Ameriprise Financial Inc. Takes $444,000 Position in BARK, Inc. (NYSE:BARK)

Ameriprise Financial Inc. bought a new stake in shares of BARK, Inc. (NYSE:BARK - Free Report) in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor bought 241,425 shares of the company's stock, valued at approximately $444,000. Ameriprise Financial Inc. owned about 0.14% of BARK at the end of the most recent quarter.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. JPMorgan Chase & Co. boosted its position in shares of BARK by 464.0% in the fourth quarter. JPMorgan Chase & Co. now owns 1,446,340 shares of the company's stock worth $2,661,000 after purchasing an additional 1,189,918 shares during the period. Renaissance Technologies LLC boosted its position in shares of BARK by 183.3% in the fourth quarter. Renaissance Technologies LLC now owns 1,257,898 shares of the company's stock worth $2,315,000 after purchasing an additional 813,880 shares during the period. Arrowstreet Capital Limited Partnership boosted its position in shares of BARK by 373.6% in the fourth quarter. Arrowstreet Capital Limited Partnership now owns 1,589,523 shares of the company's stock worth $2,925,000 after purchasing an additional 1,253,876 shares during the period. Brooklyn FI LLC boosted its position in shares of BARK by 5,886.9% in the fourth quarter. Brooklyn FI LLC now owns 19,712,256 shares of the company's stock worth $34,362,000 after purchasing an additional 19,383,002 shares during the period. Finally, LPL Financial LLC bought a new position in shares of BARK in the fourth quarter worth approximately $606,000. 28.76% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

BARK has been the subject of a number of recent analyst reports. Jefferies Financial Group dropped their price target on shares of BARK from $4.00 to $3.00 and set a "buy" rating for the company in a research report on Thursday. Wall Street Zen lowered shares of BARK from a "hold" rating to a "sell" rating in a research report on Friday. Finally, Canaccord Genuity Group dropped their target price on shares of BARK from $2.50 to $2.00 and set a "hold" rating for the company in a research report on Thursday.

BARK Trading Down 1.1%

Shares of NYSE:BARK traded down $0.01 during midday trading on Friday, reaching $0.94. 4,409,905 shares of the company were exchanged, compared to its average volume of 890,542. The business's fifty day moving average is $1.24 and its two-hundred day moving average is $1.64. BARK, Inc. has a one year low of $0.93 and a one year high of $2.56. The stock has a market cap of $164.61 million, a PE ratio of -4.95 and a beta of 2.01.

BARK (NYSE:BARK - Get Free Report) last released its quarterly earnings results on Wednesday, June 4th. The company reported $0.01 earnings per share (EPS) for the quarter, meeting analysts' consensus estimates of $0.01. The company had revenue of $115.41 million for the quarter, compared to the consensus estimate of $126.74 million. BARK had a negative net margin of 6.47% and a negative return on equity of 15.34%. As a group, sell-side analysts expect that BARK, Inc. will post -0.09 EPS for the current year.

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.