BARK (NYSE:BARK) Reaches New 12-Month Low - Here's What Happened

Key Points

• BARK shares hit a new 52-week low on Wednesday amid heavy volume, trading as low as $0.4974 and last reported at $10.80 after a prior close of $10.1320.
• Analysts are split but the stock has an average rating of "Hold" with a consensus price target of $40.00, despite several individual targets around $30 and one sell rating.
• In the most recent quarter BARK posted a $(0.60) EPS (beating estimates by $0.20) while revenue of $98.45M missed expectations, and the company remains unprofitable with a negative net margin (-7.65%) and ROE (-25.73%).

BARK, Inc. (NYSE:BARK - Get Free Report) shares hit a new 52-week low on Wednesday . The company traded as low as $0.4974 and last traded at $10.80, with a volume of 1764560 shares trading hands. The stock had previously closed at $10.1320.

Wall Street Analyst Weigh In

A number of analysts have recently commented on the company. Canaccord Genuity Group set a $30.00 price objective on BARK in a report on Friday, February 6th. Lake Street Capital set a $30.00 target price on BARK in a report on Friday, February 6th. Zacks Research raised BARK to a "hold" rating in a research report on Tuesday, January 20th. Finally, Wall Street Zen upgraded BARK from a "sell" rating to a "hold" rating in a research note on Saturday, February 21st. One equities research analyst has rated the stock with a Buy rating, two have given a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, BARK currently has an average rating of "Hold" and a consensus price target of $40.00.

BARK Stock Up 1,962.6%

The firm's 50 day simple moving average is $0.78 and its 200-day simple moving average is $0.76. The company has a market capitalization of $1.81 billion, a PE ratio of -56.81 and a beta of 1.91.

BARK (NYSE:BARK - Get Free Report) last issued its earnings results on Thursday, February 5th. The company reported ($0.60) EPS for the quarter, beating analysts' consensus estimates of ($0.80) by $0.20. BARK had a negative net margin of 7.65% and a negative return on equity of 25.73%. The business had revenue of $98.45 million for the quarter, compared to the consensus estimate of $102.63 million. As a group, sell-side analysts anticipate that BARK, Inc. will post -0.09 EPS for the current fiscal year.

Institutional Investors Weigh In On BARK

A number of large investors have recently modified their holdings of BARK. Brevan Howard Capital Management LP purchased a new stake in shares of BARK during the 2nd quarter valued at about $32,000. XTX Topco Ltd purchased a new position in BARK in the 4th quarter worth approximately $38,000. SG Americas Securities LLC acquired a new stake in BARK in the third quarter valued at approximately $41,000. BNP Paribas Financial Markets raised its stake in shares of BARK by 323.4% during the third quarter. BNP Paribas Financial Markets now owns 50,438 shares of the company's stock valued at $42,000 after purchasing an additional 38,526 shares during the period. Finally, Cerity Partners LLC raised its stake in shares of BARK by 58.1% during the second quarter. Cerity Partners LLC now owns 55,405 shares of the company's stock valued at $49,000 after purchasing an additional 20,359 shares during the period. Institutional investors and hedge funds own 28.76% of the company's stock.

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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