Blue Apron Holdings Inc (NYSE:APRN) has been given a consensus rating of “Hold” by the twelve ratings firms that are presently covering the stock, Marketbeat reports. Nine investment analysts have rated the stock with a hold rating and three have given a buy rating to the company. The average 12 month price target among brokers that have updated their coverage on the stock in the last year is $2.28.
A number of research firms have recently commented on APRN. Zacks Investment Research downgraded Blue Apron from a “hold” rating to a “sell” rating in a report on Wednesday, August 8th. ValuEngine upgraded Blue Apron from a “hold” rating to a “buy” rating in a report on Friday, October 12th. Stifel Nicolaus cut their price objective on Blue Apron from $2.00 to $1.50 and set a “hold” rating on the stock in a report on Thursday, November 15th. Barclays cut their price objective on Blue Apron from $2.50 to $1.25 and set an “equal weight” rating on the stock in a report on Thursday, November 15th. Finally, Guggenheim downgraded Blue Apron from a “buy” rating to a “neutral” rating and set a $1.02 price objective on the stock. in a report on Thursday, November 15th.
In related news, insider Ilia M. Papas sold 133,333 shares of the firm’s stock in a transaction dated Friday, September 7th. The stock was sold at an average price of $1.78, for a total transaction of $237,332.74. Following the sale, the insider now directly owns 194,976 shares in the company, valued at approximately $347,057.28. The sale was disclosed in a document filed with the SEC, which is accessible through this link. 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 shares were sold at an average price of $1.70, for a total value of $2,210,000.00. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 1,782,584 shares of company stock worth $2,900,294. Company insiders own 56.24% of the company’s stock.
Several large investors have recently made changes to their positions in APRN. SG Americas Securities LLC purchased a new stake in Blue Apron during the 3rd quarter worth approximately $208,000. Raymond James Trust N.A. increased its holdings 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 worth $259,000 after purchasing an additional 102,982 shares during the last quarter. Northern Trust Corp increased its holdings in Blue Apron by 55.8% during the 2nd quarter. Northern Trust Corp now owns 85,533 shares of the company’s stock worth $287,000 after purchasing an additional 30,625 shares during the last quarter. Blair William & Co. IL increased its holdings in Blue Apron by 7.7% during the 3rd quarter. Blair William & Co. IL now owns 1,162,095 shares of the company’s stock worth $1,999,000 after purchasing an additional 82,900 shares during the last quarter. Finally, Baillie Gifford & Co. purchased a new stake in Blue Apron during the 3rd quarter worth approximately $2,259,000. Institutional investors and hedge funds own 10.72% of the company’s stock.
Blue Apron stock opened at $1.12 on Thursday. The stock has a market capitalization of $226.68 million, a PE ratio of -0.68 and a beta of -0.17. The company has a current ratio of 1.65, a quick ratio of 1.38 and a debt-to-equity ratio of 0.60. Blue Apron has a 12 month low of $1.02 and a 12 month high of $4.56.
Blue Apron (NYSE:APRN) last released its quarterly earnings data on Tuesday, November 13th. The company reported ($0.18) EPS for the quarter, topping analysts’ consensus estimates of ($0.22) by $0.04. The company had revenue of $150.62 million for the quarter, compared to the consensus estimate of $157.20 million. Blue Apron had a negative return on equity of 75.39% and a negative net margin of 19.25%. The company’s quarterly revenue was down 28.5% compared to the same quarter last year. During the same period last year, the business posted ($0.47) EPS. On average, equities analysts forecast that Blue Apron will post -0.68 earnings per share for the current fiscal 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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