Zacks Investment Research upgraded shares of Blue Apron Holdings Inc (NASDAQ:APRN) from a sell rating to a hold rating in a research note issued to investors on Monday.

According to Zacks, “Blue Apron Holdings, Inc. provides recipes and fresh ingredients for making home cooking accessible. It product consists of Blue Apron Meals, Blue Apron Wine, the Blue Apron Market and BN Ranch, a premium supplier of grass-fed beef and pasture-raised poultry. Blue Apron Holdings, Inc. is headquartered in New York. “

Other equities analysts have also issued reports about the company. Oppenheimer Holdings, Inc. assumed coverage on Blue Apron Holdings in a research note on Monday, July 24th. They set an outperform rating and a $11.00 price target on the stock. Royal Bank Of Canada boosted their price target on Blue Apron Holdings from $8.00 to $10.00 and gave the company an outperform rating in a research note on Friday, August 11th. SunTrust Banks, Inc. assumed coverage on Blue Apron Holdings in a research note on Monday, July 24th. They set a buy rating and a $12.00 price target on the stock. Canaccord Genuity assumed coverage on Blue Apron Holdings in a research note on Monday, July 24th. They set a buy rating and a $14.00 price target on the stock. Finally, Barclays PLC assumed coverage on Blue Apron Holdings in a research note on Monday, July 24th. They set an equal weight rating and a $7.00 price target on the stock. One analyst has rated the stock with a sell rating, twelve have assigned a hold rating and three have issued a buy rating to the company. Blue Apron Holdings presently has an average rating of Hold and a consensus target price of $7.67.

Blue Apron Holdings (NASDAQ:APRN) opened at 5.23 on Monday. Blue Apron Holdings has a 12-month low of $5.00 and a 12-month high of $11.00. The company’s market cap is $157.12 million. The firm’s 50-day moving average price is $5.53 and its 200-day moving average price is $6.30.

Blue Apron Holdings (NASDAQ:APRN) last issued its quarterly earnings results on Thursday, August 10th. The company reported ($0.47) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.26) by ($0.21). The company had revenue of $238.10 million during the quarter, compared to analysts’ expectations of $235.78 million. The business’s revenue for the quarter was up 17.9% compared to the same quarter last year. Analysts expect that Blue Apron Holdings will post ($1.60) EPS for the current year.

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Several hedge funds have recently added to or reduced their stakes in APRN. Obermeyer Wood Investment Counsel Lllp bought a new stake in shares of Blue Apron Holdings in the 2nd quarter valued at approximately $110,000. Royal Bank of Canada acquired a new position in shares of Blue Apron Holdings in the 2nd quarter worth approximately $141,000. Legal & General Group Plc acquired a new position in shares of Blue Apron Holdings in the 2nd quarter worth approximately $187,000. DekaBank Deutsche Girozentrale acquired a new position in shares of Blue Apron Holdings in the 2nd quarter worth approximately $220,000. Finally, SG Americas Securities LLC acquired a new position in shares of Blue Apron Holdings in the 2nd quarter worth approximately $264,000.

About Blue Apron Holdings

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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