BARK, Inc. (NYSE:BARK) Shares Bought by Brooklyn FI LLC

Brooklyn FI LLC raised its stake in shares of BARK, Inc. (NYSE:BARK) by 5,886.9% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 19,712,256 shares of the company’s stock after acquiring an additional 19,383,002 shares during the period. Brooklyn FI LLC owned approximately 0.11% of BARK worth $34,362,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also made changes to their positions in BARK. Intech Investment Management LLC purchased a new position in shares of BARK during the 3rd quarter worth approximately $30,000. US Bancorp DE purchased a new position in shares of BARK during the fourth quarter worth $31,000. Dynamic Technology Lab Private Ltd acquired a new stake in shares of BARK in the third quarter valued at $37,000. Brown Brothers Harriman & Co. acquired a new stake in shares of BARK in the third quarter valued at $56,000. Finally, SG Americas Securities LLC raised its holdings in shares of BARK by 43.5% in the 4th quarter. SG Americas Securities LLC now owns 65,472 shares of the company’s stock valued at $120,000 after buying an additional 19,849 shares during the period. 28.76% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

BARK has been the subject of a number of research analyst reports. Citigroup raised their target price on BARK from $2.00 to $2.50 and gave the company a “buy” rating in a report on Friday, January 3rd. Lake Street Capital set a $3.00 price objective on shares of BARK in a research note on Tuesday, January 14th. Finally, Canaccord Genuity Group increased 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.

BARK Price Performance

BARK opened at $1.36 on Wednesday. The business has a fifty day moving average price of $1.81 and a 200 day moving average price of $1.77. BARK, Inc. has a 12 month low of $1.01 and a 12 month high of $2.56. The stock has a market capitalization of $237.01 million, a price-to-earnings ratio of -7.13 and a beta of 1.95.

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

About BARK

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.