BARK (NYSE:BARK) Upgraded 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.

Other analysts have also issued research reports about the stock. Canaccord Genuity Group dropped their price objective on shares of BARK from $2.50 to $2.00 and set a "hold" rating on the stock in a research note on Thursday, June 5th. Jefferies Financial Group cut their price objective on BARK from $4.00 to $3.00 and set a "buy" rating on the stock in a research note on Thursday, June 5th.

BARK Stock Down 2.9%

NYSE:BARK opened at $0.91 on Friday. The company has a market cap of $154.26 million, a P/E ratio of -4.79 and a beta of 1.88. The firm's 50 day moving average is $1.07 and its two-hundred day moving average is $1.47. BARK has a fifty-two week low of $0.77 and a fifty-two week high of $2.56.

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

Insider Buying and Selling

In other news, CFO Zahir Ibrahim purchased 58,823 shares of BARK stock in a transaction dated Friday, June 13th. The stock was bought at an average price of $0.86 per share, with a total value of $50,587.78. Following the completion of the acquisition, the chief financial officer owned 364,378 shares in the company, valued at $313,365.08. The trade was a 19.25% increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. In the last ninety days, insiders acquired 139,378 shares of company stock worth $125,337. 14.80% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in BARK. US Bancorp DE bought a new position in BARK during the 4th quarter valued at $31,000. American Century Companies Inc. purchased a new position in BARK during the 4th quarter valued at about $49,000. BNP Paribas Financial Markets purchased a new stake in BARK in the 4th quarter worth approximately $57,000. NewEdge Advisors LLC purchased a new stake in shares of BARK during the first quarter worth $65,000. Finally, ProShare Advisors LLC lifted its holdings in shares of BARK by 46.0% during the 4th quarter. ProShare Advisors LLC now owns 36,568 shares of the company's stock valued at $67,000 after buying an additional 11,520 shares during the last quarter. Institutional investors and hedge funds 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.

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