Wall Street Zen Upgrades BARK (NYSE:BARK) to "Hold"

Key Points

• Wall Street Zen upgraded BARK (NYSE:BARK) from a "sell" rating to a "hold" rating, indicating a more stable outlook for the stock.
• Weiss Ratings maintained a "sell (d-)" rating for BARK, resulting in mixed opinions from analysts with a consensus price target set at $2.63.
• The stock has shown volatility with a 1-year low of $0.73 and a high of $2.56, while large investors have significantly increased their stakes in the company over the past quarter.

BARK (NYSE:BARK - Get Free Report) was upgraded by stock analysts at Wall Street Zen from a "sell" rating to a "hold" rating in a research note issued to investors on Sunday.

Separately, Weiss Ratings restated a "sell (d-)" rating on shares of BARK in a research note on Wednesday, October 8th. Two equities research analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the company's stock. According to MarketBeat.com, BARK has an average rating of "Hold" and a consensus price target of $2.63.

BARK Price Performance

Shares of BARK stock opened at $0.79 on Friday. BARK has a 1-year low of $0.73 and a 1-year high of $2.56. The stock's fifty day moving average price is $0.84 and its 200 day moving average price is $0.99. The company has a market cap of $134.88 million, a price-to-earnings ratio of -4.67 and a beta of 1.86.

Institutional Trading of BARK

Several large investors have recently added to or reduced their stakes in the company. Cerity Partners LLC grew its stake in BARK by 58.1% during the 2nd quarter. Cerity Partners LLC now owns 55,405 shares of the company's stock valued at $49,000 after purchasing an additional 20,359 shares during the last quarter. CWM LLC grew its stake in BARK by 100.1% during the 2nd quarter. CWM LLC now owns 42,221 shares of the company's stock valued at $37,000 after purchasing an additional 21,118 shares during the last quarter. R Squared Ltd grew its stake in BARK by 195.5% during the 2nd quarter. R Squared Ltd now owns 47,873 shares of the company's stock valued at $42,000 after purchasing an additional 31,673 shares during the last quarter. Virtu Financial LLC boosted its stake in shares of BARK by 71.5% in the first quarter. Virtu Financial LLC now owns 76,226 shares of the company's stock worth $106,000 after buying an additional 31,786 shares during the last quarter. Finally, Byrne Asset Management LLC acquired a new stake in BARK during the second quarter worth about $30,000. Hedge funds and other institutional investors own 28.76% of the company's stock.

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.

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