Blue Apron Holdings Inc (NASDAQ:APRN) had its target price reduced by Canaccord Genuity from $11.00 to $10.00 in a research note issued on Friday. The firm currently has a “buy” rating on the stock. Canaccord Genuity’s price target indicates a potential upside of 163.85% from the company’s previous close.
APRN has been the topic of a number of other research reports. Goldman Sachs Group, Inc. (The) initiated 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. Zacks Investment Research cut Blue Apron Holdings from a “hold” rating to a “sell” rating in a research report on Tuesday, October 17th. SunTrust Banks, Inc. reiterated a “hold” rating and set a $5.50 target price on shares of Blue Apron Holdings in a research report on Tuesday, October 24th. Citigroup Inc. initiated coverage on Blue Apron Holdings in a research report on Tuesday, July 25th. They set a “buy” rating and a $10.00 target price on the stock. Finally, Northcoast Research initiated 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. Three analysts have rated the stock with a sell rating, ten have assigned a hold rating and four have given a buy rating to the stock. The company presently has an average rating of “Hold” and a consensus price target of $7.12.
Blue Apron Holdings (NASDAQ:APRN) traded down $0.01 on Friday, hitting $3.79. The stock had a trading volume of 2,773,574 shares, compared to its average volume of 2,130,000. Blue Apron Holdings has a twelve month low of $3.56 and a twelve month high of $11.00.
Blue Apron Holdings (NASDAQ:APRN) last posted its earnings results on Thursday, November 2nd. The company reported ($0.47) EPS for the quarter, missing the Zacks’ consensus estimate of ($0.43) by ($0.04). The firm had revenue of $210.60 million during the quarter, compared to analyst estimates of $191.47 million. During the same quarter in the prior year, the business earned ($0.56) EPS. The business’s quarterly revenue was up 2.5% on a year-over-year basis.
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Several hedge funds and other institutional investors have recently added to or reduced their stakes in APRN. 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.
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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