Blue Apron Holdings Inc (NYSE:APRN) CTO Ilia M. Papas sold 133,333 shares of the company’s stock in a transaction dated Friday, February 16th. The shares were sold at an average price of $3.54, for a total transaction of $471,998.82. Following the completion of the transaction, the chief technology officer now directly owns 140,833 shares of the company’s stock, valued at $498,548.82. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink.
Shares of Blue Apron Holdings Inc (APRN) traded down $0.17 during mid-day trading on Tuesday, hitting $3.39. 3,273,736 shares of the stock traded hands, compared to its average volume of 2,847,028. The company has a quick ratio of 2.73, a current ratio of 3.15 and a debt-to-equity ratio of 0.48. Blue Apron Holdings Inc has a twelve month low of $2.94 and a twelve month high of $11.00. The company has a market capitalization of $651.88 and a PE ratio of -3.03.
Blue Apron (NYSE:APRN) last issued its quarterly earnings results on Tuesday, February 13th. The company reported ($0.20) EPS for the quarter, topping the consensus estimate of ($0.27) by $0.07. The company had revenue of $187.70 million for the quarter, compared to the consensus estimate of $186.13 million. During the same period in the previous year, the business posted ($0.39) EPS. The business’s revenue for the quarter was down 13.1% on a year-over-year basis. equities research analysts expect that Blue Apron Holdings Inc will post -0.74 earnings per share for the current fiscal year.
Hedge funds have recently modified their holdings of the company. Royal Bank of Canada bought a new position in shares of Blue Apron during the second quarter worth about $141,000. Bank of New York Mellon Corp bought a new position in shares of Blue Apron during the third quarter worth about $120,000. BBR Partners LLC bought a new position in shares of Blue Apron during the third quarter worth about $147,000. Dynamic Technology Lab Private Ltd bought a new position in shares of Blue Apron during the third quarter worth about $364,000. Finally, Wells Fargo & Company MN bought a new position in shares of Blue Apron during the second quarter worth about $627,000. 75.11% of the stock is currently owned by institutional investors and hedge funds.
A number of equities analysts have weighed in on APRN shares. Needham & Company LLC reissued a “buy” rating and issued a $5.00 price objective (down from $6.50) on shares of Blue Apron in a research report on Friday, November 3rd. Canaccord Genuity decreased their price objective on shares of Blue Apron from $11.00 to $10.00 and set a “buy” rating for the company in a research report on Friday, November 3rd. Gabelli started coverage on shares of Blue Apron in a research report on Friday, February 2nd. They issued a “buy” rating and a $6.00 price objective for the company. Barclays raised shares of Blue Apron from an “underweight” rating to an “equal weight” rating and upped their price objective for the company from $3.00 to $4.00 in a research report on Monday, December 4th. Finally, Morgan Stanley decreased their price objective on shares of Blue Apron from $4.70 to $4.50 and set an “equal weight” rating for the company in a research report on Wednesday, February 14th. Fifteen equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. Blue Apron presently has an average rating of “Hold” and a consensus target price of $6.70.
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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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