Citigroup Boosts BARK (NYSE:BARK) Price Target to $2.50

BARK (NYSE:BARK - Get Free Report) had its price target raised by equities research analysts at Citigroup from $2.00 to $2.50 in a research note issued to investors on Friday,Benzinga reports. The brokerage currently has a "buy" rating on the stock. Citigroup's price objective points to a potential upside of 26.90% from the stock's previous close.

Separately, Canaccord Genuity Group lifted their price target on shares of BARK from $2.00 to $2.50 and gave the stock a "hold" rating in a research note on Monday, December 2nd.

BARK Trading Up 4.2 %

Shares of NYSE:BARK traded up $0.08 during trading on Friday, reaching $1.97. The company's stock had a trading volume of 1,541,850 shares, compared to its average volume of 1,355,075. The stock has a market capitalization of $342.69 million, a PE ratio of -10.94 and a beta of 1.92. BARK has a 12 month low of $0.74 and a 12 month high of $2.56. The company has a current ratio of 2.42, a quick ratio of 1.49 and a debt-to-equity ratio of 0.32. The firm's 50 day simple moving average is $1.85 and its two-hundred day simple moving average is $1.69.

Insider Activity at BARK

In related news, Chairman Matt Meeker acquired 34,000 shares of the stock in a transaction on Monday, November 11th. The stock was bought at an average cost of $1.52 per share, with a total value of $51,680.00. Following the transaction, the chairman now directly owns 10,734,460 shares in the company, valued at approximately $16,316,379.20. This represents a 0.32 % increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this link. 14.80% of the stock is owned by company insiders.

Hedge Funds Weigh In On BARK

A number of hedge funds and other institutional investors have recently made changes to their positions in BARK. Rhumbline Advisers boosted its stake in shares of BARK by 12.2% during the second quarter. Rhumbline Advisers now owns 148,335 shares of the company's stock valued at $268,000 after purchasing an additional 16,185 shares in the last quarter. AQR Capital Management LLC bought a new stake in BARK during the 2nd quarter valued at $34,000. Intech Investment Management LLC purchased a new position in shares of BARK in the 3rd quarter valued at $30,000. The Manufacturers Life Insurance Company raised its position in shares of BARK by 62.3% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 52,364 shares of the company's stock worth $95,000 after acquiring an additional 20,110 shares in the last quarter. Finally, Gladius Capital Management LP purchased a new stake in shares of BARK during the 3rd quarter worth $35,000. Institutional investors own 28.76% of the company's stock.

BARK Company Profile

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.