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

BARK (NYSE:BARK) had its target price upped by Canaccord Genuity Group from $2.00 to $2.50 in a research note issued to investors on Monday,Benzinga reports. The brokerage currently has a “hold” rating on the stock. Canaccord Genuity Group’s price target would indicate a potential upside of 16.82% from the stock’s current price.

BARK Stock Down 0.9 %

BARK opened at $2.14 on Monday. The stock’s fifty day simple moving average is $1.60 and its 200 day simple moving average is $1.57. 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 stock has a market cap of $372.26 million, a PE ratio of -11.89 and a beta of 1.72. BARK has a 1-year low of $0.70 and a 1-year high of $2.25.

Insiders Place Their Bets

In other BARK news, Chairman Matt Meeker bought 34,000 shares of the stock in a transaction dated Monday, November 11th. The shares were bought at an average cost of $1.52 per share, with a total value of $51,680.00. Following the completion of the acquisition, the chairman now 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 ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is accessible through this link. Company insiders own 14.80% of the company’s stock.

Institutional Investors Weigh In On BARK

Several institutional investors have recently made changes to their positions in the stock. Roubaix Capital LLC bought a new stake in BARK during the third quarter worth about $894,000. Vanguard Group Inc. lifted its holdings in shares of BARK by 5.0% during the 1st quarter. Vanguard Group Inc. now owns 6,207,032 shares of the company’s stock worth $7,697,000 after acquiring an additional 298,343 shares during the period. Renaissance Technologies LLC increased its stake in BARK by 68.3% in the second quarter. Renaissance Technologies LLC now owns 729,917 shares of the company’s stock valued at $1,321,000 after acquiring an additional 296,199 shares during the last quarter. Geode Capital Management LLC raised its position in BARK by 7.0% during the third quarter. Geode Capital Management LLC now owns 2,831,583 shares of the company’s stock valued at $4,616,000 after purchasing an additional 186,427 shares in the last quarter. Finally, State Street Corp lifted its stake in BARK by 7.1% during the third quarter. State Street Corp now owns 2,398,571 shares of the company’s stock worth $3,910,000 after purchasing an additional 158,347 shares during the last quarter. 28.76% of the stock is currently owned by institutional investors.

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.