Blue Apron Holdings Inc (NASDAQ:APRN)‘s stock had its “hold” rating reiterated by equities researchers at SunTrust Banks, Inc. in a research note issued on Tuesday. They presently have a $5.50 target price on the stock. SunTrust Banks, Inc.’s price objective would indicate a potential upside of 8.27% from the stock’s current price.

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

Shares of Blue Apron Holdings (APRN) traded down 1.36% during midday trading on Tuesday, hitting $5.08. 977,700 shares of the stock traded hands. Blue Apron Holdings has a 52-week low of $5.00 and a 52-week high of $11.00. The stock has a 50-day moving average of $5.36 and a 200-day moving average of $6.00. The company’s market cap is $152.62 million.

Blue Apron Holdings (NASDAQ:APRN) last issued its quarterly earnings data 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 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% on a year-over-year basis. On average, equities analysts predict that Blue Apron Holdings will post ($1.56) earnings per share for the current fiscal year.

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Several institutional investors have recently made changes to their positions in the company. Obermeyer Wood Investment Counsel Lllp acquired a new position in shares of Blue Apron Holdings in the 2nd quarter valued at $110,000. Royal Bank of Canada acquired a new position in shares of Blue Apron Holdings in the 2nd quarter valued at $141,000. Legal & General Group Plc acquired a new position in shares of Blue Apron Holdings in the 2nd quarter valued at $187,000. DekaBank Deutsche Girozentrale acquired a new position in shares of Blue Apron Holdings in the 2nd quarter valued at $220,000. Finally, SG Americas Securities LLC acquired a new position in shares of Blue Apron Holdings in the 2nd quarter valued at $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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