Virtu Financial LLC Takes $82,000 Position in BARK, Inc. (NYSE:BARK)

Virtu Financial LLC acquired a new position in BARK, Inc. (NYSE:BARK) in the fourth quarter, HoldingsChannel reports. The fund acquired 44,440 shares of the company’s stock, valued at approximately $82,000.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. US Bancorp DE bought a new stake in BARK during the 4th quarter valued at $31,000. Intech Investment Management LLC bought a new stake in BARK during the third quarter valued at about $30,000. Dynamic Technology Lab Private Ltd bought a new position in BARK in the third quarter worth about $37,000. SG Americas Securities LLC lifted its position in shares of BARK by 43.5% during the fourth quarter. SG Americas Securities LLC now owns 65,472 shares of the company’s stock valued at $120,000 after buying an additional 19,849 shares during the last quarter. Finally, Barclays PLC boosted its holdings in shares of BARK by 146.8% in the 3rd quarter. Barclays PLC now owns 211,446 shares of the company’s stock valued at $345,000 after buying an additional 125,756 shares in the last quarter. 28.76% of the stock is currently owned by institutional investors.

BARK Stock Down 0.4 %

Shares of BARK stock opened at $1.40 on Tuesday. The company has a 50 day moving average price of $1.69 and a 200 day moving average price of $1.75. The firm has a market capitalization of $244.01 million, a P/E ratio of -7.34 and a beta of 1.95. BARK, Inc. has a 52 week low of $1.01 and a 52 week high of $2.56.

BARK (NYSE:BARK) last posted its quarterly earnings data on Wednesday, February 5th. The company reported ($0.04) EPS for the quarter, missing the consensus estimate of ($0.02) by ($0.02). BARK had a negative return on equity of 15.34% and a negative net margin of 6.47%. As a group, research analysts anticipate that BARK, Inc. will post -0.09 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several research analysts recently commented on the stock. Citigroup boosted their price objective on shares of BARK from $2.00 to $2.50 and gave the stock a “buy” rating in a research note on Friday, January 3rd. Canaccord Genuity Group increased their price objective on BARK from $2.00 to $2.50 and gave the company a “hold” rating in a report on Monday, December 2nd. Finally, Lake Street Capital set a $3.00 target price on BARK in a research note on Tuesday, January 14th.

BARK 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.