Shares of Blue Apron Holdings Inc (NASDAQ:APRN) have earned an average recommendation of “Hold” from the eighteen brokerages that are covering the firm, MarketBeat Ratings reports. Two equities research analysts have rated the stock with a sell recommendation, eleven have given a hold recommendation and four have given a buy recommendation to the company. The average twelve-month target price among brokerages that have issued ratings on the stock in the last year is $7.18.

APRN has been the topic of a number of research reports. Northcoast Research initiated coverage on shares of Blue Apron Holdings in a research note on Tuesday, July 11th. They issued a “sell” rating and a $2.00 price target on the stock. Oppenheimer Holdings, Inc. began coverage on shares of Blue Apron Holdings in a report on Monday, July 24th. They issued an “outperform” rating and a $11.00 price objective for the company. Zacks Investment Research downgraded shares of Blue Apron Holdings from a “hold” rating to a “sell” rating in a report on Tuesday, October 17th. Citigroup Inc. began coverage on shares of Blue Apron Holdings in a report on Tuesday, July 25th. They issued a “buy” rating and a $10.00 price objective for the company. Finally, CIBC reiterated a “market perform” rating on shares of Blue Apron Holdings in a report on Monday, August 21st.

Blue Apron Holdings (APRN) opened at 4.77 on Wednesday. Blue Apron Holdings has a 12 month low of $4.75 and a 12 month high of $11.00. The stock has a 50 day moving average price of $5.31 and a 200 day moving average price of $5.94. The company’s market cap is $143.31 million.

Blue Apron Holdings (NASDAQ:APRN) last issued its quarterly earnings results on Thursday, August 10th. The company reported ($0.47) earnings per share for the quarter, missing the Zacks’ consensus estimate of ($0.26) by ($0.21). The company had revenue of $238.10 million for the quarter, compared to analysts’ expectations of $235.78 million. The business’s revenue for the quarter was up 17.9% compared to the same quarter last year. Analysts anticipate that Blue Apron Holdings will post ($1.61) earnings per share for the current fiscal year.

A number of institutional investors have recently bought and sold shares of the stock. Obermeyer Wood Investment Counsel Lllp acquired a new stake in Blue Apron Holdings in the 2nd quarter valued at approximately $110,000. Royal Bank of Canada acquired a new stake in Blue Apron Holdings in the 2nd quarter valued at approximately $141,000. Legal & General Group Plc acquired a new stake in Blue Apron Holdings in the 2nd quarter valued at approximately $187,000. DekaBank Deutsche Girozentrale acquired a new stake in Blue Apron Holdings in the 2nd quarter valued at approximately $220,000. Finally, SG Americas Securities LLC acquired a new stake in Blue Apron Holdings in the 2nd quarter valued at approximately $264,000.

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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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