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 institutional investors have recently added to or reduced their stakes in APRN. Millennium Management LLC grew its position in Blue Apron by 285.7% during the second quarter. Millennium Management LLC now owns 2,242,735 shares of the company’s stock valued at $7,513,000 after purchasing an additional 1,661,211 shares in the last quarter. River & Mercantile Asset Management LLP grew its position in Blue Apron by 3.7% during the second quarter. River & Mercantile Asset Management LLP now owns 4,025,413 shares of the company’s stock valued at $13,425,000 after purchasing an additional 142,660 shares in the last quarter. Dynamic Technology Lab Private Ltd purchased a new position in Blue Apron during the first quarter valued at approximately $102,000. Bayesian Capital Management LP purchased a new position in Blue Apron during the first quarter valued at approximately $205,000. Finally, OZ Management LP grew its position in Blue Apron by 3,200.0% during the first quarter. OZ Management LP now owns 465,000 shares of the company’s stock valued at $930,000 after purchasing an additional 480,000 shares in the last quarter. 12.96% of the stock is currently owned by institutional investors and hedge funds.

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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Insider Buying and Selling by Quarter for Blue Apron (NYSE:APRN)

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