US Bancorp DE Buys Shares of 16,949 BARK, Inc. (NYSE:BARK)

US Bancorp DE bought a new stake in BARK, Inc. (NYSE:BARK) during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor bought 16,949 shares of the company’s stock, valued at approximately $31,000.

A number of other hedge funds have also made changes to their positions in BARK. Intech Investment Management LLC acquired a new position in BARK in the 3rd quarter valued at approximately $30,000. Dynamic Technology Lab Private Ltd purchased a new stake in shares of BARK during the 3rd quarter worth about $37,000. Brown Brothers Harriman & Co. bought a new stake in shares of BARK in the 3rd quarter valued at approximately $56,000. SG Americas Securities LLC lifted its stake in BARK by 43.5% in the fourth quarter. SG Americas Securities LLC now owns 65,472 shares of the company’s stock valued at $120,000 after acquiring an additional 19,849 shares during the last quarter. Finally, Barclays PLC grew its position in BARK by 146.8% in the third quarter. Barclays PLC now owns 211,446 shares of the company’s stock worth $345,000 after acquiring an additional 125,756 shares in the last quarter. 28.76% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several research firms recently issued reports on BARK. Lake Street Capital set a $3.00 price objective on shares of BARK in a research note on Tuesday, January 14th. Canaccord Genuity Group lifted their target price on shares of BARK from $2.00 to $2.50 and gave the stock a “hold” rating in a report on Monday, December 2nd. Finally, Citigroup lifted their price target on BARK from $2.00 to $2.50 and gave the stock a “buy” rating in a research report on Friday, January 3rd.

BARK Price Performance

BARK stock opened at $1.36 on Wednesday. The company has a market capitalization of $237.01 million, a PE ratio of -7.13 and a beta of 1.95. The business has a 50 day simple moving average of $1.81 and a 200 day simple moving average of $1.77. BARK, Inc. has a one year low of $1.01 and a one year high of $2.56.

BARK (NYSE:BARK) last announced its earnings results on Wednesday, February 5th. The company reported ($0.04) EPS for the quarter, missing the consensus estimate of ($0.02) by ($0.02). BARK had a negative return on equity of 15.34% and a negative net margin of 6.47%. Equities analysts anticipate that BARK, Inc. will post -0.09 earnings per share for the current fiscal 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.