Blue Apron Holdings Inc (APRN) Coverage Initiated at Royal Bank Of Canada

Royal Bank Of Canada assumed coverage on shares of Blue Apron Holdings Inc (NASDAQ:APRN) in a report released on Monday, July 24th, Marketbeat Ratings reports. The brokerage issued an outperform rating and a $10.00 price objective on the stock.

Separately, Northcoast Research assumed coverage on Blue Apron Holdings in a report on Tuesday, July 11th. They set a sell rating and a $2.00 price target for the company. One investment analyst has rated the stock with a sell rating, nine have given a hold rating and five have given a buy rating to the company’s stock. The company has an average rating of Hold and a consensus target price of $7.83.

Blue Apron Holdings (APRN) opened at 5.12 on Monday. The company’s 50 day moving average price is $7.05 and its 200 day moving average price is $7.05. The firm’s market cap is $153.82 million. Blue Apron Holdings has a 52-week low of $5.00 and a 52-week high of $11.00.

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

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A number of large investors have recently modified their holdings of APRN. Obermeyer Wood Investment Counsel Lllp bought a new stake in shares of Blue Apron Holdings during the second quarter valued at about $110,000. Legal & General Group Plc bought a new stake in shares of Blue Apron Holdings during the second quarter valued at about $187,000. DekaBank Deutsche Girozentrale bought a new stake in shares of Blue Apron Holdings during the second quarter valued at about $220,000. SG Americas Securities LLC bought a new stake in shares of Blue Apron Holdings during the second quarter valued at about $264,000. Finally, Russell Investments Group Ltd. bought a new stake in shares of Blue Apron Holdings during the second quarter valued at about $464,000.

Blue Apron Holdings Company Profile

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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