Blue Apron Holdings Inc (NYSE:APRN) Given Consensus Recommendation of “Hold” by Analysts

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Blue Apron Holdings Inc (NYSE:APRN) has been assigned an average recommendation of “Hold” from the eight brokerages that are presently covering the stock, MarketBeat reports. Seven investment analysts have rated the stock with a hold recommendation and one has assigned a buy recommendation to the company. The average 12 month target price among analysts that have issued a report on the stock in the last year is $22.51.

Several research firms recently issued reports on APRN. ValuEngine raised Blue Apron from a “hold” rating to a “buy” rating in a research note on Thursday, August 1st. Citigroup dropped their price objective on Blue Apron from $18.00 to $8.00 and set a “neutral” rating for the company in a research note on Thursday, July 11th.

In other Blue Apron news, insider Linda F. Kozlowski sold 4,674 shares of the firm’s stock in a transaction dated Monday, August 26th. The stock was sold at an average price of $7.14, for a total transaction of $33,372.36. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Insiders have sold 8,409 shares of company stock worth $60,040 in the last 90 days. Company insiders own 40.83% of the company’s stock.

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in APRN. Regal Investment Advisors LLC purchased a new stake in Blue Apron during the first quarter valued at about $36,000. Jane Street Group LLC purchased a new stake in Blue Apron during the second quarter valued at about $75,000. TAP Consulting LLC purchased a new stake in Blue Apron during the first quarter valued at about $77,000. Deutsche Bank AG raised its position in Blue Apron by 126.3% during the fourth quarter. Deutsche Bank AG now owns 99,644 shares of the company’s stock valued at $101,000 after purchasing an additional 55,617 shares in the last quarter. Finally, Bank of New York Mellon Corp raised its position in Blue Apron by 373.6% during the fourth quarter. Bank of New York Mellon Corp now owns 100,904 shares of the company’s stock valued at $103,000 after purchasing an additional 79,600 shares in the last quarter. Institutional investors and hedge funds own 13.13% of the company’s stock.

NYSE:APRN traded up $0.40 during trading hours on Friday, hitting $8.66. 868,195 shares of the company’s stock traded hands, compared to its average volume of 200,786. The firm has a market cap of $106.51 million, a P/E ratio of -0.92 and a beta of 1.03. Blue Apron has a 52 week low of $6.10 and a 52 week high of $28.88. The business’s fifty day simple moving average is $7.82 and its two-hundred day simple moving average is $3.92. The company has a quick ratio of 1.76, a current ratio of 2.33 and a debt-to-equity ratio of 0.74.

Blue Apron (NYSE:APRN) last posted its quarterly earnings data on Tuesday, August 6th. The company reported ($0.59) earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of ($1.08) by $0.49. The company had revenue of $119.20 million during the quarter, compared to analyst estimates of $138.13 million. Blue Apron had a negative return on equity of 57.90% and a negative net margin of 12.79%. The firm’s quarterly revenue was down 33.6% on a year-over-year basis. During the same quarter last year, the company earned ($0.17) earnings per share. On average, analysts expect that Blue Apron will post -4.59 EPS for the current year.

Blue Apron Company Profile

Blue Apron Holdings, Inc operates direct-to-consumer platform that delivers original recipes, and fresh and seasonal ingredients. It also operates Blue Apron Market, an e-commerce marketplace that provides cooking tools, utensils, and pantry items. In addition, the company offers Blue Apron Wine, a direct-to-consumer wine delivery service that sells wines, which can be paired with its meals; and supplies poultry, beef, and lamb.

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Analyst Recommendations for Blue Apron (NYSE:APRN)

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