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

Key Points

• BARK Inc was downgraded from a "hold" rating to a "sell" rating by analysts at Wall Street Zen, with Weiss Ratings also reaffirming a "sell (d-)" rating.
• The stock is currently trading at approximately $0.77, which is close to its one-year low, while the consensus price target remains at $2.63.
• Institutional investors hold 28.76% of BARK's shares, with notable recent activity including new stakes acquired by Byrne Asset Management LLC and Brevan Howard Capital Management LP.

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

Separately, Weiss Ratings reaffirmed a "sell (d-)" rating on shares of BARK in a research report on Wednesday. Two investment analysts have rated the stock with a Buy rating, one has given a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of "Hold" and a consensus price target of $2.63.

BARK Trading Down 8.9%

NYSE BARK opened at $0.77 on Friday. The firm's fifty day moving average price is $0.84 and its two-hundred day moving average price is $1.02. BARK has a 1 year low of $0.77 and a 1 year high of $2.56. The firm has a market capitalization of $131.49 million, a P/E ratio of -4.55 and a beta of 1.86.

Institutional Investors Weigh In On BARK

Large investors have recently bought and sold shares of the company. Byrne Asset Management LLC acquired a new stake in BARK during the second quarter worth about $30,000. Brevan Howard Capital Management LP acquired a new stake in BARK during the second quarter worth about $32,000. CWM LLC lifted its holdings in shares of BARK by 100.1% in the second quarter. CWM LLC now owns 42,221 shares of the company's stock worth $37,000 after acquiring an additional 21,118 shares during the last quarter. NewEdge Advisors LLC bought a new position in shares of BARK in the first quarter worth about $65,000. Finally, R Squared Ltd lifted its holdings in shares of BARK by 195.5% in the second quarter. R Squared Ltd now owns 47,873 shares of the company's stock worth $42,000 after acquiring an additional 31,673 shares during 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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