Somewhat Positive Press Coverage Somewhat Unlikely to Affect Blue Apron Holdings (APRN) Share Price
Headlines about Blue Apron Holdings (NASDAQ:APRN) have trended somewhat positive this week, according to Accern. The research group identifies negative and positive media coverage by reviewing more than 20 million blog and news sources in real time. Accern ranks coverage of public companies on a scale of negative one to one, with scores closest to one being the most favorable. Blue Apron Holdings earned a coverage optimism score of 0.06 on Accern’s scale. Accern also assigned media stories about the company an impact score of 45.3378912474086 out of 100, meaning that recent media coverage is somewhat unlikely to have an impact on the stock’s share price in the next several days.
These are some of the news articles that may have impacted Accern’s scoring:
- SHAREHOLDER ALERT: Khang & Khang LLP Announces Securities Class Action Lawsuit against Blue Apron Holdings, Inc. and Encourages Investors with Losses to Contact the Firm (finance.yahoo.com)
- APRN INVESTOR ALERT: The Law Offices of Vincent Wong Notifies Investors of a Securities Action Involving Blue Apron Holdings, Inc. and a Lead Plaintiff Deadline of October 16 … (businesswire.com)
- Lawsuit for Investor in shares of Blue Apron Holdings Inc (NYSE:APRN) filed (openpr.com)
- How Blue Apron Can Sustain Itself despite Amazon’s Threat (finance.yahoo.com)
- APRN INVESTOR ALERT: The Law Offices of Vincent Wong Notifies Investors of a Securities Action Involving Blue Apron Holdings, Inc. and a Lead Plaintiff Deadline of October 16, 2017 (APRN) (finance.yahoo.com)
APRN has been the topic of several research reports. Northcoast Research initiated coverage on Blue Apron Holdings in a research report on Tuesday, July 11th. They issued a “sell” rating and a $2.00 target price on the stock. Oppenheimer Holdings, Inc. began coverage on Blue Apron Holdings in a research report on Monday, July 24th. They set an “outperform” rating and a $11.00 price target on the stock. Citigroup Inc. began coverage on Blue Apron Holdings in a research report on Tuesday, July 25th. They set a “buy” rating and a $10.00 price target on the stock. Canaccord Genuity began coverage on Blue Apron Holdings in a research report on Monday, July 24th. They set a “buy” rating and a $14.00 price target on the stock. Finally, CIBC began coverage on Blue Apron Holdings in a research report on Monday, July 24th. They set an “outperform” rating and a $11.00 price target on the stock. One investment analyst has rated the stock with a sell rating, eleven have issued a hold rating and three have assigned a buy rating to the company’s stock. The company has an average rating of “Hold” and an average price target of $7.67.
Shares of Blue Apron Holdings (NASDAQ:APRN) opened at 5.24 on Friday. Blue Apron Holdings has a 12 month low of $5.00 and a 12 month high of $11.00. The firm’s market cap is $157.43 million. The company’s 50-day moving average price is $6.03 and its 200-day moving average price is $6.52.
Blue Apron Holdings (NASDAQ:APRN) last issued its earnings results on Thursday, August 10th. The company reported ($0.47) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.26) by $0.21. The business had revenue of $238.10 million for the quarter, compared to analyst estimates of $235.78 million. The company’s revenue was up 17.9% on a year-over-year basis. On average, analysts predict that Blue Apron Holdings will post ($1.53) EPS for the current year.
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Blue Apron Holdings Company Profile
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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