BARK (NYSE:BARK) Price Target Raised to $2.50

BARK (NYSE:BARK) had its price objective increased by Citigroup from $2.00 to $2.50 in a report released on Friday,Benzinga reports. They currently have a buy rating on the stock.

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

BARK Price Performance

BARK stock opened at $1.97 on Friday. The firm has a market capitalization of $342.69 million, a P/E ratio of -10.94 and a beta of 1.92. The business has a 50-day moving average of $1.85 and a 200-day moving average of $1.69. The company has a current ratio of 2.42, a quick ratio of 1.49 and a debt-to-equity ratio of 0.32. BARK has a 1 year low of $0.74 and a 1 year high of $2.56.

Insiders Place Their Bets

In related news, Chairman Matt Meeker acquired 34,000 shares of the stock in a transaction dated Monday, November 11th. The stock was bought at an average price of $1.52 per share, with a total value of $51,680.00. Following the completion of the transaction, the chairman now directly owns 10,734,460 shares of the company’s stock, valued at approximately $16,316,379.20. The trade was a 0.32 % increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 14.80% of the company’s stock.

Hedge Funds Weigh In On BARK

A number of institutional investors and hedge funds have recently added to or reduced their stakes in BARK. Intech Investment Management LLC bought a new stake in shares of BARK in the third quarter valued at about $30,000. AQR Capital Management LLC bought a new stake in BARK in the 2nd quarter valued at approximately $34,000. Gladius Capital Management LP acquired a new position in BARK during the 3rd quarter worth approximately $35,000. Dynamic Technology Lab Private Ltd bought a new position in shares of BARK during the 3rd quarter worth approximately $37,000. Finally, Brown Brothers Harriman & Co. acquired a new stake in shares of BARK in the third quarter valued at approximately $56,000. 28.76% of the stock is 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.