BARK (NYSE:BARK) Stock Price Expected to Rise, Citigroup Analyst Says

BARK (NYSE:BARK) had its target price increased by Citigroup from $2.00 to $2.50 in a note issued to investors on Friday,Benzinga reports. The brokerage currently has a “buy” rating on the stock. Citigroup’s price objective would indicate a potential upside of 26.90% from the company’s previous close.

Separately, Canaccord Genuity Group lifted their price objective on shares of BARK from $2.00 to $2.50 and gave the stock a “hold” rating in a research note on Monday, December 2nd.

BARK Trading Up 4.2 %

Shares of BARK stock opened at $1.97 on Friday. The stock has a 50-day simple moving average of $1.85 and a 200 day simple moving average of $1.69. The stock has a market capitalization of $342.69 million, a P/E ratio of -10.94 and a beta of 1.92. BARK has a fifty-two week low of $0.74 and a fifty-two week 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.

Insider Transactions at BARK

In related news, Chairman Matt Meeker acquired 34,000 shares of the business’s stock in a transaction on Monday, November 11th. The shares were purchased at an average price of $1.52 per share, for a total transaction of $51,680.00. Following the acquisition, the chairman now owns 10,734,460 shares in the company, valued at approximately $16,316,379.20. This represents a 0.32 % increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Corporate insiders own 14.80% of the company’s stock.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the company. Geode Capital Management LLC lifted its position in shares of BARK by 7.0% in the 3rd quarter. Geode Capital Management LLC now owns 2,831,583 shares of the company’s stock valued at $4,616,000 after acquiring an additional 186,427 shares in the last quarter. State Street Corp lifted its holdings in shares of BARK by 7.1% in the third quarter. State Street Corp now owns 2,398,571 shares of the company’s stock valued at $3,910,000 after purchasing an additional 158,347 shares in the last quarter. Charles Schwab Investment Management Inc. boosted its position in shares of BARK by 9.2% in the third quarter. Charles Schwab Investment Management Inc. now owns 1,004,911 shares of the company’s stock worth $1,638,000 after buying an additional 84,749 shares during the period. Renaissance Technologies LLC grew its holdings in shares of BARK by 68.3% during the second quarter. Renaissance Technologies LLC now owns 729,917 shares of the company’s stock valued at $1,321,000 after buying an additional 296,199 shares in the last quarter. Finally, Roubaix Capital LLC purchased a new position in shares of BARK during the third quarter valued at $894,000. 28.76% of the stock is currently owned by institutional investors and hedge funds.

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.