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.
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.
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