BARK, Inc. (NYSE:BARK) Chairman Buys $24,750.00 in Stock

BARK, Inc. (NYSE:BARK) Chairman Matt Meeker acquired 25,000 shares of the business’s stock in a transaction on Friday, June 6th. The stock was acquired at an average price of $0.99 per share, with a total value of $24,750.00. Following the transaction, the chairman now directly owns 10,784,653 shares of the company’s stock, valued at $10,676,806.47. This represents a 0.23% increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

BARK Stock Performance

BARK stock traded down $0.01 during midday trading on Monday, hitting $0.93. 2,358,488 shares of the stock were exchanged, compared to its average volume of 896,411. The stock’s 50-day moving average price is $1.24 and its 200-day moving average price is $1.64. The stock has a market cap of $157.00 million, a price-to-earnings ratio of -4.88 and a beta of 2.01. BARK, Inc. has a fifty-two week low of $0.87 and a fifty-two week high of $2.56.

BARK (NYSE:BARK) last released its quarterly earnings results on Wednesday, June 4th. The company reported $0.01 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.01. BARK had a negative return on equity of 15.34% and a negative net margin of 6.47%. The business had revenue of $115.41 million during the quarter, compared to the consensus estimate of $126.74 million. Research analysts anticipate that BARK, Inc. will post -0.09 EPS for the current year.

Wall Street Analyst Weigh In

Several equities research analysts have commented on the stock. Jefferies Financial Group decreased their target price on shares of BARK from $4.00 to $3.00 and set a “buy” rating on the stock in a research report on Thursday. Wall Street Zen downgraded shares of BARK from a “hold” rating to a “sell” rating in a report on Friday. Finally, Canaccord Genuity Group dropped their target price on shares of BARK from $2.50 to $2.00 and set a “hold” rating for the company in a report on Thursday.

Hedge Funds Weigh In On BARK

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. SG Americas Securities LLC increased its position 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 in the last quarter. US Bancorp DE acquired a new stake in shares of BARK in the fourth quarter worth approximately $31,000. Intech Investment Management LLC boosted its holdings in BARK by 153.6% in the fourth quarter. Intech Investment Management LLC now owns 47,353 shares of the company’s stock valued at $87,000 after acquiring an additional 28,682 shares during the last quarter. Brooklyn FI LLC grew its position in 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 acquiring an additional 19,383,002 shares during the period. Finally, Virtu Financial LLC acquired a new stake in BARK during the fourth quarter worth about $82,000. Institutional investors and hedge funds 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.