Weiss Ratings Reiterates Sell (D-) Rating for BARK (NYSE:BARK)

Key Points

• Weiss Ratings has reiterated a sell (D-) rating for BARK (NYSE:BARK), indicating continued skepticism about the company's stock performance.
• While Weiss maintains a negative outlook, Wall Street Zen has upgraded BARK's rating from "sell" to "hold," showing some differing analyst sentiment.
• BARK's stock has fluctuated between a one-year low of $0.73 and a high of $2.56, currently trading at $0.87 with a market cap of $148.31 million.

BARK (NYSE:BARK - Get Free Report)'s stock had its "sell (d-)" rating reissued by investment analysts at Weiss Ratings in a research report issued to clients and investors on Friday,Weiss Ratings reports.

Separately, Wall Street Zen raised shares of BARK from a "sell" rating to a "hold" rating in a research report on Sunday, October 19th. Two research analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, the stock has an average rating of "Hold" and a consensus price target of $2.63.

BARK Price Performance

Shares of BARK stock traded up $0.02 during trading hours on Friday, reaching $0.87. The company's stock had a trading volume of 412,875 shares, compared to its average volume of 1,014,694. The firm has a 50 day moving average price of $0.84 and a 200-day moving average price of $0.98. BARK has a one year low of $0.73 and a one year high of $2.56. The stock has a market cap of $148.31 million, a P/E ratio of -5.13 and a beta of 1.86.

Institutional Trading of BARK

Large investors have recently made changes to their positions in the business. Nuveen LLC purchased a new stake in shares of BARK in the 1st quarter valued at $589,000. XTX Topco Ltd boosted its holdings in BARK by 71.1% during the first quarter. XTX Topco Ltd now owns 211,693 shares of the company's stock worth $294,000 after buying an additional 87,977 shares in the last quarter. Voya Investment Management LLC boosted its holdings in BARK by 43.6% during the first quarter. Voya Investment Management LLC now owns 230,608 shares of the company's stock worth $321,000 after buying an additional 70,000 shares in the last quarter. State of Wyoming purchased a new stake in BARK during the first quarter worth $176,000. Finally, Murchinson Ltd. purchased a new stake in BARK during the first quarter worth $227,000. 28.76% of the stock is owned by hedge funds and other institutional investors.

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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