Blue Apron Holdings Inc (NYSE:APRN) has earned an average recommendation of “Hold” from the eight analysts that are covering the company, Marketbeat reports. Seven equities research analysts have rated the stock with a hold recommendation and one has given a strong buy recommendation to the company. The average 1 year target price among brokers that have covered the stock in the last year is $22.51.

Several brokerages recently commented on APRN. ValuEngine raised Blue Apron from a “buy” rating to a “strong-buy” rating in a research report on Wednesday, October 2nd. Citigroup reduced their target price on Blue Apron from $18.00 to $8.00 and set a “neutral” rating for the company in a research report on Thursday, July 11th.

APRN stock traded down $0.05 during midday trading on Wednesday, hitting $9.11. The stock had a trading volume of 218,000 shares, compared to its average volume of 525,931. The firm has a market capitalization of $121.33 million, a price-to-earnings ratio of -0.96 and a beta of 1.10. Blue Apron has a 52 week low of $6.10 and a 52 week high of $24.60. The stock has a 50-day simple moving average of $8.10 and a 200 day simple moving average of $4.91. The company has a current ratio of 2.33, a quick ratio of 1.76 and a debt-to-equity ratio of 0.74.

Blue Apron (NYSE:APRN) last issued its earnings results on Tuesday, August 6th. The company reported ($0.59) EPS for the quarter, topping the consensus estimate of ($1.08) by $0.49. The firm had revenue of $119.20 million during the quarter, compared to analysts’ expectations of $138.13 million. Blue Apron had a negative return on equity of 57.90% and a negative net margin of 12.79%. Blue Apron’s quarterly revenue was down 33.6% compared to the same quarter last year. During the same period last year, the business earned ($0.17) earnings per share. On average, equities analysts forecast that Blue Apron will post -4.59 EPS for the current year.

In related news, insider Linda F. Kozlowski sold 4,674 shares of the firm’s stock in a transaction on Monday, August 26th. The stock was sold at an average price of $7.14, for a total value of $33,372.36. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Over the last ninety days, insiders sold 8,409 shares of company stock valued at $60,040. 40.83% of the stock is owned by company insiders.

Hedge funds have recently modified their holdings of the stock. Jane Street Group LLC bought a new position in shares of Blue Apron during the second quarter valued at $75,000. Deutsche Bank AG grew its holdings in shares of Blue Apron by 126.3% in the 4th quarter. Deutsche Bank AG now owns 99,644 shares of the company’s stock worth $101,000 after purchasing an additional 55,617 shares during the last quarter. Parametric Portfolio Associates LLC bought a new stake in shares of Blue Apron in the 2nd quarter worth about $579,000. Finally, Tenzing Global Management LLC bought a new stake in shares of Blue Apron in the 2nd quarter worth about $1,774,000. 16.22% of the stock is owned by hedge funds and other institutional investors.

Blue Apron Company Profile

Blue Apron Holdings, Inc operates direct-to-consumer platform that delivers original recipes, and fresh and seasonal ingredients. It also operates Blue Apron Market, an e-commerce marketplace that provides cooking tools, utensils, and pantry items. In addition, the company offers Blue Apron Wine, a direct-to-consumer wine delivery service that sells wines, which can be paired with its meals; and supplies poultry, beef, and lamb.

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Analyst Recommendations for Blue Apron (NYSE:APRN)

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