Prescott Group Capital Management L.L.C. Increases Stock Position in BARK, Inc. $BARK

Prescott Group Capital Management L.L.C. increased its holdings in BARK, Inc. (NYSE:BARK) by 1,150.5% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 1,974,218 shares of the company’s stock after buying an additional 1,816,345 shares during the period. Prescott Group Capital Management L.L.C.’s holdings in BARK were worth $1,736,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also bought and sold shares of the company. R Squared Ltd lifted its position in shares of BARK by 195.5% during the second quarter. R Squared Ltd now owns 47,873 shares of the company’s stock worth $42,000 after acquiring an additional 31,673 shares in the last quarter. CWM LLC raised its stake in shares of BARK by 100.1% during the 2nd quarter. CWM LLC now owns 42,221 shares of the company’s stock valued at $37,000 after purchasing an additional 21,118 shares during the period. Byrne Asset Management LLC purchased a new stake in BARK during the 2nd quarter worth about $30,000. Voya Investment Management LLC boosted its stake in BARK by 43.6% in the 1st quarter. Voya Investment Management LLC now owns 230,608 shares of the company’s stock worth $321,000 after purchasing an additional 70,000 shares during the period. Finally, Murchinson Ltd. purchased a new position in BARK during the 1st quarter valued at about $227,000. Institutional investors own 28.76% of the company’s stock.

BARK Trading Up 1.0%

Shares of BARK opened at $0.80 on Friday. BARK, Inc. has a 12-month low of $0.73 and a 12-month high of $2.56. The company has a market cap of $136.07 million, a PE ratio of -4.71 and a beta of 1.87. The stock has a 50-day moving average price of $0.84 and a 200-day moving average price of $0.94.

Analyst Ratings Changes

A number of brokerages have recently issued reports on BARK. Wall Street Zen downgraded shares of BARK from a “hold” rating to a “sell” rating in a report on Monday, October 27th. Weiss Ratings reiterated a “sell (d-)” rating on shares of BARK in a research note on Wednesday, October 8th. Two investment analysts have rated the stock with a Buy rating, one has given a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, the stock has an average rating of “Hold” and an average target price of $2.63.

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.