BARK (NYSE:BARK - Get Free Report) had its target price lowered by investment analysts at Canaccord Genuity Group from $2.50 to $2.00 in a note issued to investors on Thursday,Benzinga reports. The brokerage presently has a "hold" rating on the stock. Canaccord Genuity Group's price objective indicates a potential upside of 109.21% from the company's previous close.
BARK Stock Performance
BARK traded down $0.39 on Thursday, reaching $0.96. The company had a trading volume of 15,157,897 shares, compared to its average volume of 880,825. The stock has a market cap of $167.22 million, a P/E ratio of -5.03 and a beta of 2.01. BARK has a fifty-two week low of $0.95 and a fifty-two week high of $2.56. The company's fifty day moving average is $1.25 and its 200 day moving average is $1.65.
BARK (NYSE:BARK - Get Free Report) last posted its earnings results on Wednesday, June 4th. The company reported $0.01 EPS for the quarter, meeting the consensus estimate of $0.01. The company had revenue of $115.41 million for the quarter, compared to the consensus estimate of $126.74 million. BARK had a negative return on equity of 15.34% and a negative net margin of 6.47%. On average, sell-side analysts expect that BARK will post -0.09 EPS for the current year.
Institutional Investors Weigh In On BARK
A number of institutional investors have recently modified their holdings of BARK. Murchinson Ltd. bought a new stake in shares of BARK in the first quarter valued at approximately $227,000. NewEdge Advisors LLC acquired a new position in BARK in the 1st quarter valued at $65,000. AQR Capital Management LLC lifted its position in shares of BARK by 627.8% during the 1st quarter. AQR Capital Management LLC now owns 154,257 shares of the company's stock valued at $214,000 after acquiring an additional 133,061 shares during the period. State of Wyoming bought a new stake in shares of BARK during the 1st quarter valued at $176,000. Finally, EntryPoint Capital LLC grew its holdings in shares of BARK by 48.4% during the 1st quarter. EntryPoint Capital LLC now owns 191,930 shares of the company's stock worth $267,000 after purchasing an additional 62,571 shares in the last quarter. Institutional investors own 28.76% of the company's stock.
About BARK
(
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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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