Citigroup Increases BARK (NYSE:BARK) Price Target to $2.50

BARK (NYSE:BARK) had its price objective lifted by Citigroup from $2.00 to $2.50 in a research report sent to investors on Friday morning,Benzinga reports. Citigroup currently has a buy rating on the stock.

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

BARK Trading Up 4.2 %

Shares of BARK stock opened at $1.97 on Friday. BARK has a twelve month low of $0.74 and a twelve month high of $2.56. The firm’s 50-day moving average price is $1.85 and its 200 day moving average price is $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. The firm has a market capitalization of $342.69 million, a PE ratio of -10.94 and a beta of 1.92.

Insider Transactions at BARK

In related news, Chairman Matt Meeker bought 34,000 shares of the business’s stock in a transaction on Monday, November 11th. The stock was acquired at an average cost 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. The trade was a 0.32 % increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Insiders own 14.80% of the company’s stock.

Institutional Investors Weigh In On BARK

Several hedge funds and other institutional investors have recently bought and sold shares of the company. Rhumbline Advisers grew its stake in shares of BARK by 12.2% in the 2nd quarter. Rhumbline Advisers now owns 148,335 shares of the company’s stock valued at $268,000 after buying an additional 16,185 shares during the period. AQR Capital Management LLC purchased a new position in BARK in the second quarter worth approximately $34,000. Intech Investment Management LLC purchased a new position in BARK in the third quarter worth approximately $30,000. The Manufacturers Life Insurance Company increased its stake in BARK by 62.3% during the second quarter. The Manufacturers Life Insurance Company now owns 52,364 shares of the company’s stock worth $95,000 after acquiring an additional 20,110 shares during the last quarter. Finally, Gladius Capital Management LP purchased a new stake in BARK in the third quarter valued at $35,000. 28.76% of the stock is currently 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.