Analysts at Guggenheim started coverage on shares of Blue Apron Holdings Inc (NASDAQ:APRN) in a research note issued on Monday, MarketBeat reports. The brokerage set a “buy” rating and a $9.00 price target on the stock. Guggenheim’s target price indicates a potential upside of 73.41% from the company’s previous close.

A number of other equities research analysts also recently commented on APRN. Northcoast Research started coverage on shares of Blue Apron Holdings in a report on Tuesday, July 11th. They set a “sell” rating and a $2.00 price target for the company. Royal Bank Of Canada started coverage on shares of Blue Apron Holdings in a report on Monday, July 24th. They set an “outperform” rating and a $10.00 price target for the company. Goldman Sachs Group Inc started coverage on shares of Blue Apron Holdings in a report on Monday, July 24th. They set a “buy” rating and a $11.00 price target for the company. Barclays PLC started coverage on shares of Blue Apron Holdings in a report on Monday, July 24th. They set an “equal weight” rating and a $7.00 price target for the company. Finally, Stifel Nicolaus started coverage on shares of Blue Apron Holdings in a report on Monday, July 24th. They set a “buy” rating and a $10.00 price target for the company. One analyst has rated the stock with a sell rating, twelve have issued a hold rating and four have given a buy rating to the company’s stock. Blue Apron Holdings has a consensus rating of “Hold” and a consensus target price of $7.77.

Blue Apron Holdings (NASDAQ APRN) traded up 6.55% during mid-day trading on Monday, hitting $5.53. 5,692,817 shares of the stock traded hands. Blue Apron Holdings has a 12-month low of $5.00 and a 12-month high of $11.00. The company’s market cap is $166.14 million. The firm’s 50-day moving average is $5.53 and its 200-day moving average is $6.30.

Blue Apron Holdings (NASDAQ:APRN) last issued its quarterly earnings results on Thursday, August 10th. The company reported ($0.47) EPS for the quarter, missing analysts’ consensus estimates of ($0.26) by ($0.21). The firm had revenue of $238.10 million for the quarter, compared to analyst estimates of $235.78 million. The firm’s quarterly revenue was up 17.9% compared to the same quarter last year. Equities research analysts expect that Blue Apron Holdings will post ($1.60) EPS for the current year.

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Institutional investors have recently added to or reduced their stakes in the stock. Obermeyer Wood Investment Counsel Lllp purchased a new stake in Blue Apron Holdings in the second quarter valued at approximately $110,000. Royal Bank of Canada purchased a new stake in Blue Apron Holdings in the second quarter valued at approximately $141,000. Legal & General Group Plc purchased a new stake in Blue Apron Holdings in the second quarter valued at approximately $187,000. DekaBank Deutsche Girozentrale purchased a new stake in Blue Apron Holdings in the second quarter valued at approximately $220,000. Finally, SG Americas Securities LLC purchased a new stake in Blue Apron Holdings in the second quarter valued at approximately $264,000.

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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