BARK (NYSE:BARK) Upgraded by Wall Street Zen to Hold Rating

Key Points

• BARK (NYSE:BARK) has been upgraded from a "sell" rating to a "hold" rating by Wall Street Zen, indicating a more optimistic outlook for the stock.
• Jefferies Financial Group and Canaccord Genuity both lowered their price targets for BARK, with Jefferies setting it at $3.00 and Canaccord at $2.00, while the stock's consensus rating remains "Hold" with an average price target of $2.63.
• Institutional investors have increased their stakes in BARK significantly, with Bank of America Corp DE and Two Sigma Investments LP reporting substantial percentage increases in their holdings during the fourth quarter.

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 Friday.

A number of other research analysts also recently commented on the stock. Jefferies Financial Group dropped their target price on shares of BARK from $4.00 to $3.00 and set a "buy" rating on the stock in a research report on Thursday, June 5th. Canaccord Genuity Group dropped their target price on shares of BARK from $2.50 to $2.00 and set a "hold" rating on the stock in a research report on Thursday, June 5th. Finally, Weiss Ratings reissued a "sell (d-)" rating on shares of BARK in a research report on Saturday, September 27th. Two research analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of "Hold" and an average price target of $2.63.

BARK Price Performance

Shares of BARK traded down $0.01 during midday trading on Friday, reaching $0.80. The stock had a trading volume of 761,290 shares, compared to its average volume of 733,219. BARK has a 1-year low of $0.77 and a 1-year high of $2.56. The company's fifty day simple moving average is $0.85 and its two-hundred day simple moving average is $1.04. The company has a market cap of $136.24 million, a price-to-earnings ratio of -4.72 and a beta of 1.86.

Institutional Trading of BARK

Several hedge funds and other institutional investors have recently made changes to their positions in BARK. Bank of America Corp DE lifted its stake in shares of BARK by 39.5% in the fourth quarter. Bank of America Corp DE now owns 354,595 shares of the company's stock valued at $652,000 after purchasing an additional 100,435 shares during the period. Two Sigma Investments LP lifted its stake in shares of BARK by 94.5% in the fourth quarter. Two Sigma Investments LP now owns 138,960 shares of the company's stock valued at $256,000 after purchasing an additional 67,513 shares during the period. Squarepoint Ops LLC lifted its stake in shares of BARK by 169.9% in the fourth quarter. Squarepoint Ops LLC now owns 115,728 shares of the company's stock valued at $213,000 after purchasing an additional 72,849 shares during the period. Public Employees Retirement System of Ohio acquired a new stake in shares of BARK in the fourth quarter valued at about $182,000. Finally, XTX Topco Ltd lifted its stake in shares of BARK by 71.1% in the first quarter. XTX Topco Ltd now owns 211,693 shares of the company's stock valued at $294,000 after purchasing an additional 87,977 shares during the period. 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.

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