329,615 Shares in BARK, Inc. (NYSE:BARK) Bought by LPL Financial LLC

LPL Financial LLC 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 13F filing with the Securities & Exchange Commission. The firm bought 329,615 shares of the company's stock, valued at approximately $606,000. LPL Financial LLC owned about 0.19% of BARK at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. Brooklyn FI LLC raised its position in BARK by 5,886.9% in the 4th quarter. Brooklyn FI LLC now owns 19,712,256 shares of the company's stock valued at $34,362,000 after buying an additional 19,383,002 shares during the last quarter. Geode Capital Management LLC increased its position in shares of BARK by 7.0% during the 3rd quarter. Geode Capital Management LLC now owns 2,831,583 shares of the company's stock worth $4,616,000 after purchasing an additional 186,427 shares during the last quarter. State Street Corp raised its stake in shares of BARK by 7.1% during the 3rd quarter. State Street Corp now owns 2,398,571 shares of the company's stock worth $3,910,000 after purchasing an additional 158,347 shares in the last quarter. JPMorgan Chase & Co. boosted its holdings in shares of BARK by 330.9% in the 3rd quarter. JPMorgan Chase & Co. now owns 256,422 shares of the company's stock valued at $418,000 after buying an additional 196,920 shares during the last quarter. Finally, ARS Investment Partners LLC grew its stake in shares of BARK by 5.0% in the fourth quarter. ARS Investment Partners LLC now owns 250,452 shares of the company's stock valued at $461,000 after buying an additional 12,000 shares in the last quarter. Institutional investors own 28.76% of the company's stock.

Analyst Ratings Changes

A number of analysts have commented on the stock. Lake Street Capital set a $3.00 price target on shares of BARK in a research note on Tuesday, January 14th. Citigroup increased their price target on shares of BARK from $2.00 to $2.50 and gave the company a "buy" rating in a research note on Friday, January 3rd.

BARK Stock Performance

Shares of BARK stock traded down $0.02 during midday trading on Tuesday, hitting $1.17. 443,647 shares of the company traded hands, compared to its average volume of 825,565. The stock has a market cap of $203.78 million, a price-to-earnings ratio of -6.13 and a beta of 1.96. The firm's fifty day moving average price is $1.41 and its 200-day moving average price is $1.70. BARK, Inc. has a 12 month low of $1.07 and a 12 month high of $2.56.

BARK (NYSE:BARK - Get Free Report) last issued its quarterly earnings results on Wednesday, February 5th. The company reported ($0.04) earnings per share for the quarter, missing analysts' consensus estimates of ($0.02) by ($0.02). BARK had a negative return on equity of 15.34% and a negative net margin of 6.47%. Equities research analysts forecast that BARK, Inc. will post -0.09 earnings per share for the current year.

BARK Profile

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.