BARK (NYSE:BARK) Raised to "Hold" 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 stock analysts at Wall Street Zen from a "sell" rating to a "hold" rating in a research report issued on Saturday.

BARK has been the topic of several other reports. Canaccord Genuity Group reduced their target price on BARK from $2.50 to $2.00 and set a "hold" rating on the stock in a report on Thursday, June 5th. Jefferies Financial Group reduced 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. Two investment analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company. According to MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $2.63.

BARK Stock Performance

Shares of BARK stock traded up $0.04 during trading hours on Friday, hitting $0.86. The company's stock had a trading volume of 464,750 shares, compared to its average volume of 655,283. BARK has a 12-month low of $0.77 and a 12-month high of $2.56. The business has a 50 day moving average price of $0.89 and a two-hundred day moving average price of $1.09. The company has a market cap of $145.35 million, a PE ratio of -5.03 and a beta of 1.88.

Institutional Trading of BARK

Hedge funds have recently bought and sold shares of the stock. BNP Paribas Financial Markets purchased a new stake in BARK during the fourth quarter worth $57,000. Byrne Asset Management LLC purchased a new stake in BARK during the second quarter worth $30,000. ProShare Advisors LLC lifted its holdings in BARK by 46.0% during 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 period. Brevan Howard Capital Management LP purchased a new stake in BARK during the second quarter worth $32,000. Finally, CWM LLC lifted its holdings in BARK by 100.1% during the second quarter. CWM LLC now owns 42,221 shares of the company's stock worth $37,000 after buying an additional 21,118 shares during the period. Hedge funds and other institutional investors own 28.76% of the company's stock.

BARK Company Profile

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.