BARK (NYSE:BARK) Upgraded at Wall Street Zen

Key Points

• BARK's stock was upgraded from a "sell" to a "hold" rating by Wall Street Zen, indicating a potential stabilization in its investment outlook.
• Jefferies Financial Group reduced its price target on BARK from $4.00 to $3.00, maintaining a "buy" rating amidst changing analyst views.
• BARK has seen significant institutional activity, with Prescott Group Capital Management increasing its holdings by over 1,150% recently.

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 report issued on Saturday.

A number of other research firms have also recently weighed in on BARK. Jefferies Financial Group dropped their price target on BARK from $4.00 to $3.00 and set a "buy" rating for the company in a report on Thursday, June 5th. Canaccord Genuity Group decreased their price objective on BARK from $2.50 to $2.00 and set a "hold" rating on the stock in a research report on Thursday, June 5th. Two equities research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company. According to data from MarketBeat.com, BARK presently has an average rating of "Moderate Buy" and an average price target of $2.63.

BARK Trading Down 1.3%

Shares of BARK opened at $0.88 on Friday. BARK has a 1 year low of $0.77 and a 1 year high of $2.56. The stock has a 50 day simple moving average of $0.90 and a 200-day simple moving average of $1.11. The stock has a market cap of $149.83 million, a PE ratio of -5.19 and a beta of 1.88.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently added to or reduced their stakes in BARK. Prescott Group Capital Management L.L.C. lifted its holdings in BARK by 1,150.5% during the second quarter. Prescott Group Capital Management L.L.C. now owns 1,974,218 shares of the company's stock worth $1,736,000 after acquiring an additional 1,816,345 shares in the last quarter. Jacobs Levy Equity Management Inc. acquired a new stake in shares of BARK in the 4th quarter valued at about $1,413,000. Nuveen LLC acquired a new stake in shares of BARK in the 1st quarter valued at about $589,000. Murchinson Ltd. raised its stake in shares of BARK by 150.7% in the 2nd quarter. Murchinson Ltd. now owns 410,043 shares of the company's stock valued at $361,000 after purchasing an additional 246,500 shares during the period. Finally, Ameriprise Financial Inc. acquired a new stake in shares of BARK in the 4th quarter valued at about $444,000. 28.76% of the stock is currently owned by institutional investors.

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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