Headlines about Blue Apron (NYSE:APRN) have trended somewhat positive on Tuesday, according to Accern. The research firm identifies negative and positive media coverage by analyzing more than twenty million news and blog sources in real time. Accern ranks coverage of companies on a scale of -1 to 1, with scores closest to one being the most favorable. Blue Apron earned a media sentiment score of 0.05 on Accern’s scale. Accern also gave news coverage about the company an impact score of 46.3528663597878 out of 100, indicating that recent media coverage is somewhat unlikely to have an impact on the company’s share price in the near future.
These are some of the media stories that may have impacted Accern’s analysis:
Several research analysts have weighed in on the company. Barclays cut their price objective on Blue Apron from $7.00 to $5.00 and set an “equal weight” rating on the stock in a research report on Friday, August 11th. SunTrust Banks cut Blue Apron from a “buy” rating to a “hold” rating and cut their price objective for the stock from $12.00 to $5.50 in a research report on Friday, August 11th. KeyCorp restated a “hold” rating on shares of Blue Apron in a research note on Friday. Oppenheimer lowered Blue Apron from an “outperform” rating to a “market perform” rating and set a $11.00 target price on the stock. in a research note on Friday, August 11th. Finally, Needham & Company LLC restated a “buy” rating and issued a $6.50 target price (down from $10.00) on shares of Blue Apron in a research note on Friday, August 11th. One equities 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. The stock has an average rating of “Hold” and an average target price of $7.04.
Blue Apron (NYSE APRN) opened at $3.76 on Tuesday. Blue Apron has a fifty-two week low of $2.94 and a fifty-two week high of $11.00. The company has a debt-to-equity ratio of 0.48, a quick ratio of 2.73 and a current ratio of 3.15.
Blue Apron (NYSE:APRN) last posted its quarterly earnings data on Thursday, November 2nd. The company reported ($0.47) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.43) by ($0.04). The firm had revenue of $210.60 million during the quarter, compared to analysts’ expectations of $191.47 million. During the same period in the prior year, the firm earned ($0.56) EPS. The company’s quarterly revenue was up 2.5% on a year-over-year basis. sell-side analysts predict that Blue Apron will post -1.66 EPS for the current fiscal year.
In other Blue Apron news, major shareholder First Round Capital Iv Partner sold 104,139 shares of the company’s stock in a transaction that occurred on Thursday, November 16th. The stock was sold at an average price of $3.08, for a total transaction of $320,748.12. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, major shareholder First Round Capital Iv, L.P. sold 1,460,435 shares of the company’s stock in a transaction that occurred on Tuesday, November 7th. The shares were sold at an average price of $3.26, for a total value of $4,761,018.10. The disclosure for this sale can be found here. Insiders have sold a total of 2,010,459 shares of company stock valued at $6,446,924 over the last 90 days.
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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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