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

Key Points

• Wall Street Zen upgraded BARK from a "sell" to a "hold" rating in a note to investors, and the stock was reported trading up about 2.8% around the publication.
• Analyst consensus is an overall Hold (1 Buy, 2 Hold, 1 Sell) with an average target of $35.00, though individual price targets range widely (e.g., Canaccord cut to $15, Lake Street at $30).
• Institutional activity has picked up: AQR increased its stake by 627.8% to 154,257 shares and Arrowstreet holds roughly 1.69 million shares, with institutions owning about 28.76% of the company.

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 note issued to investors on Sunday.

A number of other equities research analysts have also weighed in on the stock. Lake Street Capital set a $30.00 target price on shares of BARK in a research note on Friday, February 6th. Zacks Research raised shares of BARK to a "hold" rating in a report on Tuesday, January 20th. Finally, Canaccord Genuity Group dropped their price objective on shares of BARK from $30.00 to $15.00 and set a "hold" rating for the company in a report on Thursday, April 2nd. One research analyst has rated the stock with a Buy rating, two have given a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, the stock currently has an average rating of "Hold" and an average target price of $35.00.

BARK Trading Up 2.8%

Shares of NYSE BARK opened at $9.71 on Friday. The firm has a market cap of $83.85 million, a price-to-earnings ratio of -2.70 and a beta of 1.92. BARK has a 1-year low of $8.15 and a 1-year high of $28.40. The stock has a fifty day simple moving average of $12.41 and a two-hundred day simple moving average of $14.20.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in BARK. AQR Capital Management LLC lifted its holdings in shares of BARK by 627.8% in the 1st quarter. AQR Capital Management LLC now owns 154,257 shares of the company's stock valued at $214,000 after acquiring an additional 133,061 shares during the last quarter. NewEdge Advisors LLC bought a new stake in BARK in the first quarter worth about $65,000. Arrowstreet Capital Limited Partnership lifted its stake in BARK by 15.7% in the second quarter. Arrowstreet Capital Limited Partnership now owns 1,692,503 shares of the company's stock worth $1,489,000 after purchasing an additional 230,131 shares during the last quarter. Gabelli Funds LLC lifted its stake in BARK by 100.0% in the second quarter. Gabelli Funds LLC now owns 100,000 shares of the company's stock worth $88,000 after purchasing an additional 50,000 shares during the last quarter. Finally, Cerity Partners LLC lifted its stake in BARK by 58.1% in the second quarter. Cerity Partners LLC now owns 55,405 shares of the company's stock worth $49,000 after purchasing an additional 20,359 shares during the last quarter. Institutional investors own 28.76% of the company's stock.

About BARK

BARK is a consumer products and services company focused on the canine market, offering a suite of subscription-based and direct‐to‐consumer offerings designed to meet the everyday needs of dogs and their owners. The company's core business revolves around carefully curated boxes of toys, treats and chews, which are delivered monthly to subscribers through its flagship BarkBox service. Over time, BARK has expanded its reach beyond subscription, tapping into e-commerce and wholesale channels to broaden its customer base.

In addition to BarkBox, the company operates BarkShop, an online storefront that allows customers to purchase toys, grooming supplies and nutrition products on an a la carte basis.

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