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

Key Points

• BARK was downgraded to a "sell" by Wall Street Zen, though analyst consensus remains mixed with one Buy, two Holds and one Sell and an average MarketBeat rating of "Hold" and price target of $35.00.
• The stock is trading near $9.55 with a market cap of about $82.5 million, a negative trailing P/E (-2.65), a 1-year range of $8.15–$28.40, and 50-/200-day moving averages of $12.90 and $14.39 respectively.
• BARK operates subscription and e‑commerce businesses for dog products, led by its flagship BarkBox service and the BarkShop online storefront.

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

A number of other equities analysts have also weighed in on the stock. Lake Street Capital set a $30.00 target price on shares of BARK in a research note on Friday, February 6th. Canaccord Genuity Group reduced their target price on shares of BARK from $30.00 to $15.00 and set a "hold" rating for the company in a research note on Thursday, April 2nd. Finally, Zacks Research raised shares of BARK to a "hold" rating in a research note on Tuesday, January 20th. One investment analyst has rated the stock with a Buy rating, two have given a Hold rating and one has given a Sell rating to the company's stock. According to MarketBeat.com, the stock has an average rating of "Hold" and an average price target of $35.00.

BARK Trading Up 1.1%

Shares of NYSE BARK opened at $9.55 on Friday. The firm has a market cap of $82.51 million, a PE ratio of -2.65 and a beta of 2.07. BARK has a 1-year low of $8.15 and a 1-year high of $28.40. The company has a fifty day moving average price of $12.90 and a 200 day moving average price of $14.39.

Institutional Investors Weigh In On BARK

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Brevan Howard Capital Management LP bought a new stake in BARK during the 2nd quarter worth about $32,000. XTX Topco Ltd bought a new stake in BARK during the 4th quarter worth about $38,000. SG Americas Securities LLC bought a new stake in BARK during the 3rd quarter worth about $41,000. BNP Paribas Financial Markets lifted its position in BARK by 323.4% during the 3rd quarter. BNP Paribas Financial Markets now owns 50,438 shares of the company's stock worth $42,000 after buying an additional 38,526 shares in the last quarter. Finally, Cerity Partners LLC lifted its position in BARK by 58.1% during the 2nd quarter. Cerity Partners LLC now owns 55,405 shares of the company's stock worth $49,000 after buying an additional 20,359 shares in the last quarter. 28.76% of the stock is owned by institutional investors.

About BARK

BARK is a consumer products and services company focused on the canine market, offering a suite of subscription-based and direct‐to‐consumer offerings designed to meet the everyday needs of dogs and their owners. The company's core business revolves around carefully curated boxes of toys, treats and chews, which are delivered monthly to subscribers through its flagship BarkBox service. Over time, BARK has expanded its reach beyond subscription, tapping into e-commerce and wholesale channels to broaden its customer base.

In addition to BarkBox, the company operates BarkShop, an online storefront that allows customers to purchase toys, grooming supplies and nutrition products on an a la carte basis.

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