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

A number of other research analysts have also recently weighed in on the stock. Northcoast Research initiated coverage on shares of Blue Apron Holdings in a research report on Tuesday, July 11th. They set a sell rating and a $2.00 price objective on the stock. Oppenheimer Holdings, Inc. initiated coverage on shares of Blue Apron Holdings in a research report on Monday, July 24th. They set an outperform rating and a $11.00 price objective on the stock. Citigroup Inc. initiated coverage on shares of Blue Apron Holdings in a research report on Tuesday, July 25th. They set a buy rating and a $10.00 price objective on the stock. CIBC reiterated a market perform rating on shares of Blue Apron Holdings in a research report on Monday, August 21st. Finally, Canaccord Genuity initiated coverage on shares of Blue Apron Holdings in a research report on Monday, July 24th. They set a buy rating and a $14.00 price objective on the stock. Two investment analysts have rated the stock with a sell rating, eleven have assigned a hold rating and four have given a buy rating to the stock. The company presently has a consensus rating of Hold and an average price target of $7.12.

Shares of Blue Apron Holdings (NASDAQ:APRN) traded down $0.83 on Monday, reaching $3.05. 12,016,103 shares of the company traded hands, compared to its average volume of 2,010,000. Blue Apron Holdings has a 12 month low of $3.22 and a 12 month high of $11.00.

Blue Apron Holdings (NASDAQ:APRN) last announced its quarterly earnings results on Thursday, November 2nd. The company reported ($0.47) earnings per share for the quarter, missing the consensus estimate of ($0.43) by ($0.04). The company had revenue of $210.60 million for the quarter, compared to the consensus estimate of $191.47 million. During the same quarter in the previous year, the company earned ($0.56) EPS. The business’s revenue was up 2.5% compared to the same quarter last year.

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Several hedge funds and other institutional investors have recently bought and sold shares of APRN. FMR LLC bought a new position in shares of Blue Apron Holdings in the second quarter worth about $42,090,000. Capital World Investors bought a new position in shares of Blue Apron Holdings in the second quarter worth about $36,476,000. JPMorgan Chase & Co. bought a new position in shares of Blue Apron Holdings in the second quarter worth about $31,439,000. Victory Capital Management Inc. bought a new position in shares of Blue Apron Holdings in the second quarter worth about $14,010,000. Finally, Laurion Capital Management LP bought a new position in shares of Blue Apron Holdings in the second quarter worth about $10,274,000.

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.

Analyst Recommendations for Blue Apron Holdings (NASDAQ:APRN)

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