Lake Street Reiterates Buy Rating for BARK, Inc.
Lake Street maintains its buy rating on BARK, Inc. with a price target of $12, a 22.95% upside from the current price.
Key Points
- Lake Street reiterated its buy rating for BARK, Inc. (NYSE:BARK) with a price target of $12 on June 10, 2026.
- Lake Street's $12 price target implies 22.95% upside from BARK, Inc.'s ($BARK) current $9.76 share price.
- BARK shares traded near $9.76 with a market cap of approximately $85.8 million and a 52-week range of $8.15 to $22.6.
- Insider activity included sales by executives like Chief Revenue Officer Michael Scott, while analysts from firms like Canaccord Genuity maintained their ratings.
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Lake Street reiterated its buy rating for BARK, Inc. (NYSE:BARK) on June 10, 2026, setting a price target of $12. The recommendation comes as shares of BARK traded near $9.76.
Other Institutional Activity in BARK, Inc.
BLACKROCK, INC. significantly reduced its holdings by 6,466,196 shares, ending with 333,087 shares valued at about $3.37 million. VANGUARD CAPITAL MANAGEMENT LLC initiated a position with 265,333 shares, valued at approximately $2.69 million. SHAY CAPITAL LLC cut its stake by 5,367,737 shares, retaining 143,863 shares worth around $1.46 million. GEODE CAPITAL MANAGEMENT, LLC trimmed its holdings by 2,384,350 shares, now holding 127,602 shares valued at about $1.31 million. STATE STREET CORP also reduced its position by 2,202,697 shares, leaving 116,509 shares valued at approximately $1.18 million.
BARK, Inc. Stock Down 10.6%
Shares of NYSE:BARK traded near $9.76. BARK, Inc. has a market cap of about $85.8 million and a beta of 1.931, indicating higher volatility compared to the market. The stock's 52-week range is between $8.15 and $22.6. Its 50-day moving average is $9.38, while the 200-day moving average is $13.90. The company has a current ratio of 1.862 and a quick ratio of 0.483, with a debt-to-equity ratio of 52.316.
Recent Earnings
BARK, Inc. reported revenue of $394.84 million, though it experienced a revenue decline of 25%. The company posted a net margin of -9.88% and a return on equity of -45.48%. The next earnings report is expected on June 9, 2026.
Insider Buying and Selling at BARK, Inc.
On June 10, 2026, Chief Revenue Officer Michael Scott sold 156 shares at an average price of $10.13. Earlier, on June 8, Scott sold 4,022 shares at $9.56. On the same day, Chief Legal Officer Allison Koehler sold 3,823 shares at $9.56 but also bought 10,460 shares with no price specified. Executive Chairman Matt Meeker sold 8,915 shares at $9.56, while also purchasing 36,611 shares without a specified price.
Analysts Set New Price Targets
On June 10, 2026, Lake Street maintained its buy rating for BARK, Inc. with a $12 price target. Canaccord Genuity previously maintained a hold rating with a $15 target on April 2, 2026. The consensus recommendation is a buy, with a mean price target of $29 from three analysts.
About BARK, Inc.
BARK, Inc. is a Brooklyn-based company that specializes in products and services for dogs. Founded in 2011, it offers a range of dog-centric products, including subscription boxes under the BarkBox and Super Chewer brands, as well as toys and treats. The company operates in the Consumer Cyclical sector within the Specialty Retail industry and employs about 501 people under the leadership of CEO Matt Meeker.
Bottom Line
Lake Street's reiterated buy rating for BARK, Inc. reflects ongoing confidence in the company's potential. While the stock has faced challenges, as shown in its recent earnings and insider sales, the reiterated rating and target suggest positive expectations. As always, 13F filings and analyst ratings are backward-looking and should be considered as part of a broader investment strategy.
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