Arrowstreet Capital Limited Partnership Purchases 1,253,876 Shares of BARK, Inc. (NYSE:BARK)

Arrowstreet Capital Limited Partnership increased its stake in BARK, Inc. (NYSE:BARK - Free Report) by 373.6% during the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 1,589,523 shares of the company's stock after buying an additional 1,253,876 shares during the period. Arrowstreet Capital Limited Partnership owned 0.91% of BARK worth $2,925,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also recently modified their holdings of BARK. Brooklyn FI LLC lifted its holdings in shares of BARK by 5,886.9% during the fourth quarter. Brooklyn FI LLC now owns 19,712,256 shares of the company's stock valued at $34,362,000 after purchasing an additional 19,383,002 shares in the last quarter. Geode Capital Management LLC raised its stake in shares of BARK by 7.0% in the third quarter. Geode Capital Management LLC now owns 2,831,583 shares of the company's stock worth $4,616,000 after buying an additional 186,427 shares during the period. State Street Corp increased its holdings in BARK by 7.1% in the 3rd quarter. State Street Corp now owns 2,398,571 shares of the company's stock worth $3,910,000 after acquiring an additional 158,347 shares in the last quarter. JPMorgan Chase & Co. raised its position in shares of BARK by 464.0% during the 4th quarter. JPMorgan Chase & Co. now owns 1,446,340 shares of the company's stock valued at $2,661,000 after purchasing an additional 1,189,918 shares during the period. Finally, Charles Schwab Investment Management Inc. raised its holdings in BARK by 9.2% during the third quarter. Charles Schwab Investment Management Inc. now owns 1,004,911 shares of the company's stock valued at $1,638,000 after acquiring an additional 84,749 shares during the period. 28.76% of the stock is currently owned by institutional investors.

BARK Stock Performance

BARK stock traded down $0.02 during mid-day trading on Tuesday, hitting $1.32. The company's stock had a trading volume of 90,041 shares, compared to its average volume of 810,716. The stock has a market cap of $230.01 million, a PE ratio of -6.92 and a beta of 1.96. BARK, Inc. has a one year low of $1.01 and a one year high of $2.56. The company has a 50 day moving average of $1.56 and a 200-day moving average of $1.73.

BARK (NYSE:BARK - Get Free Report) last issued its earnings results on Wednesday, February 5th. The company reported ($0.04) earnings per share for the quarter, missing analysts' consensus estimates of ($0.02) by ($0.02). BARK had a negative net margin of 6.47% and a negative return on equity of 15.34%. On average, equities research analysts forecast that BARK, Inc. will post -0.09 EPS for the current fiscal year.

Analysts Set New Price Targets

BARK has been the topic of several research analyst reports. Citigroup boosted their target price on shares of BARK from $2.00 to $2.50 and gave the stock a "buy" rating in a report on Friday, January 3rd. Lake Street Capital set a $3.00 target price on BARK in a report on Tuesday, January 14th.

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.