Blue Apron Holdings Inc (NASDAQ:APRN) Coverage Initiated at Barclays PLC

Investment analysts at Barclays PLC assumed coverage on shares of Blue Apron Holdings Inc (NASDAQ:APRN) in a note issued to investors on Monday, July 24th, MarketBeat.com reports. The firm set an “equal weight” rating and a $7.00 price target on the stock. Barclays PLC’s price target indicates a potential upside of 36.72% from the company’s previous close.

APRN has been the topic of a number of other research reports. Northcoast Research began coverage on shares of Blue Apron Holdings in a research note on Tuesday, July 11th. They issued a “sell” rating and a $2.00 price target on the stock. Goldman Sachs Group, Inc. (The) began coverage on shares of Blue Apron Holdings in a research note on Monday, July 24th. They issued a “buy” rating and a $11.00 price target on the stock. Finally, Royal Bank Of Canada began coverage on shares of Blue Apron Holdings in a research note on Monday, July 24th. They issued an “outperform” rating and a $10.00 price target on the stock. One investment analyst has rated the stock with a sell rating, nine have issued a hold rating and five have issued a buy rating to the stock. Blue Apron Holdings currently has a consensus rating of “Hold” and a consensus target price of $7.83.

Blue Apron Holdings (APRN) opened at 5.12 on Monday. Blue Apron Holdings has a 12-month low of $5.00 and a 12-month high of $11.00. The stock has a 50 day moving average of $7.05 and a 200 day moving average of $7.05. The stock’s market cap is $153.82 million.

Blue Apron Holdings (NASDAQ:APRN) last released its quarterly earnings results on Thursday, August 10th. The company reported ($0.47) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.26) by $0.21. The company had revenue of $238.10 million for the quarter, compared to analysts’ expectations of $235.78 million. The business’s revenue was up 17.9% on a year-over-year basis. On average, equities research analysts anticipate that Blue Apron Holdings will post ($1.27) earnings per share for the current fiscal year.

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Several hedge funds and other institutional investors have recently bought and sold shares of the company. FMR LLC bought a new position in Blue Apron Holdings during the second quarter valued at approximately $42,090,000. JPMorgan Chase & Co. bought a new position in Blue Apron Holdings during the second quarter valued at approximately $31,439,000. Victory Capital Management Inc. bought a new position in Blue Apron Holdings during the second quarter valued at approximately $14,010,000. Laurion Capital Management LP bought a new position in Blue Apron Holdings during the second quarter valued at approximately $10,274,000. Finally, Vanguard Group Inc. bought a new position in Blue Apron Holdings during the second quarter valued at approximately $4,892,000.

About Blue Apron Holdings

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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