Brooklyn FI LLC Buys 19,383,002 Shares of BARK, Inc. (NYSE:BARK)

Brooklyn FI LLC raised its stake in shares of BARK, Inc. (NYSE:BARK - Free Report) by 5,886.9% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 19,712,256 shares of the company's stock after purchasing an additional 19,383,002 shares during the period. Brooklyn FI LLC owned 11.27% of BARK worth $34,362,000 at the end of the most recent quarter.

Several other large investors have also bought and sold shares of the stock. ARS Investment Partners LLC raised its stake in BARK by 5.0% during the fourth quarter. ARS Investment Partners LLC now owns 250,452 shares of the company's stock worth $461,000 after buying an additional 12,000 shares during the last quarter. US Bancorp DE bought a new position in BARK during the fourth quarter worth $31,000. Intech Investment Management LLC bought a new position in BARK during the third quarter worth $30,000. SG Americas Securities LLC raised its stake in BARK by 43.5% during the fourth quarter. SG Americas Securities LLC now owns 65,472 shares of the company's stock worth $120,000 after buying an additional 19,849 shares during the last quarter. Finally, Dynamic Technology Lab Private Ltd bought a new position in BARK during the third quarter worth $37,000. 28.76% of the stock is owned by institutional investors.

BARK Stock Performance

Shares of NYSE BARK traded up $0.01 during midday trading on Friday, hitting $1.39. 1,043,422 shares of the stock traded hands, compared to its average volume of 786,268. The company has a market cap of $242.61 million, a PE ratio of -7.30 and a beta of 1.95. BARK, Inc. has a one year low of $1.01 and a one year high of $2.56. The business has a 50 day moving average price of $1.76 and a two-hundred day moving average price of $1.77.

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

Wall Street Analyst Weigh In

Several analysts have recently weighed in on BARK shares. Canaccord Genuity Group lifted their price objective on shares of BARK from $2.00 to $2.50 and gave the company a "hold" rating in a research note on Monday, December 2nd. Citigroup lifted their price objective on shares of BARK from $2.00 to $2.50 and gave the company a "buy" rating in a research note on Friday, January 3rd. Finally, Lake Street Capital set a $3.00 price objective on shares of BARK in a research note on Tuesday, January 14th.

BARK 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.