BlackRock Fund Advisors 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 11.76% to 7.22 million shares with purchase of 0.76 million shares. This fresh investment now brings its stake to 4.03% valued currently at $5.94 million. In addition, The Vanguard Group, Inc. raised its holdings by 0.25 million to 5.2 million shares. And Archon Capital Management LLC has lifted its position by 33.19% or 0.98 million shares – to 3.93 million shares.
With over 6.86 million BARK Inc (BARK) shares trading Tuesday and a closing price of $0.96 on the day, the dollar volume was approximately $6.58 million. The shares have shown a negative half year performance of -38.06% and its price on 01/09/24 gained nearly 24.00%. Currently, there are 177.65M common shares owned by the public and among those 105.20M shares have been available to trade.
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Insiders at the company have transacted a total of 49 times over the past 12 months, according to data filed with the U.S. Securities and Exchange Commission (SEC). 18 of these insider trades were purchases, accounting for 3,129,827 shares. Insider sales of the common stock occurred on 31 occasions, with total insider shares sold totaling 521,014 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 $3.7 million. Vanguard Total Stock Market ETF bought 0.46 million shares to see its total holdings expand to 3.24 million shares valued at over $2.66 million and representing 1.81% of the shares outstanding. iShares Russell 2000 ETF bought 1539.0 shares to bring its total holdings to over 3.13 million shares at a value of $2.57 million. iShares Russell 2000 ETF now owns shares totaling to 1.75% of the shares outstanding.
Shares of BARK Inc (NYSE: BARK) opened at $0.8443, up $0.07 from a prior closing price of $0.77. The company’s stock has a 5-day price change of 27.57% and -14.29% over the past three months. BARK shares are trading 19.18% year to date (YTD), with the 12-month market performance down to -42.17% lower. It has a 12-month low price of $0.70 and touched a high of $2.29 over the same period. BARK has an average intraday trading volume of 892.39K shares. The stock is trading above its simple moving averages at the SMA20, SMA50, and SMA200, as the current price level is off by 24.03%, 15.40%, and -17.53% respectively.
Institutional ownership of BARK Inc (NYSE: BARK) shares accounts for 24.81% of the company’s 177.65M shares outstanding. Mutual fund holders own 12.50%, while other institutional holders and individual stakeholders account for 18.84% and 12.39% respectively.
It has a market capitalization of $172.11M and a beta (3y monthly) value of 1.43. The earnings-per-share (ttm) stands at -$0.32. Price movements for the stock have been influenced by the stock’s volatility, which stands at 10.06% over the week and 7.25% over the month.
Analysts forecast that BARK Inc (BARK) will achieve an EPS of -$0.05 for the current quarter, $0 for the next quarter and $0.03 for 2025. The lowest estimate earnings-per-share for the quarter is -$0.06 while analysts give the company a high EPS estimate of -$0.04. Comparatively, EPS for the current quarter was -$0.12 a year ago. Earnings per share for the fiscal year are expected to increase by 48.31%, and 75.25% 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 “Moderate Buy” at a consensus score of 2.00. Specifically, 2 Wall Street analysts polled rate the stock as a buy, while 2 of the 4 advise that investors “hold,” and 0 rated it as a “Sell.”
Looking at the support for the BARK, a number of firms have released research notes about the stock. Jefferies stated their Hold rating for the stock in a research note on December 19, 2023, with the firm’s price target at $1.34.
