BARK (NYSE:BARK) Announces Earnings Results, Misses Expectations By $0.02 EPS

BARK (NYSE:BARK) released its quarterly earnings results on Wednesday. The company reported ($0.04) earnings per share for the quarter, missing the consensus estimate of ($0.02) by ($0.02), Zacks reports. BARK had a negative net margin of 6.20% and a negative return on equity of 17.69%.

BARK Stock Up 2.9 %

Shares of NYSE:BARK traded up $0.06 during midday trading on Wednesday, hitting $1.96. The stock had a trading volume of 914,560 shares, compared to its average volume of 1,104,922. The company has a quick ratio of 1.49, a current ratio of 2.42 and a debt-to-equity ratio of 0.32. The business’s 50-day simple moving average is $2.03 and its 200-day simple moving average is $1.74. BARK has a 12 month low of $0.87 and a 12 month high of $2.56. The company has a market cap of $340.07 million, a P/E ratio of -10.86 and a beta of 1.94.

Analyst Upgrades and Downgrades

A number of analysts have recently commented on the company. Citigroup boosted their price target on BARK from $2.00 to $2.50 and gave the company a “buy” rating in a report on Friday, January 3rd. Canaccord Genuity Group boosted their price target on shares of BARK from $2.00 to $2.50 and gave the stock a “hold” rating in a research report on Monday, December 2nd.

Insider Buying and Selling at BARK

In related news, Chairman Matt Meeker acquired 34,000 shares of the firm’s stock in a transaction on Monday, November 11th. The shares were purchased at an average cost of $1.52 per share, for a total transaction of $51,680.00. Following the completion of the acquisition, the chairman now directly owns 10,734,460 shares in the company, valued at approximately $16,316,379.20. This trade represents a 0.32 % increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is accessible through the SEC website. Corporate insiders own 14.80% 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.