BARK (NYSE:BARK) Rating Increased to Hold at Wall Street Zen

Wall Street Zen upgraded shares of BARK (NYSE:BARK) from a sell rating to a hold rating in a research report released on Friday morning.

Other equities analysts have also issued research reports about the company. Weiss Ratings reiterated a “sell (d-)” rating on shares of BARK in a research note on Saturday, September 27th. Canaccord Genuity Group lowered their target price on BARK from $2.50 to $2.00 and set a “hold” rating on the stock in a research note on Thursday, June 5th. Finally, Jefferies Financial Group lowered their target price on BARK from $4.00 to $3.00 and set a “buy” rating on the stock in a research note on Thursday, June 5th. Two investment analysts have rated the stock with a Buy rating, one has given a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, BARK currently has a consensus rating of “Hold” and a consensus price target of $2.63.

BARK Trading Down 0.9%

Shares of NYSE BARK opened at $0.80 on Friday. The firm has a market cap of $136.24 million, a P/E ratio of -4.72 and a beta of 1.86. BARK has a 1-year low of $0.77 and a 1-year high of $2.56. The business’s 50 day moving average is $0.85 and its 200-day moving average is $1.04.

Hedge Funds Weigh In On BARK

A number of hedge funds have recently added to or reduced their stakes in BARK. Byrne Asset Management LLC bought a new position in BARK during the 2nd quarter worth $30,000. Brevan Howard Capital Management LP bought a new position in BARK during the 2nd quarter worth $32,000. CWM LLC increased its stake in BARK by 100.1% during the 2nd quarter. CWM LLC now owns 42,221 shares of the company’s stock worth $37,000 after acquiring an additional 21,118 shares during the period. R Squared Ltd increased its stake in shares of BARK by 195.5% in 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. Finally, Cerity Partners LLC increased its stake in shares of BARK by 58.1% in 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. 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.