Blue Apron Holdings Inc (APRN) SVP Timothy J. Smith Sells 7,662 Shares
Blue Apron Holdings Inc (NYSE:APRN) SVP Timothy J. Smith sold 7,662 shares of Blue Apron stock in a transaction that occurred on Monday, August 27th. The stock was sold at an average price of $2.12, for a total transaction of $16,243.44. Following the completion of the transaction, the senior vice president now directly owns 89,496 shares in the company, valued at approximately $189,731.52. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink.
Blue Apron stock opened at $2.13 on Wednesday. The company has a market capitalization of $429.27 million, a PE ratio of -1.30 and a beta of -1.09. The company has a current ratio of 2.74, a quick ratio of 2.30 and a debt-to-equity ratio of 0.74. Blue Apron Holdings Inc has a fifty-two week low of $1.72 and a fifty-two week high of $6.25.
Blue Apron (NYSE:APRN) last released its earnings results on Thursday, August 2nd. The company reported ($0.17) earnings per share for the quarter, hitting the consensus estimate of ($0.17). The business had revenue of $179.60 million for the quarter, compared to the consensus estimate of $188.51 million. Blue Apron had a negative net margin of 24.64% and a negative return on equity of 89.80%. The firm’s quarterly revenue was down 24.6% compared to the same quarter last year. During the same period last year, the firm posted ($0.47) earnings per share. equities research analysts predict that Blue Apron Holdings Inc will post -0.72 earnings per share for the current fiscal year.
Several equities analysts have recently issued reports on the stock. Morgan Stanley lowered their price objective on shares of Blue Apron from $2.00 to $1.90 and set an “equal weight” rating on the stock in a research note on Wednesday, July 11th. Zacks Investment Research raised shares of Blue Apron from a “hold” rating to a “buy” rating and set a $4.25 target price on the stock in a research report on Tuesday, July 17th. SunTrust Banks reissued a “hold” rating and issued a $2.70 target price on shares of Blue Apron in a research report on Wednesday, May 9th. Citigroup lifted their target price on shares of Blue Apron from $2.25 to $2.50 and gave the stock a “neutral” rating in a research report on Friday, May 4th. Finally, Stifel Nicolaus dropped their target price on shares of Blue Apron from $4.00 to $3.50 and set a “hold” rating on the stock in a research report on Friday, May 4th. One analyst has rated the stock with a sell rating, nine have issued a hold rating and four have assigned a buy rating to the company. The stock presently has a consensus rating of “Hold” and an average target price of $3.95.
Blue Apron Company Profile
Blue Apron Holdings, Inc operates an e-commerce marketplace that delivers original recipes and fresh ingredients for making home cooking accessible. It provides original recipes with the pre-portioned ingredients to complement tastes and lifestyles of college graduates, young couples, families, singles, and empty nesters.
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