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

BARK (NYSE:BARK) had its target price boosted by equities research analysts at Citigroup from $2.00 to $2.50 in a research report issued on Friday,Benzinga reports. The brokerage currently has a “buy” rating on the stock. Citigroup’s price target points to a potential upside of 26.90% from the stock’s previous close.

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

BARK Stock Performance

Shares of BARK opened at $1.97 on Friday. The firm has a market cap of $342.69 million, a price-to-earnings ratio of -10.94 and a beta of 1.92. The company’s fifty day moving average is $1.85 and its 200-day moving average is $1.69. The company has a quick ratio of 1.49, a current ratio of 2.42 and a debt-to-equity ratio of 0.32. BARK has a 12 month low of $0.74 and a 12 month high of $2.56.

Insider Activity

In other news, Chairman Matt Meeker purchased 34,000 shares of the firm’s stock in a transaction 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 acquisition, the chairman now directly owns 10,734,460 shares of the company’s stock, valued at approximately $16,316,379.20. The trade was a 0.32 % increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 14.80% of the company’s stock.

Hedge Funds Weigh In On BARK

Several large investors have recently made changes to their positions in BARK. AQR Capital Management LLC bought a new position in BARK during the second quarter worth $34,000. Intech Investment Management LLC bought a new position in shares of BARK during the 3rd quarter worth about $30,000. Gladius Capital Management LP acquired a new position in shares of BARK during the third quarter valued at about $35,000. Dynamic Technology Lab Private Ltd bought a new stake in shares of BARK in the third quarter valued at about $37,000. Finally, Brown Brothers Harriman & Co. acquired a new stake in BARK during the third quarter worth about $56,000. Institutional investors and hedge funds own 28.76% of the company’s stock.

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.