Blue Apron Holdings Inc (NASDAQ:APRN)‘s stock had its “outperform” rating reissued by research analysts at Royal Bank Of Canada in a research report issued on Friday. They currently have a $6.00 price target on the stock, down from their previous price target of $8.00.
APRN has been the topic of a number of other reports. Citigroup Inc. cut Blue Apron Holdings from a “buy” rating to a “neutral” rating and cut their price target for the company from $10.00 to $5.50 in a research note on Friday, August 11th. CIBC began coverage on Blue Apron Holdings in a research note on Monday, July 24th. They issued an “outperform” rating and a $11.00 price target on the stock. Northcoast Research began coverage on Blue Apron Holdings in a research report on Tuesday, July 11th. They set a “sell” rating and a $2.00 target price on the stock. Zacks Investment Research cut Blue Apron Holdings from a “hold” rating to a “sell” rating in a research report on Tuesday, October 17th. Finally, Goldman Sachs Group, Inc. (The) began coverage on Blue Apron Holdings in a research report on Monday, July 24th. They set a “buy” rating and a $11.00 target price on the stock. Three investment analysts have rated the stock with a sell rating, ten have given a hold rating and four have given a buy rating to the stock. The stock presently has a consensus rating of “Hold” and an average target price of $7.46.
Blue Apron Holdings (NASDAQ:APRN) last posted its quarterly earnings results on Thursday, August 10th. The company reported ($0.47) earnings per share for the quarter, missing the Zacks’ consensus estimate of ($0.26) by ($0.21). The business had revenue of $238.10 million during the quarter, compared to the consensus estimate of $235.78 million. The business’s revenue was up 17.9% compared to the same quarter last year.
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Institutional investors and hedge funds have recently bought and sold shares of the company. Obermeyer Wood Investment Counsel Lllp purchased a new position in shares of Blue Apron Holdings during the second quarter worth about $110,000. Royal Bank of Canada purchased a new position in shares of Blue Apron Holdings during the second quarter worth about $141,000. Legal & General Group Plc purchased a new position in shares of Blue Apron Holdings during the second quarter worth about $187,000. DekaBank Deutsche Girozentrale purchased a new position in shares of Blue Apron Holdings during the second quarter worth about $220,000. Finally, SG Americas Securities LLC purchased a new position in shares of Blue Apron Holdings during the second quarter worth about $264,000.
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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