BARK (NYSE:BARK) Trading Down 1% - Time to Sell?

Key Points

• BARK shares fell 1% to $8.85 in Friday trading, with volume nearly doubling the average session level. The stock remains below its 50-day and 200-day moving averages of $9.78 and $10.34.
• Analyst sentiment is mixed but leans toward “Hold”, with two Buy, two Hold, and one Sell rating; the average price target is $15.33, above the current share price.
• BARK exceeded quarterly expectations, reporting $0.08 in EPS versus the $0.40 loss analysts expected and revenue of $78.81 million. However, the company continues to report negative net margins and return on equity, and analysts forecast a full-year loss.

BARK, Inc. (NYSE:BARK - Get Free Report)'s share price dropped 1% during trading on Friday . The company traded as low as $8.80 and last traded at $8.85. Approximately 94,536 shares changed hands during mid-day trading, an increase of 95% from the average session volume of 48,470 shares. The stock had previously closed at $8.94.

Wall Street Analyst Weigh In

BARK has been the subject of several recent research reports. Weiss Ratings upgraded shares of BARK from a "sell (e+)" rating to a "sell (d-)" rating in a research note on Wednesday, September 2nd. Jefferies Financial Group restated a "buy" rating and issued a $19.00 price target on shares of BARK in a research report on Thursday, June 11th. Lake Street Capital set a $12.00 price target on shares of BARK and gave the company a "buy" rating in a report on Wednesday, June 10th. Finally, Wall Street Zen raised shares of BARK from a "sell" rating to a "hold" rating in a research report on Sunday, July 12th. Two equities research analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has assigned a Sell rating to the company's stock. Based on data from MarketBeat.com, the stock has a consensus rating of "Hold" and an average price target of $15.33.

BARK Stock Down 1.0%

The firm's 50 day simple moving average is $9.78 and its 200 day simple moving average is $10.34. The company has a market cap of $79.92 million, a price-to-earnings ratio of -2.47 and a beta of 1.97.

BARK (NYSE:BARK - Get Free Report) last issued its quarterly earnings data on Thursday, August 6th. The company reported $0.08 earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.40) by $0.48. BARK had a negative return on equity of 35.66% and a negative net margin of 8.42%.The business had revenue of $78.81 million during the quarter, compared to the consensus estimate of $77.50 million. Analysts anticipate that BARK, Inc. will post -1.2 EPS for the current fiscal year.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently modified their holdings of BARK. Bank of America Corp DE raised its stake 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 valued at $69,000 after purchasing an additional 21,325 shares in the last quarter. Renaissance Technologies LLC grew its position in BARK by 98.7% in the 1st quarter. Renaissance Technologies LLC now owns 191,700 shares of the company's stock valued at $97,000 after buying an additional 95,200 shares in the last quarter. Nano Cap New Millennium Growth Fund L P acquired a new position in BARK during the 4th quarter valued at about $1,088,000. Finally, Prescott Group Capital Management L.L.C. raised its position in shares of BARK by 108.1% during the 4th quarter. Prescott Group Capital Management L.L.C. now owns 4,109,133 shares of the company's stock worth $2,476,000 after buying an additional 2,134,915 shares in the last quarter. Institutional investors own 28.76% of the company's stock.

BARK Company Profile

BARK, Inc is a pet products company focused on dogs and their owners. The company develops and sells toys, treats, food, dental products and other dog-related merchandise through its direct-to-consumer digital channels, subscription services and selected retail partners.

Its brands and services include BarkBox, a subscription program that delivers themed assortments of dog toys and treats; Super Chewer, which offers more durable toys and products; and BARK Bright, a line of dental care products.

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