BARK, Inc. (NYSE:BARK) Receives Average Recommendation of "Hold" from Brokerages

Shares of BARK, Inc. (NYSE:BARK - Get Free Report) have received an average rating of "Hold" from the five analysts that are currently covering the firm, MarketBeat.com reports. One 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 12 month price objective among analysts that have updated their coverage on the stock in the last year is $15.3333.

BARK has been the subject of several research analyst reports. Jefferies Financial Group reiterated a "buy" rating and issued a $19.00 price objective on shares of BARK in a research note on Thursday, June 11th. Lake Street Capital set a $12.00 target price on shares of BARK and gave the stock a "buy" rating in a research note on Wednesday, June 10th. Wall Street Zen upgraded shares of BARK from a "sell" rating to a "hold" rating in a report on Sunday, July 12th. Finally, Weiss Ratings reaffirmed a "sell (e+)" rating on shares of BARK in a research note on Monday, August 3rd.

BARK Price Performance

NYSE BARK opened at $10.21 on Tuesday. The business has a 50 day simple moving average of $9.70 and a 200 day simple moving average of $11.09. BARK has a one year low of $8.15 and a one year high of $20.79. The stock has a market capitalization of $92.18 million, a P/E ratio of -2.85 and a beta of 1.95.

BARK (NYSE:BARK - Get Free Report) last issued its quarterly earnings results on Thursday, August 6th. The company reported $0.08 earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.40) by $0.48. The firm had revenue of $78.81 million for the quarter, compared to analyst estimates of $77.50 million. BARK had a negative return on equity of 35.66% and a negative net margin of 8.42%. Equities analysts expect that BARK will post -1.2 earnings per share for the current year.

Institutional Trading of BARK

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in BARK. Cerity Partners LLC boosted its holdings 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 acquiring an additional 20,359 shares in the last quarter. Bank of America Corp DE raised its position in shares of BARK by 18.7% during the first quarter. Bank of America Corp DE now owns 135,548 shares of the company's stock worth $69,000 after purchasing an additional 21,325 shares during the period. Brevan Howard Capital Management LP acquired a new position in shares of BARK during the second quarter worth approximately $32,000. BNP Paribas Financial Markets lifted its holdings in shares of BARK by 323.4% in the 3rd quarter. BNP Paribas Financial Markets now owns 50,438 shares of the company's stock worth $42,000 after purchasing an additional 38,526 shares in the last quarter. Finally, Wells Fargo & Company MN lifted its holdings in shares of BARK by 74.9% in the 4th quarter. Wells Fargo & Company MN now owns 106,808 shares of the company's stock worth $64,000 after purchasing an additional 45,737 shares in the last quarter. 28.76% of the stock is owned by institutional investors.

BARK Company Profile

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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