BARK, Inc. (BARK) - What Are Brokerages Saying About This Stock?

Key Points

• Analyst sentiment is mixed: Five firms collectively rate BARK a “Hold,” with one sell, two hold, and two buy recommendations. The average 12-month price target is $15.33.
• Institutional ownership increased: Renaissance Technologies nearly doubled its position in the first quarter, while institutional investors and hedge funds collectively own 28.76% of BARK.
• BARK remains financially challenged: Shares opened at $8.03, near their 12-month low of $7.98, and the company reported negative net margins and return on equity despite beating quarterly revenue and EPS estimates.

BARK, Inc. (NYSE:BARK - Get Free Report) has been assigned a consensus recommendation of "Hold" from the five ratings firms that are presently covering the stock, MarketBeat Ratings reports. One investment analyst has rated the stock with a sell recommendation, two have given a hold recommendation and two have issued a buy recommendation on the company. The average 1-year price objective among analysts that have issued ratings on the stock in the last year is $15.33.

BARK has been the topic of several recent analyst reports. Weiss Ratings upgraded shares of BARK from a "sell (e+)" rating to a "sell (d-)" rating in a research note on Tuesday, October 6th. Wall Street Zen raised shares of BARK from a "sell" rating to a "hold" rating in a report on Sunday, July 12th.

Institutional Inflows and Outflows

An institutional investor recently raised its position in BARK stock. Renaissance Technologies LLC boosted its holdings in shares of BARK, Inc. (NYSE:BARK - Free Report) by 98.7% in the 1st quarter, according to its most recent Form 13F filing with the SEC. The firm owned 191,700 shares of the company's stock after buying an additional 95,200 shares during the period. Renaissance Technologies LLC owned approximately 2.22% of BARK worth $97,000 as of its most recent SEC filing. Institutional investors and hedge funds own 28.76% of the company's stock.

BARK Stock Down 0.2%

BARK stock opened at $8.03 on Wednesday. The firm has a market capitalization of $72.48 million, a PE ratio of -2.24 and a beta of 1.98. BARK has a twelve month low of $7.98 and a twelve month high of $20.79. The stock has a 50-day simple moving average of $9.47 and a two-hundred day simple moving average of $9.47.

BARK (NYSE:BARK - Get Free Report) last announced its quarterly earnings results on Thursday, August 6th. The company reported $0.08 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of ($0.40) by $0.48. BARK had a negative net margin of 8.42% and a negative return on equity of 35.66%. The firm had revenue of $78.81 million for the quarter, compared to the consensus estimate of $77.50 million.

BARK Company Profile

BARK, Inc is a pet products company focused on dogs and their owners. The company develops and sells toys, treats, food and other products designed around dogs' health, wellness and enjoyment.

BARK offers its products through multiple brands and channels, including BARKBox, a subscription service that delivers curated toys and treats; Super Chewer, which features more durable toys and treats; and BARK Bright, an oral-care product line. The company also sells products through its website, retail partners and other distribution channels.

Founded in 2011, BARK initially built its business around subscription-based dog products before expanding into a broader omnichannel pet-products platform.

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