Blue Apron Holdings Inc (NYSE:APRN) General Counsel Benjamin C. Singer sold 10,000 shares of the business’s stock in a transaction that occurred on Friday, February 16th. The stock was sold at an average price of $3.50, for a total value of $35,000.00. Following the transaction, the general counsel now directly owns 10,000 shares in the company, valued at $35,000. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link.
Shares of Blue Apron Holdings Inc (NYSE APRN) opened at $3.39 on Wednesday. Blue Apron Holdings Inc has a twelve month low of $2.94 and a twelve month high of $11.00. The company has a current ratio of 3.15, a quick ratio of 2.73 and a debt-to-equity ratio of 0.48.
Blue Apron (NYSE:APRN) last issued its quarterly earnings results on Tuesday, February 13th. The company reported ($0.20) earnings per share for the quarter, beating the Zacks’ consensus estimate of ($0.27) by $0.07. The firm had revenue of $187.70 million during the quarter, compared to the consensus estimate of $186.13 million. During the same quarter last year, the firm posted ($0.39) earnings per share. Blue Apron’s revenue was down 13.1% compared to the same quarter last year. equities research analysts anticipate that Blue Apron Holdings Inc will post -0.74 EPS for the current fiscal year.
Several hedge funds and other institutional investors have recently modified their holdings of the company. Royal Bank of Canada bought a new stake in shares of Blue Apron in the 2nd quarter valued at approximately $141,000. Wells Fargo & Company MN increased its holdings in shares of Blue Apron by 27.4% in the 3rd quarter. Wells Fargo & Company MN now owns 85,530 shares of the company’s stock valued at $467,000 after acquiring an additional 18,370 shares during the last quarter. Bank of New York Mellon Corp bought a new stake in shares of Blue Apron in the 3rd quarter valued at approximately $120,000. BBR Partners LLC bought a new stake in shares of Blue Apron in the 3rd quarter valued at approximately $147,000. Finally, Geode Capital Management LLC increased its holdings in shares of Blue Apron by 39.8% in the 4th quarter. Geode Capital Management LLC now owns 156,799 shares of the company’s stock valued at $631,000 after acquiring an additional 44,602 shares during the last quarter. Institutional investors and hedge funds own 75.11% of the company’s stock.
APRN has been the topic of several analyst reports. SunTrust Banks restated a “hold” rating and set a $5.50 price objective on shares of Blue Apron in a report on Tuesday, October 24th. Zacks Investment Research downgraded Blue Apron from a “hold” rating to a “sell” rating in a report on Wednesday, January 3rd. Stifel Nicolaus restated a “hold” rating and set a $6.00 price objective on shares of Blue Apron in a report on Friday, November 3rd. Needham & Company LLC restated a “buy” rating and set a $5.00 price objective (down from $6.50) on shares of Blue Apron in a report on Friday, November 3rd. Finally, Royal Bank of Canada restated a “hold” rating and set a $4.00 price objective on shares of Blue Apron in a report on Wednesday, February 14th. Fifteen investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. The stock presently has a consensus rating of “Hold” and an average target price of $6.70.
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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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