Blue Apron Holdings Inc (NASDAQ:APRN)‘s stock had its “buy” rating reaffirmed by stock analysts at Needham & Company LLC in a research report issued on Friday. They currently have a $5.00 price objective on the stock. Needham & Company LLC’s target price indicates a potential upside of 31.93% from the company’s previous close.

APRN has been the subject of several other reports. Citigroup Inc cut Blue Apron Holdings from a “buy” rating to a “neutral” rating and reduced their price target for the company from $10.00 to $5.50 in a research report on Friday, August 11th. CIBC started coverage on Blue Apron Holdings in a research report on Monday, July 24th. They set an “outperform” rating and a $11.00 target price for the company. Northcoast Research started coverage on Blue Apron Holdings in a research note on Tuesday, July 11th. They set a “sell” rating and a $2.00 price target for the company. Zacks Investment Research lowered Blue Apron Holdings from a “hold” rating to a “sell” rating in a research note on Tuesday, October 17th. Finally, Goldman Sachs Group, Inc. (The) began coverage on Blue Apron Holdings in a research note on Monday, July 24th. They set a “buy” rating and a $11.00 price target for the company. Three research analysts have rated the stock with a sell rating, ten have issued a hold rating and four have given a buy rating to the stock. Blue Apron Holdings presently has a consensus rating of “Hold” and a consensus target price of $7.12.

Blue Apron Holdings (NASDAQ APRN) traded down $0.88 on Friday, hitting $3.79. 2,773,574 shares of the company traded hands.

Blue Apron Holdings (NASDAQ:APRN) last posted its earnings results on Thursday, November 2nd. The company reported ($0.47) earnings per share for the quarter, missing the Zacks’ consensus estimate of ($0.43) by ($0.04). The firm had revenue of $210.60 million during the quarter, compared to the consensus estimate of $191.47 million. The firm’s quarterly revenue was up 2.5% on a year-over-year basis. During the same quarter in the previous year, the company earned ($0.56) EPS.

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A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. Obermeyer Wood Investment Counsel Lllp bought a new position in Blue Apron Holdings during the 2nd quarter valued at approximately $110,000. Royal Bank of Canada bought a new position in Blue Apron Holdings during the 2nd quarter valued at approximately $141,000. Legal & General Group Plc bought a new position in Blue Apron Holdings during the 2nd quarter valued at approximately $187,000. DekaBank Deutsche Girozentrale bought a new position in Blue Apron Holdings during the 2nd quarter valued at approximately $220,000. Finally, SG Americas Securities LLC bought a new position in Blue Apron Holdings during the 2nd 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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