Blue Apron Holdings Inc (NYSE:APRN) has earned a consensus rating of “Hold” from the eight brokerages that are currently covering the firm, Marketbeat reports. Seven research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. The average twelve-month price objective among brokerages that have covered the stock in the last year is $22.51.

Several brokerages recently weighed in on APRN. Citigroup decreased their target price 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. ValuEngine raised Blue Apron from a “hold” rating to a “buy” rating in a research note on Thursday, August 1st.

APRN stock traded down $0.03 during trading hours on Tuesday, hitting $7.45. 357,300 shares of the stock traded hands, compared to its average volume of 797,485. The stock has a 50-day simple moving average of $8.15 and a 200 day simple moving average of $3.16. Blue Apron has a one year low of $6.10 and a one year high of $34.80. The company has a market cap of $97.88 million, a P/E ratio of -0.79 and a beta of 0.95. The company has a current ratio of 2.33, a quick ratio of 1.76 and a debt-to-equity ratio of 0.74.

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

In related news, CEO Linda F. Kozlowski sold 45,689 shares of the stock in a transaction on Wednesday, May 29th. The stock was sold at an average price of $0.69, for a total value of $31,525.41. Following the completion of the transaction, the chief executive officer now owns 98,143 shares in the company, valued at approximately $67,718.67. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO Timothy Bensley sold 44,055 shares of the stock in a transaction on Wednesday, May 29th. The shares were sold at an average price of $0.69, for a total value of $30,397.95. Following the completion of the transaction, the chief financial officer now owns 82,226 shares of the company’s stock, valued at approximately $56,735.94. The disclosure for this sale can be found here. Insiders have sold 103,928 shares of company stock valued at $71,710 in the last ninety days. Company insiders own 40.83% of the company’s stock.

Several large investors have recently added to or reduced their stakes in APRN. River & Mercantile Asset Management LLP lifted its stake in Blue Apron by 39.1% in the 1st quarter. River & Mercantile Asset Management LLP now owns 7,243,581 shares of the company’s stock worth $7,059,000 after acquiring an additional 2,037,600 shares in the last quarter. Baillie Gifford & Co. lifted its stake in Blue Apron by 69.6% in the 1st quarter. Baillie Gifford & Co. now owns 2,227,600 shares of the company’s stock worth $2,183,000 after acquiring an additional 914,200 shares in the last quarter. Laurion Capital Management LP purchased a new stake in Blue Apron in the 1st quarter worth about $349,000. Geode Capital Management LLC lifted its stake in Blue Apron by 94.5% in the 4th quarter. Geode Capital Management LLC now owns 545,215 shares of the company’s stock worth $556,000 after acquiring an additional 264,970 shares in the last quarter. Finally, Tenzing Global Management LLC purchased a new stake in Blue Apron in the 2nd quarter worth about $1,774,000.

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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