Insider Buying: BARK, Inc. (NYSE:BARK) Director Acquires 16,850 Shares of Stock
BARK, Inc. (NYSE:BARK – Get Rating) Director Henrik Werdelin purchased 16,850 shares of the stock in a transaction on Monday, June 6th. The shares were acquired at an average cost of $1.72 per share, with a total value of $28,982.00. Following the transaction, the director now directly owns 631,223 shares in the company, valued at $1,085,703.56. The purchase was disclosed in a document filed with the SEC, which is available at the SEC website.
Shares of BARK stock traded up $0.12 during midday trading on Wednesday, hitting $1.75. The company had a trading volume of 7,040,246 shares, compared to its average volume of 2,824,728. The stock has a market capitalization of $306.79 million, a P/E ratio of -3.65 and a beta of 1.22. The company has a 50 day moving average of $2.88 and a 200 day moving average of $3.54. BARK, Inc. has a 52-week low of $1.51 and a 52-week high of $13.57.
BARK (NYSE:BARK – Get Rating) last posted its quarterly earnings results on Tuesday, May 31st. The company reported ($0.15) earnings per share for the quarter, missing the consensus estimate of ($0.06) by ($0.09). As a group, equities analysts expect that BARK, Inc. will post -0.34 earnings per share for the current fiscal year.
Several institutional investors have recently bought and sold shares of BARK. Geode Capital Management LLC purchased a new stake in BARK during the 3rd quarter valued at $4,629,000. Gabelli Funds LLC purchased a new stake in BARK during the 3rd quarter valued at $130,000. Bank of New York Mellon Corp purchased a new stake in BARK during the 3rd quarter valued at $433,000. Nordea Investment Management AB purchased a new stake in BARK during the 4th quarter valued at $4,091,000. Finally, Tokio Marine Asset Management Co. Ltd. boosted its stake in BARK by 101.4% during the 4th quarter. Tokio Marine Asset Management Co. Ltd. now owns 146,000 shares of the company’s stock valued at $616,000 after purchasing an additional 73,500 shares during the last quarter. Institutional investors own 40.61% of the company’s stock.
A number of research analysts have commented on BARK shares. Canaccord Genuity Group lowered their price target on BARK from $16.00 to $12.00 in a research report on Friday, February 11th. Canaccord Genuity Group reduced their target price on BARK from $10.00 to $8.00 in a report on Wednesday, June 1st. Finally, Zacks Investment Research downgraded BARK from a “hold” rating to a “sell” rating in a report on Wednesday, May 4th. One analyst has rated the stock with a sell rating and four have given a buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Buy” and an average price target of $12.07.
About BARK (Get Rating)
The Original BARK Company, a dog-centric company, provides products, services, and content for dogs. It operates through two segments, Direct to Consumer and Commerce. The company serves dogs through monthly subscription services. It offers monthly themed box of toys and treats under the BarkBox and Super Chewer names; personalized meal plans under the BARK Eats name; health and wellness products under the BARK Bright name; and dog beds, bowls, collars, harnesses, and leashes under the BARK Home brand.
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