BARK, Inc. (NYSE:BARK) Given Average Rating of "Hold" by Brokerages

Key Points

• BARK has a consensus “Hold” rating from five analysts, split between one sell, two hold and two buy recommendations. The average 12-month price target is $15.33, compared with the stock’s recent price of $8.85.
• Recent analyst actions were mixed: Jefferies maintained a buy rating with a $19 target, while Lake Street issued a buy rating with a $12 target; other ratings were upgraded from sell to hold or remained negative.
• BARK’s latest quarterly results beat expectations, reporting $0.08 earnings per share versus a $0.40 loss estimate and revenue of $78.81 million versus $77.50 million expected. However, the company remains unprofitable, with a negative net margin and analysts forecasting a full-year loss.

Shares of BARK, Inc. (NYSE:BARK - Get Free Report) have received a consensus rating of "Hold" from the five brokerages that are covering the company, Marketbeat Ratings reports. One investment analyst has rated the stock with a sell recommendation, two have assigned a hold recommendation and two have given a buy recommendation to the company. The average 12-month price target among analysts that have covered the stock in the last year is $15.3333.

BARK has been the subject of a number of recent analyst reports. Jefferies Financial Group reiterated a "buy" rating and issued a $19.00 price target on shares of BARK in a research note on Thursday, June 11th. Wall Street Zen upgraded shares of BARK from a "sell" rating to a "hold" rating in a research note on Sunday, July 12th. Lake Street Capital set a $12.00 target price on shares of BARK and gave the company a "buy" rating in a report on Wednesday, June 10th. Finally, Weiss Ratings upgraded shares of BARK from a "sell (e+)" rating to a "sell (d-)" rating in a research note on Wednesday, September 2nd.

Institutional Trading of BARK

Several institutional investors and hedge funds have recently bought and sold shares of BARK. Nano Cap New Millennium Growth Fund L P acquired a new stake in shares of BARK in the fourth quarter valued at approximately $1,088,000. Renaissance Technologies LLC raised its stake in BARK by 98.7% in the 1st quarter. Renaissance Technologies LLC now owns 191,700 shares of the company's stock valued at $97,000 after acquiring an additional 95,200 shares during the period. Finally, Bank of America Corp DE lifted its holdings in BARK by 18.7% during the 1st quarter. Bank of America Corp DE now owns 135,548 shares of the company's stock valued at $69,000 after purchasing an additional 21,325 shares during the last quarter. Institutional investors own 28.76% of the company's stock.

BARK Trading Down 1.0%

BARK stock opened at $8.85 on Friday. The stock has a market cap of $79.92 million, a PE ratio of -2.47 and a beta of 1.97. The stock has a 50-day moving average price of $9.78 and a two-hundred day moving average price of $10.34. BARK has a 1 year low of $8.15 and a 1 year high of $20.79.

BARK (NYSE:BARK - Get Free Report) last posted its quarterly earnings data on Thursday, August 6th. The company reported $0.08 earnings per share for the quarter, topping the consensus estimate of ($0.40) by $0.48. The company had revenue of $78.81 million during the quarter, compared to analysts' expectations of $77.50 million. BARK had a negative return on equity of 35.66% and a negative net margin of 8.42%. On average, analysts forecast that BARK will post -1.2 earnings per share for the current fiscal year.

BARK Company Profile

BARK, Inc is a pet products company focused on dogs and their owners. The company develops and sells toys, treats, food, dental products and other dog-related merchandise through its direct-to-consumer digital channels, subscription services and selected retail partners.

Its brands and services include BarkBox, a subscription program that delivers themed assortments of dog toys and treats; Super Chewer, which offers more durable toys and products; and BARK Bright, a line of dental care products.

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