Blue Apron Holdings Inc (NASDAQ:APRN)‘s stock had its “outperform” rating reissued by analysts at Royal Bank Of Canada in a research report issued to clients and investors on Tuesday. They presently have a $8.00 price target on the stock, down from their previous price target of $10.00. Royal Bank Of Canada’s price objective points to a potential upside of 55.64% from the stock’s current price.

Several other brokerages also recently weighed in on APRN. UBS AG initiated coverage on shares of Blue Apron Holdings in a report on Monday, July 24th. They issued a “market perform” rating for the company. Morgan Stanley started coverage on shares of Blue Apron Holdings in a report on Monday, July 24th. They set an “equal weight” rating and a $7.50 price objective for the company. SunTrust Banks, Inc. started coverage on shares of Blue Apron Holdings in a report on Monday, July 24th. They set a “buy” rating and a $12.00 price objective for the company. Raymond James Financial, Inc. started coverage on shares of Blue Apron Holdings in a report on Monday, July 24th. They set a “market perform” rating for the company. Finally, William Blair started coverage on shares of Blue Apron Holdings in a report on Monday, July 24th. They set a “market perform” rating 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. Blue Apron Holdings currently has a consensus rating of “Hold” and a consensus price target of $9.04.

Blue Apron Holdings (NASDAQ:APRN) traded down 1.3638% during trading on Tuesday, hitting $5.0699. The stock had a trading volume of 2,273,859 shares. The stock’s 50-day moving average price is $7.11 and its 200-day moving average price is $7.11. Blue Apron Holdings has a 1-year low of $5.00 and a 1-year high of $11.00. The company’s market capitalization is $152.32 million.

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

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Several hedge funds and other institutional investors have recently added to or reduced their stakes in APRN. Laurion Capital Management LP bought a new position in Blue Apron Holdings during the second quarter valued at approximately $10,274,000. Oak Ridge Investments LLC bought a new position in Blue Apron Holdings during the second quarter valued at approximately $934,000. Alliancebernstein L.P. acquired a new stake in shares of Blue Apron Holdings during the second quarter valued at about $4,670,000. Wells Fargo & Company MN acquired a new stake in shares of Blue Apron Holdings during the second quarter valued at about $627,000. Finally, JPMorgan Chase & Co. acquired a new stake in shares of Blue Apron Holdings during the second quarter valued at about $31,439,000.

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.

Analyst Recommendations for Blue Apron Holdings (NASDAQ:APRN)

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