BARK (NYSE:BARK) Shares Up 5.3% - Here's Why

Shares of BARK, Inc. (NYSE:BARK - Get Free Report) rose 5.3% during mid-day trading on Wednesday . The stock traded as high as $1.69 and last traded at $1.69. Approximately 576,731 shares were traded during trading, a decline of 26% from the average daily volume of 776,650 shares. The stock had previously closed at $1.60.

Analyst Upgrades and Downgrades

BARK has been the topic of a number of research reports. Lake Street Capital set a $3.00 price target on BARK in a report on Tuesday, January 14th. Citigroup raised their price target on BARK from $2.00 to $2.50 and gave the stock a "buy" rating in a report on Friday, January 3rd. Finally, Canaccord Genuity Group raised their price target on BARK from $2.00 to $2.50 and gave the stock a "hold" rating in a report on Monday, December 2nd.

BARK Stock Down 4.6 %

The stock has a fifty day moving average of $1.89 and a 200-day moving average of $1.79. The stock has a market cap of $270.24 million, a PE ratio of -8.13 and a beta of 1.95.

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

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Institutional Investors Weigh In On BARK

A number of hedge funds have recently added to or reduced their stakes in the company. Cresset Asset Management LLC lifted its position in BARK by 2.4% in the fourth quarter. Cresset Asset Management LLC now owns 223,300 shares of the company's stock valued at $411,000 after purchasing an additional 5,205 shares during the period. Price T Rowe Associates Inc. MD lifted its position in BARK by 17.9% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 51,362 shares of the company's stock valued at $95,000 after purchasing an additional 7,813 shares during the period. ProShare Advisors LLC lifted its position in BARK by 46.0% in the fourth quarter. ProShare Advisors LLC now owns 36,568 shares of the company's stock valued at $67,000 after purchasing an additional 11,520 shares during the period. ARS Investment Partners LLC lifted its position in shares of BARK by 5.0% during the 4th quarter. ARS Investment Partners LLC now owns 250,452 shares of the company's stock valued at $461,000 after acquiring an additional 12,000 shares during the period. Finally, Wells Fargo & Company MN lifted its position in shares of BARK by 24.8% during the 4th quarter. Wells Fargo & Company MN now owns 77,215 shares of the company's stock valued at $142,000 after acquiring an additional 15,355 shares during the period. Institutional investors and hedge funds 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.