BARK (NYSE:BARK) Issues Quarterly Earnings Results

BARK (NYSE:BARK) issued its quarterly earnings results on Tuesday. The company reported $0.07 EPS for the quarter, topping analysts’ consensus estimates of ($0.35) by $0.42, FiscalAI reports. The business had revenue of $86.57 million during the quarter, compared to the consensus estimate of $96.30 million. BARK had a negative net margin of 7.65% and a negative return on equity of 25.73%.

BARK Price Performance

BARK stock traded up $0.41 during midday trading on Tuesday, reaching $9.97. 233,635 shares of the company’s stock traded hands, compared to its average volume of 77,005. The company has a market capitalization of $86.13 million, a P/E ratio of -2.77 and a beta of 1.93. BARK has a fifty-two week low of $8.15 and a fifty-two week high of $22.60. The business has a 50-day moving average price of $9.41 and a two-hundred day moving average price of $12.91.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in BARK. AQR Capital Management LLC raised its holdings in BARK by 627.8% in the first quarter. AQR Capital Management LLC now owns 154,257 shares of the company’s stock valued at $214,000 after acquiring an additional 133,061 shares in the last quarter. NewEdge Advisors LLC acquired a new stake in BARK in the first quarter valued at $65,000. Arrowstreet Capital Limited Partnership raised its holdings in BARK by 15.7% in the second quarter. Arrowstreet Capital Limited Partnership now owns 1,692,503 shares of the company’s stock valued at $1,489,000 after acquiring an additional 230,131 shares in the last quarter. Gabelli Funds LLC raised its holdings in BARK by 100.0% in the second quarter. Gabelli Funds LLC now owns 100,000 shares of the company’s stock valued at $88,000 after acquiring an additional 50,000 shares in the last quarter. Finally, Cerity Partners LLC raised its holdings in BARK by 58.1% in the second quarter. Cerity Partners LLC now owns 55,405 shares of the company’s stock valued at $49,000 after acquiring an additional 20,359 shares in the last quarter. 28.76% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of brokerages have recently commented on BARK. Canaccord Genuity Group decreased their target price on shares of BARK from $30.00 to $15.00 and set a “hold” rating on the stock in a research report on Thursday, April 2nd. Weiss Ratings cut shares of BARK from a “sell (d-)” rating to a “sell (e+)” rating in a research report on Wednesday, May 6th. Finally, Wall Street Zen raised shares of BARK from a “sell” rating to a “hold” rating in a research report on Saturday. Two analysts have rated the stock with a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, BARK has a consensus rating of “Reduce” and an average price target of $22.50.

BARK Company Profile

BARK is a consumer products and services company focused on the canine market, offering a suite of subscription-based and direct‐to‐consumer offerings designed to meet the everyday needs of dogs and their owners. The company’s core business revolves around carefully curated boxes of toys, treats and chews, which are delivered monthly to subscribers through its flagship BarkBox service. Over time, BARK has expanded its reach beyond subscription, tapping into e-commerce and wholesale channels to broaden its customer base.

In addition to BarkBox, the company operates BarkShop, an online storefront that allows customers to purchase toys, grooming supplies and nutrition products on an a la carte basis.