BARK (NYSE:BARK) Given New $2.50 Price Target at Canaccord Genuity Group

BARK (NYSE:BARK) had its price target lifted by Canaccord Genuity Group from $2.00 to $2.50 in a report released on Monday,Benzinga reports. Canaccord Genuity Group currently has a hold rating on the stock.

BARK Trading Down 2.3 %

Shares of BARK stock opened at $2.14 on Monday. The company has a market cap of $372.25 million, a P/E ratio of -12.28 and a beta of 1.92. The stock has a 50 day simple moving average of $1.62 and a two-hundred day simple moving average of $1.58. The company has a debt-to-equity ratio of 0.32, a quick ratio of 1.49 and a current ratio of 2.42. BARK has a fifty-two week low of $0.70 and a fifty-two week high of $2.25.

Insiders Place Their Bets

In other news, Chairman Matt Meeker acquired 34,000 shares of BARK stock in a transaction on Monday, November 11th. The stock was purchased at an average price of $1.52 per share, with a total value of $51,680.00. Following the completion of the purchase, the chairman now 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 position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. 14.80% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On BARK

A number of hedge funds have recently added to or reduced their stakes in the company. Vanguard Group Inc. grew its stake in BARK by 5.0% in the first quarter. Vanguard Group Inc. now owns 6,207,032 shares of the company’s stock valued at $7,697,000 after acquiring an additional 298,343 shares during the period. Geode Capital Management LLC grew its stake in BARK by 7.0% in the third quarter. Geode Capital Management LLC now owns 2,831,583 shares of the company’s stock valued at $4,616,000 after acquiring an additional 186,427 shares during the period. State Street Corp grew its stake in BARK by 7.1% in the third quarter. State Street Corp now owns 2,398,571 shares of the company’s stock valued at $3,910,000 after acquiring an additional 158,347 shares during the period. Charles Schwab Investment Management Inc. grew its stake in BARK by 9.2% in the third quarter. Charles Schwab Investment Management Inc. now owns 1,004,911 shares of the company’s stock valued at $1,638,000 after acquiring an additional 84,749 shares during the period. Finally, Renaissance Technologies LLC grew its stake in BARK by 68.3% in the second quarter. Renaissance Technologies LLC now owns 729,917 shares of the company’s stock valued at $1,321,000 after acquiring an additional 296,199 shares during the period. Institutional investors and hedge funds own 28.76% of the company’s stock.

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.