R Squared Ltd Acquires 31,673 Shares of BARK, Inc. $BARK

R Squared Ltd grew its holdings in shares of BARK, Inc. (NYSE:BARK) by 195.5% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 47,873 shares of the company’s stock after purchasing an additional 31,673 shares during the quarter. R Squared Ltd’s holdings in BARK were worth $42,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also modified their holdings of the business. Byrne Asset Management LLC bought a new position in BARK in the 2nd quarter worth $30,000. CWM LLC raised its holdings in BARK by 100.1% in the 2nd quarter. CWM LLC now owns 42,221 shares of the company’s stock worth $37,000 after acquiring an additional 21,118 shares during the period. NewEdge Advisors LLC bought a new position in BARK in the 1st quarter worth $65,000. Virtu Financial LLC raised its holdings in BARK by 71.5% in the 1st quarter. Virtu Financial LLC now owns 76,226 shares of the company’s stock worth $106,000 after acquiring an additional 31,786 shares during the period. Finally, State of Wyoming bought a new position in BARK in the 1st quarter worth $176,000. Institutional investors own 28.76% of the company’s stock.

BARK Price Performance

Shares of NYSE BARK opened at $0.87 on Monday. BARK, Inc. has a fifty-two week low of $0.73 and a fifty-two week high of $2.56. The firm has a market capitalization of $148.31 million, a P/E ratio of -5.13 and a beta of 1.86. The company’s 50 day simple moving average is $0.84 and its 200 day simple moving average is $0.97.

Analysts Set New Price Targets

Several brokerages recently commented on BARK. Wall Street Zen upgraded shares of BARK from a “sell” rating to a “hold” rating in a report on Sunday, October 19th. Weiss Ratings reiterated a “sell (d-)” rating on shares of BARK in a report on Friday. Two research analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has given a Sell rating to the company. According to MarketBeat, the company has a consensus rating of “Hold” and an average target price of $2.63.

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.