the 4th quarter worth $49,000. BNP Paribas Financial Markets acquired a new stake in shares of BARK in the fourth quarter valued at about $57,000. NewEdge Advisors LLC acquired a new stake in BARK in the first quarter valued at approximately $65,000. Finally, ProShare Advisors LLC increased its stake in BARK by 46.0% during the 4th quarter. ProShare Advisors LLC now owns 36,568 shares of the company's stock worth $67,000 after buying an additional 11,520 shares during the period. 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.

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