News stories about Blue Apron (NYSE:APRN) have been trending somewhat positive this week, according to Accern Sentiment. The research group identifies positive and negative media coverage by analyzing more than twenty million news and blog sources. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Blue Apron earned a news sentiment score of 0.16 on Accern’s scale. Accern also gave media stories about the company an impact score of 45.6676684244821 out of 100, meaning that recent media coverage is somewhat unlikely to have an impact on the company’s share price in the next several days.
Here are some of the news stories that may have effected Accern’s rankings:
A number of brokerages have issued reports on APRN. Royal Bank Of Canada cut shares of Blue Apron from an “outperform” rating to a “sector perform” rating and dropped their target price for the company from $6.00 to $4.00 in a report on Friday. Citigroup cut shares of Blue Apron from a “buy” rating to a “neutral” rating and dropped their target price for the company from $10.00 to $5.50 in a report on Friday, August 11th. Zacks Investment Research cut shares of Blue Apron from a “hold” rating to a “sell” rating in a report on Tuesday, October 17th. CIBC reaffirmed a “market perform” rating on shares of Blue Apron in a report on Monday, August 21st. Finally, SunTrust Banks reaffirmed a “hold” rating and issued a $5.50 target price on shares of Blue Apron in a report on Tuesday, October 24th. One 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 company’s stock. The stock has a consensus rating of “Hold” and a consensus target price of $7.04.
Shares of Blue Apron (APRN) traded up $0.24 on Monday, hitting $3.23. 6,356,000 shares of the stock were exchanged, compared to its average volume of 3,071,561. The company has a debt-to-equity ratio of 0.48, a current ratio of 3.15 and a quick ratio of 2.73. Blue Apron has a fifty-two week low of $2.94 and a fifty-two week high of $11.00.
Blue Apron (NYSE:APRN) last issued its quarterly earnings data on Thursday, November 2nd. The company reported ($0.47) earnings per share for the quarter, missing the Zacks’ consensus estimate of ($0.43) by ($0.04). The firm had revenue of $210.60 million for the quarter, compared to analyst estimates of $191.47 million. During the same period last year, the business posted ($0.56) earnings per share. Blue Apron’s quarterly revenue was up 2.5% on a year-over-year basis. sell-side analysts expect that Blue Apron will post -1.66 earnings per share for the current fiscal year.
In other news, major shareholder First Round Capital Iv, L.P. sold 77,647 shares of the firm’s stock in a transaction that occurred on Thursday, November 9th. The shares were sold at an average price of $3.13, for a total transaction of $243,035.11. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, major shareholder First Round Capital Iv Partner sold 189,819 shares of the firm’s stock in a transaction that occurred on Monday, November 20th. The stock was sold at an average price of $3.04, for a total transaction of $577,049.76. The disclosure for this sale can be found here. Over the last three months, insiders have sold 2,010,459 shares of company stock valued at $6,446,924.
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About Blue Apron
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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