Citigroup Issues Positive Forecast for BARK (NYSE:BARK) Stock Price

BARK (NYSE:BARK) had its price target raised by Citigroup from $2.00 to $2.50 in a research note published on Friday,Benzinga reports. Citigroup currently has a buy rating on the stock.

Separately, Canaccord Genuity Group increased their price objective on BARK from $2.00 to $2.50 and gave the company a “hold” rating in a report on Monday, December 2nd.

BARK Stock Performance

Shares of NYSE BARK opened at $1.97 on Friday. The company has a debt-to-equity ratio of 0.32, a quick ratio of 1.49 and a current ratio of 2.42. The stock has a 50 day moving average price of $1.85 and a 200 day moving average price of $1.69. The stock has a market capitalization of $342.69 million, a PE ratio of -10.94 and a beta of 1.92. BARK has a 52 week low of $0.74 and a 52 week high of $2.56.

Insider Buying and Selling

In related news, Chairman Matt Meeker purchased 34,000 shares of the stock in a transaction on Monday, November 11th. The shares were purchased at an average cost of $1.52 per share, with a total value of $51,680.00. Following the acquisition, the chairman now directly owns 10,734,460 shares in the company, valued at $16,316,379.20. The trade was a 0.32 % increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is accessible through this link. 14.80% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On BARK

Hedge funds and other institutional investors have recently modified their holdings of the company. Bank of New York Mellon Corp grew its stake in shares of BARK by 10.3% in the second quarter. Bank of New York Mellon Corp now owns 407,102 shares of the company’s stock valued at $737,000 after acquiring an additional 37,980 shares in the last quarter. Rhumbline Advisers grew its position in shares of BARK by 12.2% during the 2nd quarter. Rhumbline Advisers now owns 148,335 shares of the company’s stock worth $268,000 after purchasing an additional 16,185 shares in the last quarter. Renaissance Technologies LLC grew its position in shares of BARK by 68.3% during the 2nd quarter. Renaissance Technologies LLC now owns 729,917 shares of the company’s stock worth $1,321,000 after purchasing an additional 296,199 shares in the last quarter. XTX Topco Ltd bought a new position in shares of BARK during the second quarter worth approximately $188,000. Finally, AQR Capital Management LLC acquired a new stake in shares of BARK in the second quarter valued at approximately $34,000. Institutional investors and hedge funds 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.