Blue Apron (NYSE:APRN) issued its quarterly earnings data on Tuesday. The company reported ($0.20) earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.27) by $0.07, Morningstar.com reports. The business had revenue of $187.70 million for the quarter, compared to analysts’ expectations of $186.13 million. During the same period in the previous year, the business posted ($0.39) earnings per share. The company’s revenue for the quarter was down 13.1% on a year-over-year basis.

Shares of Blue Apron (NYSE APRN) opened at $3.35 on Wednesday. Blue Apron has a 52 week low of $2.94 and a 52 week high of $11.00. The company has a current ratio of 3.15, a quick ratio of 2.73 and a debt-to-equity ratio of 0.48.

In related news, major shareholder First Round Capital Iv Partner sold 104,139 shares of the firm’s stock in a transaction dated Thursday, November 16th. The shares were sold at an average price of $3.08, for a total value of $320,748.12. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Brad Dickerson acquired 40,000 shares of Blue Apron stock in a transaction that occurred on Monday, December 11th. The stock was bought at an average price of $3.87 per share, with a total value of $154,800.00. Following the purchase, the chief executive officer now directly owns 40,000 shares of the company’s stock, valued at $154,800. 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 361,895 shares valued at $1,103,691.

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Balyasny Asset Management LLC acquired a new stake in shares of Blue Apron in the second quarter valued at about $584,000. Stifel Financial Corp acquired a new position in Blue Apron during the third quarter worth about $805,000. Goldman Sachs Group Inc. acquired a new position in Blue Apron during the second quarter worth about $6,239,000. Westpac Banking Corp raised its position in Blue Apron by 170.2% during the fourth quarter. Westpac Banking Corp now owns 576,324 shares of the company’s stock worth $2,323,000 after acquiring an additional 363,044 shares during the last quarter. Finally, River & Mercantile Asset Management LLP acquired a new position in Blue Apron during the third quarter worth about $5,667,000. Hedge funds and other institutional investors own 58.74% of the company’s stock.

Several research analysts have issued reports on APRN shares. Zacks Investment Research raised shares of Blue Apron from a “sell” rating to a “hold” rating in a research report on Monday, November 6th. Gabelli started coverage on shares of Blue Apron in a research report on Friday, February 2nd. They set a “buy” rating and a $6.00 price objective on the stock. KeyCorp reissued a “hold” rating on shares of Blue Apron in a research report on Friday, December 1st. Royal Bank of Canada downgraded shares of Blue Apron from an “outperform” rating to a “sector perform” rating and lowered their price objective for the stock from $6.00 to $4.00 in a research report on Friday, December 1st. Finally, Stifel Nicolaus reissued a “hold” rating and set a $6.00 price objective on shares of Blue Apron in a research report on Friday, November 3rd. Two analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and four have assigned a buy rating to the company. Blue Apron currently has a consensus rating of “Hold” and a consensus price target of $6.96.

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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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