BARK (NYSE:BARK) Given New $2.50 Price Target at Citigroup

BARK (NYSE:BARK) had its target price raised by Citigroup from $2.00 to $2.50 in a research report released on Friday morning,Benzinga reports. They currently have a buy rating on the stock.

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

BARK Stock Performance

Shares of 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 of $1.85 and a two-hundred day moving average of $1.69. The stock has a market cap of $342.69 million, a P/E ratio of -10.94 and a beta of 1.92. BARK has a one year low of $0.74 and a one year high of $2.56.

Insider Buying and Selling at BARK

In related news, Chairman Matt Meeker purchased 34,000 shares of BARK stock in a transaction that occurred on Monday, November 11th. The stock was bought at an average cost of $1.52 per share, for a total transaction of $51,680.00. Following the completion of the transaction, the chairman now 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. Company insiders own 14.80% of the company’s stock.

Hedge Funds Weigh In On BARK

Several institutional investors have recently made changes to their positions in BARK. Rhumbline Advisers increased its holdings in BARK by 12.2% in the second quarter. Rhumbline Advisers now owns 148,335 shares of the company’s stock valued at $268,000 after buying an additional 16,185 shares in the last quarter. AQR Capital Management LLC purchased a new position in shares of BARK in the 2nd quarter valued at about $34,000. Intech Investment Management LLC acquired a new position in BARK in the 3rd quarter worth about $30,000. The Manufacturers Life Insurance Company boosted its position 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 purchasing an additional 20,110 shares in the last quarter. Finally, Gladius Capital Management LP acquired a new stake in BARK in the third quarter valued at approximately $35,000. 28.76% of the stock is owned by hedge funds and other institutional investors.

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.