Blue Apron Holdings Inc (NYSE:APRN) traded down 6.3% during trading on Friday . The stock traded as low as $3.05 and last traded at $3.10. 9,723,545 shares traded hands during mid-day trading, an increase of 225% from the average session volume of 2,996,067 shares. The stock had previously closed at $3.31.
Several equities research analysts have commented on the stock. Northcoast Research upgraded shares of Blue Apron from a “sell” rating to a “neutral” rating and dropped their price target for the stock from $3.43 to $3.31 in a research report on Friday, February 16th. Stifel Nicolaus reiterated a “hold” rating and issued a $4.00 price target (down from $6.00) on shares of Blue Apron in a research report on Wednesday, February 14th. Royal Bank of Canada reiterated a “hold” rating and issued a $4.00 price target on shares of Blue Apron in a research report on Wednesday, February 14th. Zacks Investment Research upgraded shares of Blue Apron from a “sell” rating to a “hold” rating in a research report on Thursday, February 15th. Finally, Morgan Stanley dropped their price target on shares of Blue Apron from $4.70 to $4.50 and set an “equal weight” rating on the stock in a research report on Wednesday, February 14th. Fifteen analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. The stock has an average rating of “Hold” and a consensus target price of $6.70.
The stock has a market capitalization of $589.16 and a P/E ratio of -2.77. The company has a debt-to-equity ratio of 0.48, a current ratio of 3.15 and a quick ratio of 2.73.
In other Blue Apron news, General Counsel Benjamin C. Singer sold 10,000 shares of Blue Apron stock in a transaction dated Friday, February 16th. The stock was sold at an average price of $3.50, for a total transaction of $35,000.00. Following the transaction, the general counsel now owns 10,000 shares of the company’s stock, valued at approximately $35,000. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, SVP Timothy J. Smith bought 25,000 shares of the stock in a transaction on Monday, December 11th. The shares were acquired at an average cost of $3.89 per share, for a total transaction of $97,250.00. Following the purchase, the senior vice president now owns 28,386 shares in the company, valued at $110,421.54. The disclosure for this purchase can be found here. In the last three months, insiders purchased 245,000 shares of company stock worth $959,450 and sold 145,542 shares worth $513,736.
Large investors have recently added to or reduced their stakes in the business. Bank of New York Mellon Corp purchased a new position in Blue Apron during the 3rd quarter valued at about $120,000. Royal Bank of Canada purchased a new position in Blue Apron during the 2nd quarter valued at about $141,000. BBR Partners LLC purchased a new position in Blue Apron during the 3rd quarter valued at about $147,000. Goldman Sachs Group Inc. grew its stake in Blue Apron by 3,473.3% during the 4th quarter. Goldman Sachs Group Inc. now owns 76,878 shares of the company’s stock valued at $310,000 after acquiring an additional 79,157 shares in the last quarter. Finally, Dynamic Technology Lab Private Ltd purchased a new position in Blue Apron during the 3rd quarter valued at about $364,000. 75.11% of the stock is currently owned by institutional investors.
ILLEGAL ACTIVITY WARNING: This report was reported by Community Financial News and is the sole property of of Community Financial News. If you are viewing this report on another site, it was stolen and republished in violation of US & international copyright and trademark legislation. The correct version of this report can be accessed at https://www.com-unik.info/2018/02/23/blue-apron-aprn-shares-down-6-3.html.
Blue Apron 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.
Receive News & Ratings for Blue Apron Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Blue Apron and related companies with MarketBeat.com's FREE daily email newsletter.