Renaissance Technologies LLC Acquires 296,199 Shares of BARK, Inc. (NYSE:BARK)

Renaissance Technologies LLC raised its stake in shares of BARK, Inc. (NYSE:BARK) by 68.3% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 729,917 shares of the company’s stock after buying an additional 296,199 shares during the quarter. Renaissance Technologies LLC owned about 0.42% of BARK worth $1,321,000 at the end of the most recent quarter.

Other large investors have also added to or reduced their stakes in the company. Rhumbline Advisers lifted its position in shares of BARK by 12.2% in the second quarter. Rhumbline Advisers now owns 148,335 shares of the company’s stock valued at $268,000 after acquiring an additional 16,185 shares in the last quarter. Bank of New York Mellon Corp lifted its holdings in BARK by 10.3% during the second quarter. Bank of New York Mellon Corp now owns 407,102 shares of the company’s stock worth $737,000 after buying an additional 37,980 shares during the period. ARS Investment Partners LLC purchased a new stake in BARK during the second quarter worth $205,000. Price T Rowe Associates Inc. MD lifted its holdings in shares of BARK by 27.4% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 39,225 shares of the company’s stock valued at $49,000 after purchasing an additional 8,436 shares during the last quarter. Finally, Gabelli Funds LLC raised its stake in BARK by 22.7% in the 1st quarter. Gabelli Funds LLC now owns 54,000 shares of the company’s stock worth $67,000 after acquiring an additional 10,000 shares during the last quarter. Hedge funds and other institutional investors own 28.76% of the company’s stock.

BARK Price Performance

Shares of BARK opened at $1.65 on Friday. BARK, Inc. has a fifty-two week low of $0.70 and a fifty-two week high of $1.91. The company has a debt-to-equity ratio of 0.31, a quick ratio of 1.72 and a current ratio of 2.77. The company has a market capitalization of $286.36 million, a P/E ratio of -7.50 and a beta of 1.71. The business’s 50-day moving average is $1.62 and its two-hundred day moving average is $1.45.

BARK (NYSE:BARK) last released its earnings results on Wednesday, August 7th. The company reported ($0.04) earnings per share for the quarter, hitting analysts’ consensus estimates of ($0.04). The business had revenue of $116.21 million for the quarter, compared to analyst estimates of $115.00 million. BARK had a negative net margin of 7.28% and a negative return on equity of 19.27%. Research analysts predict that BARK, Inc. will post -0.1 earnings per share for the current year.

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.