Ameriprise Financial Inc. Makes New $444,000 Investment in BARK, Inc. (NYSE:BARK)

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

A number of other hedge funds and other institutional investors have also bought and sold shares of the company. SG Americas Securities LLC grew its position in BARK by 43.5% during the fourth quarter. SG Americas Securities LLC now owns 65,472 shares of the company's stock worth $120,000 after buying an additional 19,849 shares in the last quarter. US Bancorp DE purchased a new position in BARK during the fourth quarter worth about $31,000. Intech Investment Management LLC grew its position in BARK by 153.6% during the fourth quarter. Intech Investment Management LLC now owns 47,353 shares of the company's stock worth $87,000 after buying an additional 28,682 shares in the last quarter. Brooklyn FI LLC grew its position in BARK by 5,886.9% during the fourth quarter. Brooklyn FI LLC now owns 19,712,256 shares of the company's stock worth $34,362,000 after buying an additional 19,383,002 shares in the last quarter. Finally, Virtu Financial LLC purchased a new position in BARK during the fourth quarter worth about $82,000. Institutional investors own 28.76% of the company's stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have issued reports on the company. Canaccord Genuity Group dropped their price target on BARK from $2.50 to $2.00 and set a "hold" rating for the company in a research note on Thursday. Jefferies Financial Group dropped their price target on BARK from $4.00 to $3.00 and set a "buy" rating for the company in a research note on Thursday. Finally, Wall Street Zen lowered BARK from a "hold" rating to a "sell" rating in a research note on Friday.

BARK Stock Down 1.1%

Shares of NYSE BARK traded down $0.01 during midday trading on Friday, reaching $0.94. The company had a trading volume of 4,409,905 shares, compared to its average volume of 890,542. BARK, Inc. has a one year low of $0.93 and a one year high of $2.56. The firm's fifty day moving average price is $1.24 and its 200-day moving average price is $1.64. 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 earnings results on Wednesday, June 4th. The company reported $0.01 earnings per share for the quarter, meeting analysts' consensus estimates of $0.01. BARK had a negative return on equity of 15.34% and a negative net margin of 6.47%. The company had revenue of $115.41 million during the quarter, compared to analyst estimates of $126.74 million. As a group, equities research 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.