Blue Apron (APRN) Receiving Somewhat Positive Media Coverage, Accern Reports

Headlines about Blue Apron (NYSE:APRN) have trended somewhat positive on Sunday, according to Accern Sentiment. The research firm identifies positive and negative media coverage by monitoring more than 20 million news and blog sources. Accern ranks coverage of companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Blue Apron earned a media sentiment score of 0.03 on Accern’s scale. Accern also assigned news headlines about the company an impact score of 44.7911088946845 out of 100, meaning that recent media coverage is somewhat unlikely to have an effect on the stock’s share price in the next several days.

These are some of the news headlines that may have impacted Accern’s analysis:

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Shares of Blue Apron (NYSE APRN) traded down $0.04 on Friday, reaching $2.15. 3,539,814 shares of the company’s stock were exchanged, compared to its average volume of 4,634,849. The company has a debt-to-equity ratio of 0.56, a current ratio of 3.12 and a quick ratio of 2.66. Blue Apron has a 1 year low of $1.99 and a 1 year high of $11.00.

Blue Apron (NYSE:APRN) last announced its quarterly earnings results on Tuesday, February 13th. The company reported ($0.20) EPS for the quarter, topping analysts’ consensus estimates of ($0.27) by $0.07. The firm had revenue of $187.70 million during the quarter, compared to analysts’ expectations of $186.13 million. Blue Apron had a negative net margin of 23.85% and a negative return on equity of 787.55%. The company’s revenue for the quarter was down 13.1% compared to the same quarter last year. During the same quarter last year, the company earned ($0.39) earnings per share. sell-side analysts anticipate that Blue Apron will post -0.72 earnings per share for the current fiscal year.

APRN has been the subject of several research reports. Gabelli initiated coverage on shares of Blue Apron in a research note on Friday, February 2nd. They issued a “buy” rating and a $6.00 target price for the company. Morgan Stanley reduced their target price on shares of Blue Apron from $4.70 to $4.50 and set an “equal weight” rating for the company in a research note on Wednesday, February 14th. Barclays upgraded shares of Blue Apron from an “underweight” rating to an “equal weight” rating and increased their target price for the company from $3.00 to $4.00 in a research note on Monday, December 4th. Zacks Investment Research upgraded shares of Blue Apron from a “sell” rating to a “hold” rating in a research note on Thursday, February 15th. Finally, Royal Bank of Canada reiterated a “hold” rating and issued a $4.00 target price on shares of Blue Apron in a research note on Wednesday, February 14th. Fifteen analysts have rated the stock with a hold rating and four have given a buy rating to the stock. The company has a consensus rating of “Hold” and a consensus price target of $6.70.

In other news, General Counsel Benjamin C. Singer sold 10,000 shares of the firm’s stock in a transaction that occurred on Friday, February 16th. The shares were sold at an average price of $3.50, for a total transaction of $35,000.00. Following the completion of the sale, the general counsel now owns 10,000 shares of the company’s stock, valued at $35,000. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, CTO Ilia M. Papas sold 133,333 shares of the firm’s stock in a transaction that occurred on Friday, February 16th. The stock was sold at an average price of $3.54, for a total transaction of $471,998.82. Following the sale, the chief technology officer now directly owns 140,833 shares of the company’s stock, valued at approximately $498,548.82. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 276,666 shares of company stock valued at $853,665.

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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.

Insider Buying and Selling by Quarter for Blue Apron (NYSE:APRN)

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