BARK (NYSE:BARK) Stock Price Expected to Rise, Canaccord Genuity Group Analyst Says

BARK (NYSE:BARK) had its price objective boosted by stock analysts at Canaccord Genuity Group from $2.00 to $2.50 in a research note issued on Monday,Benzinga reports. The brokerage presently has a “hold” rating on the stock. Canaccord Genuity Group’s price objective points to a potential upside of 14.16% from the stock’s current price.

BARK Stock Performance

Shares of NYSE:BARK opened at $2.19 on Monday. BARK has a 52 week low of $0.70 and a 52 week high of $2.25. The company has a quick ratio of 1.49, a current ratio of 2.42 and a debt-to-equity ratio of 0.32. The company has a 50 day moving average price of $1.61 and a two-hundred day moving average price of $1.58.

Insider Activity

In other BARK news, Chairman Matt Meeker bought 34,000 shares of the stock in a transaction dated Monday, November 11th. The stock was purchased at an average cost of $1.52 per share, for a total transaction 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 approximately $16,316,379.20. This trade represents a 0.32 % increase in their ownership of the stock. 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 corporate insiders.

Hedge Funds Weigh In On BARK

Several institutional investors have recently bought and sold shares of the stock. Intech Investment Management LLC acquired a new position in shares of BARK in the 3rd quarter valued at $30,000. AQR Capital Management LLC acquired a new stake in shares of BARK in the second quarter valued at $34,000. Gladius Capital Management LP purchased a new stake in shares of BARK during the third quarter worth $35,000. Dynamic Technology Lab Private Ltd acquired a new position in shares of BARK in the 3rd quarter valued at $37,000. Finally, Price T Rowe Associates Inc. MD grew its holdings in shares of BARK by 27.4% during the first quarter. Price T Rowe Associates Inc. MD now owns 39,225 shares of the company’s stock worth $49,000 after buying an additional 8,436 shares during the last quarter. 28.76% of the stock is owned by hedge funds and other 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.