Blue Apron Holdings Inc (APRN) General Counsel Benjamin C. Singer Sells 10,000 Shares

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.

Insider Buying and Selling by Quarter for Blue Apron (NYSE:APRN)

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