Blue Apron Holdings Inc (NYSE:APRN) has been assigned an average recommendation of “Hold” from the twelve research firms that are currently covering the stock, Marketbeat.com reports. Nine analysts have rated the stock with a hold recommendation and three have issued a buy recommendation on the company. The average 1-year target price among brokers that have issued a report on the stock in the last year is $3.23.
A number of equities research analysts have issued reports on the stock. ValuEngine raised shares of Blue Apron from a “hold” rating to a “buy” rating in a report on Friday, October 12th. Zacks Investment Research lowered shares of Blue Apron from a “buy” rating to a “hold” rating in a report on Thursday, August 2nd. SunTrust Banks reissued a “hold” rating and issued a $2.00 price target on shares of Blue Apron in a report on Thursday, August 2nd. Royal Bank of Canada reissued a “hold” rating and issued a $2.00 price target on shares of Blue Apron in a report on Friday, August 3rd. Finally, Barclays cut their price target on shares of Blue Apron from $3.50 to $2.50 and set an “equal weight” rating on the stock in a report on Monday, August 6th.
In other news, insider Ilia M. Papas sold 133,333 shares of the firm’s stock in a transaction dated Wednesday, November 7th. The shares were sold at an average price of $1.24, for a total value of $165,332.92. Following the completion of the sale, the insider now directly owns 194,976 shares of the company’s stock, valued at approximately $241,770.24. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, major shareholder First Round Capital Iv, L.P. sold 1,300,000 shares of the firm’s stock in a transaction dated Tuesday, September 25th. The stock was sold at an average price of $1.70, for a total transaction of $2,210,000.00. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 1,722,372 shares of company stock valued at $2,858,888. Corporate insiders own 56.24% of the company’s stock.
Several large investors have recently bought and sold shares of the company. FMR LLC purchased a new stake in shares of Blue Apron in the 3rd quarter worth about $3,431,000. SG Americas Securities LLC purchased a new position in Blue Apron during the 3rd quarter valued at about $208,000. Raymond James Trust N.A. lifted its position in Blue Apron by 216.9% during the 3rd quarter. Raymond James Trust N.A. now owns 150,451 shares of the company’s stock valued at $259,000 after acquiring an additional 102,982 shares during the period. Northern Trust Corp lifted its position in Blue Apron by 55.8% during the 2nd quarter. Northern Trust Corp now owns 85,533 shares of the company’s stock valued at $287,000 after acquiring an additional 30,625 shares during the period. Finally, Millennium Management LLC lifted its position in Blue Apron by 285.7% during the 2nd quarter. Millennium Management LLC now owns 2,242,735 shares of the company’s stock valued at $7,513,000 after acquiring an additional 1,661,211 shares during the period. 13.11% of the stock is owned by hedge funds and other institutional investors.
APRN stock opened at $1.23 on Friday. The company has a debt-to-equity ratio of 0.74, a quick ratio of 2.30 and a current ratio of 2.74. Blue Apron has a 52 week low of $1.02 and a 52 week high of $4.56. The firm has a market cap of $236.77 million, a P/E ratio of -0.75 and a beta of -0.10.
Blue Apron (NYSE:APRN) last released its earnings results on Thursday, August 2nd. The company reported ($0.17) EPS for the quarter, meeting the Thomson Reuters’ consensus estimate of ($0.17). The company had revenue of $179.60 million for the quarter, compared to analyst estimates of $188.51 million. Blue Apron had a negative net margin of 24.64% and a negative return on equity of 89.80%. The firm’s quarterly revenue was down 24.6% compared to the same quarter last year. During the same quarter last year, the firm earned ($0.47) EPS. Research analysts expect that Blue Apron will post -0.72 earnings per share for the current year.
About Blue Apron
Blue Apron Holdings, Inc operates an e-commerce marketplace that delivers original recipes and fresh ingredients for making home cooking accessible. It provides original recipes with the pre-portioned ingredients to complement tastes and lifestyles of college graduates, young couples, families, singles, and empty nesters.
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