BARK (NYSE:BARK) Raised to Hold at Wall Street Zen

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

BARK has been the subject of a number of other research reports. Jefferies Financial Group lowered their target price on BARK from $4.00 to $3.00 and set a "buy" rating for the company in a research note on Thursday, June 5th. Canaccord Genuity Group lowered their price objective on BARK from $2.50 to $2.00 and set a "hold" rating for the company in a research report on Thursday, June 5th.

BARK Price Performance

NYSE:BARK traded up $0.03 during trading hours on Friday, hitting $0.94. The company had a trading volume of 530,838 shares, compared to its average volume of 924,720. The stock has a 50-day moving average price of $1.06 and a 200 day moving average price of $1.45. The company has a market capitalization of $158.37 million, a PE ratio of -4.92 and a beta of 1.88. BARK has a 52 week low of $0.77 and a 52 week high of $2.56.

BARK (NYSE:BARK - Get Free Report) last announced its quarterly earnings results on Wednesday, June 4th. The company reported $0.01 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.01. BARK had a negative net margin of 6.79% and a negative return on equity of 14.70%. The company had revenue of $115.41 million for the quarter, compared to analysts' expectations of $126.74 million. Analysts anticipate that BARK will post -0.09 EPS for the current fiscal year.

Insiders Place Their Bets

In other BARK news, CFO Zahir Ibrahim bought 58,823 shares of the stock in a transaction dated Friday, June 13th. The stock was purchased at an average cost of $0.86 per share, for a total transaction of $50,587.78. Following the completion of the acquisition, the chief financial officer owned 364,378 shares of the company's stock, valued at approximately $313,365.08. This trade represents a 19.25% increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Insiders have bought a total of 139,378 shares of company stock valued at $125,337 in the last 90 days. 14.80% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in BARK. US Bancorp DE bought a new position in shares of BARK during the fourth quarter valued at $31,000. American Century Companies Inc. purchased a new stake in BARK during the 4th quarter valued at about $49,000. BNP Paribas Financial Markets purchased a new stake in BARK during the 4th quarter valued at about $57,000. NewEdge Advisors LLC bought a new stake in BARK during the 1st quarter valued at about $65,000. Finally, ProShare Advisors LLC raised its holdings in BARK by 46.0% in the fourth 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 last quarter. Hedge funds and other institutional investors own 28.76% of the company's stock.

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.