Shares of Blue Apron Holdings Inc (NYSE:APRN) have received a consensus recommendation of “Hold” from the twelve brokerages that are presently covering the company, MarketBeat Ratings reports. Nine analysts have rated the stock with a hold rating and three have given a buy rating to the company. The average 1-year price objective among analysts that have covered the stock in the last year is $3.23.

A number of analysts have recently commented on APRN shares. Zacks Investment Research upgraded shares of Blue Apron from a “sell” rating to a “hold” rating in a research note on Thursday, August 30th. Canaccord Genuity reiterated a “buy” rating and issued a $6.00 price target on shares of Blue Apron in a research note on Thursday, August 2nd. Morgan Stanley reduced their price target on shares of Blue Apron from $1.90 to $1.30 and set an “equal weight” rating for the company in a research note on Friday, August 3rd. Barclays reduced their price target on shares of Blue Apron from $3.50 to $2.50 and set an “equal weight” rating for the company in a research note on Monday, August 6th. Finally, Royal Bank of Canada reiterated a “hold” rating and issued a $2.00 price target on shares of Blue Apron in a research note on Friday, August 3rd.

Shares of APRN stock opened at $1.23 on Friday. Blue Apron has a 52 week low of $1.02 and a 52 week high of $4.56. The company has a market capitalization of $236.77 million, a PE ratio of -0.75 and a beta of -0.10. The company has a debt-to-equity ratio of 0.74, a current ratio of 2.74 and a quick ratio of 2.30.

Blue Apron (NYSE:APRN) last announced its quarterly earnings results on Thursday, August 2nd. The company reported ($0.17) EPS for the quarter, hitting analysts’ consensus estimates of ($0.17). Blue Apron had a negative net margin of 24.64% and a negative return on equity of 89.80%. The firm had revenue of $179.60 million during the quarter, compared to analyst estimates of $188.51 million. During the same period in the previous year, the business posted ($0.47) earnings per share. The business’s revenue for the quarter was down 24.6% on a year-over-year basis. Equities research analysts anticipate that Blue Apron will post -0.72 EPS for the current fiscal year.

In related news, major shareholder First Round Capital Iv, L.P. sold 1,300,000 shares of the business’s stock in a transaction that occurred on Tuesday, September 25th. The shares were sold at an average price of $1.70, for a total transaction of $2,210,000.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Ilia M. Papas sold 133,333 shares of the business’s stock in a transaction that occurred on Friday, September 7th. The shares were sold at an average price of $1.78, for a total transaction of $237,332.74. Following the sale, the insider now owns 194,976 shares of the company’s stock, valued at $347,057.28. The disclosure for this sale can be found here. Insiders have sold 1,722,372 shares of company stock valued at $2,858,888 over the last 90 days. 56.24% of the stock is currently owned by company insiders.

Several institutional investors and hedge funds have recently bought and sold shares of the business. River & Mercantile Asset Management LLP boosted its position in shares of Blue Apron by 3.7% in the second quarter. River & Mercantile Asset Management LLP now owns 4,025,413 shares of the company’s stock worth $13,425,000 after purchasing an additional 142,660 shares during the period. Millennium Management LLC boosted its position in shares of Blue Apron by 285.7% in the second quarter. Millennium Management LLC now owns 2,242,735 shares of the company’s stock worth $7,513,000 after purchasing an additional 1,661,211 shares during the period. FMR LLC bought a new position in shares of Blue Apron in the third quarter worth approximately $3,431,000. Raymond James Trust N.A. boosted its position in shares of Blue Apron by 216.9% in the third quarter. Raymond James Trust N.A. now owns 150,451 shares of the company’s stock worth $259,000 after purchasing an additional 102,982 shares during the period. Finally, SG Americas Securities LLC bought a new position in shares of Blue Apron in the third quarter worth approximately $208,000. Institutional investors and hedge funds own 13.11% of the company’s stock.

Blue Apron Company Profile

Blue Apron Holdings, Inc operates an e-commerce marketplace that delivers original recipes and fresh ingredients for making home cooking accessible. It provides original recipes with the pre-portioned ingredients to complement tastes and lifestyles of college graduates, young couples, families, singles, and empty nesters.

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Analyst Recommendations for Blue Apron (NYSE:APRN)

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