JPMorgan Chase & Co. Buys 196,920 Shares of BARK, Inc. (NYSE:BARK)

JPMorgan Chase & Co. increased its holdings in BARK, Inc. (NYSE:BARK - Free Report) by 330.9% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 256,422 shares of the company's stock after purchasing an additional 196,920 shares during the period. JPMorgan Chase & Co. owned approximately 0.15% of BARK worth $418,000 at the end of the most recent reporting period.

Several other hedge funds have also recently bought and sold shares of BARK. AQR Capital Management LLC acquired a new position in BARK in the 2nd quarter valued at $34,000. Intech Investment Management LLC bought a new stake in BARK during the third quarter valued at about $30,000. Gladius Capital Management LP acquired a new stake in shares of BARK in the third quarter valued at about $35,000. Dynamic Technology Lab Private Ltd bought a new position in shares of BARK in the third quarter worth about $37,000. Finally, Brown Brothers Harriman & Co. acquired a new position in shares of BARK during the 3rd quarter worth about $56,000. 28.76% of the stock is owned by institutional investors and hedge funds.

Insider Activity at BARK

In other news, Chairman Matt Meeker bought 34,000 shares of BARK stock in a transaction dated Monday, November 11th. The shares were bought at an average price of $1.52 per share, for a total transaction of $51,680.00. Following the purchase, the chairman now owns 10,734,460 shares of the company's stock, valued at approximately $16,316,379.20. This trade represents a 0.32 % increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 14.80% of the stock is currently owned by insiders.

Analysts Set New Price Targets

A number of analysts have issued reports on the company. Canaccord Genuity Group raised their target price on BARK from $2.00 to $2.50 and gave the company a "hold" rating in a report on Monday, December 2nd. Citigroup raised their price target on shares of BARK from $2.00 to $2.50 and gave the stock a "buy" rating in a research report on Friday, January 3rd.

BARK Stock Performance

BARK stock traded up $0.05 on Thursday, hitting $1.92. The company's stock had a trading volume of 538,552 shares, compared to its average volume of 1,176,403. The company has a fifty day moving average price of $2.03 and a 200-day moving average price of $1.74. The firm has a market cap of $333.11 million, a P/E ratio of -10.64 and a beta of 1.94. BARK, Inc. has a one year low of $0.87 and a one year high of $2.56. The company has a quick ratio of 1.49, a current ratio of 2.42 and a debt-to-equity ratio of 0.32.

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.