Goldman Sachs Group Inc. Sells 699,471 Shares of BARK, Inc. $BARK

Key Points

• Goldman Sachs Group Inc. has reduced its stake in BARK, Inc. by 55.4%, selling 699,471 shares, and now holds 564,000 shares valued at approximately $784,000.
• Wall Street analysts have downgraded BARK, with two "Buy" ratings and one "Hold" rating, while the consensus target price is $2.63.
• BARK currently trades at $0.84 with a market cap of $143.04 million and exhibits volatility with a beta of 1.88.

Goldman Sachs Group Inc. decreased its position in shares of BARK, Inc. (NYSE:BARK - Free Report) by 55.4% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 564,000 shares of the company's stock after selling 699,471 shares during the period. Goldman Sachs Group Inc. owned 0.33% of BARK worth $784,000 at the end of the most recent quarter.

Other hedge funds also recently bought and sold shares of the company. ProShare Advisors LLC increased its stake in shares of BARK by 46.0% in the fourth quarter. ProShare Advisors LLC now owns 36,568 shares of the company's stock worth $67,000 after purchasing an additional 11,520 shares during the period. BNP Paribas Financial Markets acquired a new stake in BARK in the 4th quarter valued at approximately $57,000. Virtu Financial LLC grew its holdings in BARK by 71.5% in the 1st quarter. Virtu Financial LLC now owns 76,226 shares of the company's stock valued at $106,000 after buying an additional 31,786 shares during the last quarter. NewEdge Advisors LLC bought a new position in BARK in the 1st quarter worth approximately $65,000. Finally, Northern Trust Corp lifted its holdings in shares of BARK by 5.0% during the fourth quarter. Northern Trust Corp now owns 1,041,260 shares of the company's stock worth $1,916,000 after buying an additional 49,672 shares during the last quarter. 28.76% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several equities research analysts have recently weighed in on BARK shares. Wall Street Zen cut BARK from a "hold" rating to a "sell" rating in a research report on Sunday. Jefferies Financial Group cut their price target on shares of BARK from $4.00 to $3.00 and set a "buy" rating for the company in a research note on Thursday, June 5th. Finally, Canaccord Genuity Group lowered their price objective on BARK from $2.50 to $2.00 and set a "hold" rating on the stock in a research note on Thursday, June 5th. Two research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the stock. According to MarketBeat.com, BARK presently has an average rating of "Moderate Buy" and a consensus target price of $2.63.

BARK Price Performance

Shares of NYSE:BARK opened at $0.84 on Wednesday. The stock has a market cap of $143.04 million, a price-to-earnings ratio of -4.95 and a beta of 1.88. The company has a 50 day moving average of $0.88 and a 200-day moving average of $1.07. BARK, Inc. has a one year low of $0.77 and a one year high of $2.56.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.