SVB Wealth LLC Raises Stake in BARK, Inc. (NYSE:BARK)

SVB Wealth LLC increased its stake in BARK, Inc. (NYSE:BARK) by 100.0% during the fourth quarter, according to its most recent filing with the SEC. The fund owned 93,492 shares of the company’s stock after buying an additional 46,746 shares during the quarter. SVB Wealth LLC owned 0.05% of BARK worth $75,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. State Board of Administration of Florida Retirement System bought a new stake in BARK in the 3rd quarter valued at about $46,000. Rathbones Group PLC raised its stake in BARK by 60.0% in the 3rd quarter. Rathbones Group PLC now owns 80,000 shares of the company’s stock valued at $96,000 after acquiring an additional 30,000 shares during the period. SG Americas Securities LLC raised its stake in BARK by 39.9% in the 3rd quarter. SG Americas Securities LLC now owns 228,142 shares of the company’s stock valued at $274,000 after acquiring an additional 65,115 shares during the period. Bank of New York Mellon Corp raised its stake in BARK by 9.4% in the 3rd quarter. Bank of New York Mellon Corp now owns 361,342 shares of the company’s stock valued at $434,000 after acquiring an additional 31,120 shares during the period. Finally, Kent Lake Capital LLC bought a new stake in BARK in the 3rd quarter valued at about $2,400,000. 28.76% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Separately, Jefferies Financial Group upgraded BARK from a “hold” rating to a “buy” rating and boosted their price objective for the company from $1.54 to $1.90 in a research note on Tuesday, March 5th.

BARK Stock Up 1.4 %

Shares of BARK opened at $1.12 on Wednesday. The business’s 50-day moving average price is $1.22 and its 200-day moving average price is $1.01. BARK, Inc. has a twelve month low of $0.70 and a twelve month high of $1.64. The company has a current ratio of 2.64, a quick ratio of 1.56 and a debt-to-equity ratio of 0.28.

BARK (NYSE:BARK) last announced its quarterly earnings results on Wednesday, February 7th. The company reported ($0.07) earnings per share for the quarter, meeting the consensus estimate of ($0.07). BARK had a negative return on equity of 25.15% and a negative net margin of 9.36%. The firm had revenue of $125.08 million for the quarter. On average, analysts predict that BARK, Inc. will post -0.19 earnings per share for the current year.

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.