BARK (NYSE:BARK) Price Target Raised to $2.50 at Canaccord Genuity Group

BARK (NYSE:BARK) had its price objective lifted by equities researchers at Canaccord Genuity Group from $2.00 to $2.50 in a research note issued on Monday,Benzinga reports. The firm presently has a “hold” rating on the stock. Canaccord Genuity Group’s price objective points to a potential upside of 16.82% from the company’s previous close.

BARK Price Performance

BARK opened at $2.14 on Monday. The company has a fifty day moving average price of $1.60 and a two-hundred day moving average price of $1.57. The firm has a market capitalization of $372.26 million, a PE ratio of -11.89 and a beta of 1.72. BARK has a 52 week low of $0.70 and a 52 week high of $2.25. The company has a debt-to-equity ratio of 0.32, a quick ratio of 1.49 and a current ratio of 2.42.

Insider Activity

In other news, Chairman Matt Meeker purchased 34,000 shares of the company’s stock in a transaction on Monday, November 11th. The shares were purchased at an average price of $1.52 per share, with a total value of $51,680.00. Following the purchase, the chairman now directly owns 10,734,460 shares of the company’s stock, valued at $16,316,379.20. This trade represents a 0.32 % increase in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. 14.80% of the stock is currently owned by company insiders.

Institutional Trading of BARK

A number of institutional investors have recently made changes to their positions in the business. AQR Capital Management LLC bought a new position in BARK in the second quarter valued at approximately $34,000. Intech Investment Management LLC bought a new position in shares of BARK in the third quarter valued at $30,000. Gladius Capital Management LP acquired a new position in BARK during the third quarter worth $35,000. Dynamic Technology Lab Private Ltd bought a new stake in BARK during the third quarter worth $37,000. Finally, Brown Brothers Harriman & Co. acquired a new stake in BARK in the third quarter valued at $56,000. Institutional investors own 28.76% of the company’s stock.

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.