Blue Apron Holdings Inc (NASDAQ:APRN)‘s stock had its “buy” rating reaffirmed by stock analysts at Canaccord Genuity in a research report issued on Thursday. They currently have a $11.00 price target on the stock. Canaccord Genuity’s price target would suggest a potential upside of 104.08% from the stock’s previous close.

A number of other research analysts have also recently weighed in on APRN. SunTrust Banks, Inc. cut shares of Blue Apron Holdings from a “buy” rating to a “hold” rating and cut their price objective for the company from $12.00 to $5.50 in a report on Friday, August 11th. Barclays PLC cut their price objective on shares of Blue Apron Holdings from $7.00 to $5.00 and set an “equal weight” rating for the company in a report on Friday, August 11th. Oppenheimer Holdings, Inc. cut shares of Blue Apron Holdings from an “outperform” rating to a “market perform” rating and set a $11.00 target price for the company. in a research note on Friday, August 11th. Needham & Company LLC reissued a “buy” rating and set a $6.50 target price (down previously from $10.00) on shares of Blue Apron Holdings in a research note on Friday, August 11th. Finally, Citigroup Inc. cut shares of Blue Apron Holdings from a “buy” rating to a “neutral” rating and cut their target price for the stock from $10.00 to $5.50 in a research note on Friday, August 11th. Two investment analysts have rated the stock with a sell rating, eleven have assigned a hold rating and three have given a buy rating to the company. The stock has a consensus rating of “Hold” and an average price target of $7.67.

Shares of Blue Apron Holdings (APRN) traded up 5.473% during midday trading on Thursday, reaching $5.685. The company’s stock had a trading volume of 3,613,886 shares. The firm’s market capitalization is $170.79 million. The stock has a 50-day moving average of $5.71 and a 200 day moving average of $6.37. Blue Apron Holdings has a 12-month low of $5.00 and a 12-month high of $11.00.

Blue Apron Holdings (NASDAQ:APRN) last released its quarterly earnings data on Thursday, August 10th. The company reported ($0.47) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.26) by ($0.21). The business had revenue of $238.10 million for the quarter, compared to the consensus estimate of $235.78 million. Blue Apron Holdings’s revenue was up 17.9% on a year-over-year basis. Equities research analysts predict that Blue Apron Holdings will post ($1.59) EPS for the current fiscal year.

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A number of large investors have recently bought and sold shares of the business. FMR LLC acquired a new position in Blue Apron Holdings in the 2nd quarter valued at about $42,090,000. Capital World Investors acquired a new position in shares of Blue Apron Holdings in the 2nd quarter worth approximately $36,476,000. JPMorgan Chase & Co. acquired a new position in shares of Blue Apron Holdings in the 2nd quarter worth approximately $31,439,000. Victory Capital Management Inc. acquired a new position in shares of Blue Apron Holdings in the 2nd quarter worth approximately $14,010,000. Finally, Laurion Capital Management LP acquired a new position in shares of Blue Apron Holdings in the 2nd quarter worth approximately $10,274,000.

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.

Analyst Recommendations for Blue Apron Holdings (NASDAQ:APRN)

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