Blue Apron Holdings Inc (APRN) Given Consensus Rating of “Hold” by Analysts

Blue Apron Holdings Inc (NYSE:APRN) has earned an average rating of “Hold” from the nineteen research firms that are presently covering the firm, Marketbeat.com reports. Two analysts have rated the stock with a sell recommendation, thirteen have assigned a hold recommendation and four have given a buy recommendation to the company. The average 1-year target price among brokers that have updated their coverage on the stock in the last year is $6.29.

APRN has been the topic of a number of recent analyst reports. Needham & Company LLC reiterated a “buy” rating and issued a $5.00 price objective (down from $6.50) on shares of Blue Apron in a research report on Friday, November 3rd. Zacks Investment Research cut Blue Apron from a “hold” rating to a “sell” rating in a research note on Tuesday, October 17th. SunTrust Banks restated a “hold” rating and issued a $5.50 target price on shares of Blue Apron in a research note on Tuesday, October 24th. KeyCorp restated a “hold” rating on shares of Blue Apron in a research note on Friday, December 1st. Finally, Royal Bank of Canada cut Blue Apron from an “outperform” rating to a “sector perform” rating and lowered their target price for the company from $6.00 to $4.00 in a research note on Friday, December 1st.

Shares of Blue Apron (NYSE APRN) opened at $3.70 on Friday. The firm has a market capitalization of $703.19 and a P/E ratio of -3.52. Blue Apron has a 1 year low of $2.94 and a 1 year high of $11.00. The company has a debt-to-equity ratio of 0.48, a current ratio of 3.15 and a quick ratio of 2.73.

In related news, CEO Brad Dickerson acquired 180,000 shares of the stock in a transaction on Wednesday, December 13th. The stock was acquired at an average price of $3.93 per share, for a total transaction of $707,400.00. Following the completion of the purchase, the chief executive officer now owns 40,000 shares of the company’s stock, valued at $157,200. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, SVP Timothy J. Smith acquired 25,000 shares of the stock in a transaction on Monday, December 11th. The shares were bought at an average price of $3.89 per share, with a total value of $97,250.00. Following the purchase, the senior vice president now directly owns 28,386 shares of the company’s stock, valued at approximately $110,421.54. The disclosure for this purchase can be found here. In the last 90 days, insiders bought 245,000 shares of company stock valued at $959,450 and sold 472,377 shares valued at $1,442,871.

Large investors have recently made changes to their positions in the business. Balyasny Asset Management LLC purchased a new position in Blue Apron during the second quarter valued at $584,000. Stifel Financial Corp purchased a new position in Blue Apron during the third quarter valued at $805,000. Goldman Sachs Group Inc. purchased a new position in Blue Apron during the second quarter valued at $6,239,000. River & Mercantile Asset Management LLP purchased a new position in Blue Apron during the third quarter valued at $5,667,000. Finally, Westpac Banking Corp raised its stake in Blue Apron by 170.2% during the fourth quarter. Westpac Banking Corp now owns 576,324 shares of the company’s stock valued at $2,323,000 after buying an additional 363,044 shares during the last quarter. Institutional investors and hedge funds own 58.62% of the company’s stock.

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About Blue Apron

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.

Analyst Recommendations for Blue Apron (NYSE:APRN)

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