Blue Apron (APRN) Receiving Somewhat Positive Media Coverage, Report Finds

News headlines about Blue Apron (NYSE:APRN) have been trending somewhat positive on Saturday, Accern Sentiment Analysis reports. The research firm ranks the sentiment of news coverage by analyzing more than 20 million news and blog sources. Accern ranks coverage of public companies on a scale of negative one to one, with scores nearest to one being the most favorable. Blue Apron earned a media sentiment score of 0.22 on Accern’s scale. Accern also gave media headlines about the company an impact score of 45.2687046693012 out of 100, meaning that recent news coverage is somewhat unlikely to have an impact on the stock’s share price in the near future.

Here are some of the news stories that may have effected Accern’s analysis:

Shares of Blue Apron (APRN) opened at $3.84 on Friday. Blue Apron has a 12 month low of $2.94 and a 12 month high of $11.00. The company has a quick ratio of 2.73, a current ratio of 3.15 and a debt-to-equity ratio of 0.48.

Blue Apron (NYSE:APRN) last issued its quarterly earnings results on Thursday, November 2nd. The company reported ($0.47) earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of ($0.43) by ($0.04). The business had revenue of $210.60 million during the quarter, compared to analyst estimates of $191.47 million. During the same period in the previous year, the firm earned ($0.56) EPS. The business’s quarterly revenue was up 2.5% compared to the same quarter last year. sell-side analysts predict that Blue Apron will post -1.66 EPS for the current fiscal year.

A number of equities analysts recently commented on the company. KeyCorp reaffirmed a “sector weight” rating on shares of Blue Apron in a report on Monday, September 18th. Zacks Investment Research raised Blue Apron from a “sell” rating to a “hold” rating in a report on Monday, September 18th. Stifel Nicolaus cut Blue Apron from a “buy” rating to a “hold” rating and decreased their target price for the stock from $8.00 to $6.00 in a report on Friday, August 18th. Canaccord Genuity reaffirmed a “buy” rating and issued a $11.00 target price on shares of Blue Apron in a report on Thursday, September 14th. Finally, Oppenheimer reaffirmed a “market perform” rating on shares of Blue Apron in a report on Monday, August 21st. One equities research analyst has rated the stock with a sell rating, fourteen have given a hold rating and three have assigned a buy rating to the stock. The company presently has a consensus rating of “Hold” and a consensus target price of $7.04.

In other news, major shareholder First Round Capital Iv, L.P. sold 77,647 shares of the firm’s stock in a transaction dated Thursday, November 9th. The stock was sold at an average price of $3.13, for a total transaction of $243,035.11. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, major shareholder First Round Capital Iv Partner sold 110,482 shares of the firm’s stock in a transaction dated Tuesday, November 14th. The shares were sold at an average price of $3.07, for a total value of $339,179.74. The disclosure for this sale can be found here. Insiders sold a total of 2,010,459 shares of company stock valued at $6,446,924 in the last quarter.

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Blue Apron Company Profile

Blue Apron Holdings, Inc is a holding company. The Company is focused on providing recipes and fresh ingredients for making home cooking accessible. The Company offers under a novel business model in which it source, process, store and package meal ingredients and ship them directly to consumers. The Company’s core products include Meals and Wine.

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