KeyCorp reissued their hold rating on shares of Blue Apron (NYSE:APRN) in a report issued on Friday.
Several other equities analysts have also issued reports on the company. Barclays raised Blue Apron from an underweight rating to an equal weight rating and lifted their price target for the stock from $3.00 to $4.00 in a research report on Monday. Royal Bank Of Canada lowered Blue Apron from an outperform rating to a sector perform rating and lowered their price target for the stock from $6.00 to $4.00 in a research report on Friday. Zacks Investment Research raised Blue Apron from a sell rating to a hold rating in a research report on Monday, November 6th. Needham & Company LLC reaffirmed a buy rating and issued a $5.00 price target (down previously from $6.50) on shares of Blue Apron in a research report on Friday, November 3rd. Finally, Stifel Nicolaus reaffirmed a hold rating and issued a $6.00 price target on shares of Blue Apron in a research report on Friday, November 3rd. One research analyst has rated the stock with a sell rating, fourteen have given a hold rating and three have given a buy rating to the stock. Blue Apron presently has an average rating of Hold and an average price target of $7.04.
Blue Apron (NYSE:APRN) opened at $3.76 on Friday. 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 52-week low of $2.94 and a 52-week high of $11.00.
Blue Apron (NYSE:APRN) last announced its quarterly earnings data on Thursday, November 2nd. The company reported ($0.47) EPS for the quarter, missing the 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. The company’s revenue for the quarter was up 2.5% on a year-over-year basis. During the same period in the prior year, the company earned ($0.56) earnings per share. sell-side analysts anticipate that Blue Apron will post -1.66 earnings per share for the current fiscal year.
In other Blue Apron news, major shareholder First Round Capital Iv, L.P. sold 77,647 shares of the business’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 transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, major shareholder First Round Capital Iv Partner sold 65,728 shares of the business’s stock in a transaction dated Wednesday, November 22nd. The shares were sold at an average price of $3.03, for a total value of $199,155.84. The disclosure for this sale can be found here. In the last three months, insiders sold 2,010,459 shares of company stock valued at $6,446,924.
Several institutional investors have recently added to or reduced their stakes in the business. FMR LLC bought a new position in shares of Blue Apron during the 2nd quarter valued at approximately $42,090,000. Capital World Investors bought a new position in shares of Blue Apron during the 2nd quarter valued at approximately $36,476,000. JPMorgan Chase & Co. bought a new position in Blue Apron in the 2nd quarter worth approximately $31,439,000. Victory Capital Management Inc. bought a new position in Blue Apron in the 2nd quarter worth approximately $14,010,000. Finally, Laurion Capital Management LP bought a new position in Blue Apron in the 2nd quarter worth approximately $10,274,000. Institutional investors and hedge funds own 58.35% of the company’s stock.
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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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