Capital Research & Management Co recently announced the acquisition of new stake in BARK Inc. (NYSE:BARK). The institutional investor has increased its shareholding in the Consumer Cyclical company by 80.00% to 4.5 million shares with purchase of 2.0 million shares. This fresh investment now brings its stake to 2.53% valued currently at $4.95 million. In addition, The Vanguard Group, Inc. raised its holdings by 0.16 million to 4.18 million shares. And Morgan Stanley Investment Managem has lifted its position by 4.63% or 0.15 million shares – to 3.45 million shares.
With over 1.96 million BARK Inc. (BARK) shares trading Monday and a closing price of $1.25 on the day, the dollar volume was approximately $2.45 million. The shares have shown a negative half year performance of -31.69% and its price on 05/22/23 gained nearly 7.76%. Currently, there are 177.67M common shares owned by the public and among those 122.91M shares have been available to trade.
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An analysis of what Wall Street brokers have to say about the expected price targets for this stock gives us this picture: 4 analysts who have offered their price forecasts for BARK have a consensus price objective of $4.30. The analysts have set the share’s price value over the next 12 months at a high of $7.00 and a low of $2.20. The average price target is 70.93% above its recent price level and an upside to the estimated low will see the stock gain 43.18% over that period. But an upside of 82.14% will see the stock hit the forecast high price target while median target price for the stock is $4.00.
Insiders at the company have transacted a total of 37 times over the past 12 months, according to data filed with the U.S. Securities and Exchange Commission (SEC). 23 of these insider trades were purchases, accounting for 2,962,682 shares. Insider sales of the common stock occurred on 14 occasions, with total insider shares sold totaling 124,227 shares.
The top 3 mutual fund holders in BARK Inc. are American Funds Small Cap World Fu, Vanguard Total Stock Market ETF, and iShares Russell 2000 ETF. American Funds Small Cap World Fu owns 4.5 million shares of the company’s stock, all valued at over $4.95 million. iShares Russell 2000 ETF sold 33600.0 shares to bring its total holdings to over 2.3 million shares at a value of $2.53 million. iShares Russell 2000 ETF now owns shares totaling to 1.29% of the shares outstanding.
Shares of BARK Inc. (NYSE: BARK) opened at $1.17, up $0.01 from a prior closing price of $1.16. However, the script later moved the day high at 1.3284, up 7.76%. The company’s stock has a 5-day price change of 16.82% and -10.71% over the past three months. BARK shares are trading -16.11% year to date (YTD), with the 12-month market performance down to -52.83% lower. It has a 12-month low price of $1.00 and touched a high of $2.75 over the same period. BARK has an average intraday trading volume of 1.07 million shares. The stock is trading above its simple moving averages at the SMA20, SMA50, and SMA200, as the current price level is off by 15.53%, 5.77%, and -23.78% respectively.
Institutional ownership of BARK Inc. (NYSE: BARK) shares accounts for 42.00% of the company’s 177.67M shares outstanding. Mutual fund holders own 11.26%, while other institutional holders and individual stakeholders account for 18.31% and 10.60% respectively.
It has a market capitalization of $220.15M. The earnings-per-share (ttm) stands at -$0.48. Price movements for the stock have been influenced by the stock’s volatility, which stands at 7.37% over the week and 5.18% over the month.
Analysts forecast that BARK Inc. (BARK) will achieve an EPS of $Tuttle Capital Short Innovation for the current quarter, $31.35 for the next quarter and $Stocks for Type. The lowest estimate earnings-per-share for the quarter is $Remark Holdings, Inc. while analysts give the company a high EPS estimate of $Braskem SA. Comparatively, EPS for the current quarter was $YieldMax Innovation Option Inco a year ago. Earnings per share for the fiscal year are expected to decrease by -157.80%, and 51.70% over the next financial year.
If you are looking to buy this stock, then you may note that the average analyst recommendation by 4 brokerage firm advisors rate BARK Inc. (BARK) as a “Strong Buy” at a consensus score of 1.20. Specifically, 4 Wall Street analysts polled rate the stock as a buy, while 0 of the 4 advise that investors “hold,” and 0 rated it as a “Sell.”
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