Shares of Blue Apron Holdings Inc (NYSE:APRN) have been assigned a consensus recommendation of “Hold” from the nine research firms that are covering the company, MarketBeat Ratings reports. Eight analysts have rated the stock with a hold recommendation and one has assigned a buy recommendation to the company. The average 12 month price target among brokers that have covered the stock in the last year is $25.22.
A number of research analysts have recently weighed in on the stock. ValuEngine raised shares of Blue Apron from a “hold” rating to a “buy” rating in a research note on Tuesday, June 18th. SunTrust Banks reaffirmed a “hold” rating and issued a $25.50 target price on shares of Blue Apron in a research note on Sunday, April 7th.
Shares of APRN traded down $0.27 during mid-day trading on Monday, hitting $6.76. 575,185 shares of the company’s stock were exchanged, compared to its average volume of 366,488. Blue Apron has a fifty-two week low of $6.10 and a fifty-two week high of $62.25. The stock has a market cap of $87.95 million, a price-to-earnings ratio of -0.72 and a beta of 1.46. The company has a 50 day simple moving average of $2.22. The company has a debt-to-equity ratio of 0.70, a current ratio of 2.21 and a quick ratio of 1.69.
Blue Apron (NYSE:APRN) last announced its earnings results on Tuesday, April 30th. The company reported ($0.45) earnings per share for the quarter, topping the consensus estimate of ($0.90) by $0.45. The business had revenue of $141.89 million during the quarter, compared to the consensus estimate of $149.79 million. Blue Apron had a negative net margin of 15.63% and a negative return on equity of 70.16%. The business’s quarterly revenue was down 27.9% compared to the same quarter last year. During the same quarter in the prior year, the firm earned ($2.55) earnings per share. On average, analysts expect that Blue Apron will post -3.75 earnings per share for the current year.
In related news, CEO Linda F. Kozlowski sold 45,689 shares of Blue Apron stock in a transaction on Wednesday, May 29th. The shares were sold at an average price of $0.69, for a total transaction of $31,525.41. Following the transaction, the chief executive officer now owns 98,143 shares in the company, valued at approximately $67,718.67. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CFO Timothy Bensley sold 44,055 shares of Blue Apron stock in a transaction on Wednesday, May 29th. The shares were sold at an average price of $0.69, for a total transaction of $30,397.95. Following the transaction, the chief financial officer now owns 82,226 shares in the company, valued at approximately $56,735.94. The disclosure for this sale can be found here. In the last quarter, insiders sold 103,928 shares of company stock worth $71,710. 56.24% of the stock is owned by company insiders.
Several large investors have recently bought and sold shares of the stock. River & Mercantile Asset Management LLP boosted its holdings in shares of Blue Apron by 39.1% during the 1st quarter. River & Mercantile Asset Management LLP now owns 7,243,581 shares of the company’s stock worth $7,059,000 after buying an additional 2,037,600 shares during the period. Regal Investment Advisors LLC bought a new stake in shares of Blue Apron during the 1st quarter worth $36,000. Laurion Capital Management LP bought a new stake in shares of Blue Apron during the 1st quarter worth $349,000. Spark Investment Management LLC boosted its holdings in shares of Blue Apron by 95.3% during the 1st quarter. Spark Investment Management LLC now owns 337,600 shares of the company’s stock worth $330,000 after buying an additional 164,700 shares during the period. Finally, TAP Consulting LLC bought a new stake in shares of Blue Apron during the 1st quarter worth $77,000.
Blue Apron Company Profile
Blue Apron Holdings, Inc operates direct-to-consumer platform that delivers original recipes, and fresh and seasonal ingredients. It also operates Blue Apron Market, an e-commerce marketplace that provides cooking tools, utensils, and pantry items. In addition, the company offers Blue Apron Wine, a direct-to-consumer wine delivery service that sells wines, which can be paired with its meals; and supplies poultry, beef, and lamb.
Further Reading: Are sell-side analysts objective?
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