Blue Apron Holdings Inc (NASDAQ:APRN)‘s stock had its “hold” rating reissued by investment analysts at Stifel Nicolaus in a research report issued to clients and investors on Friday. They currently have a $6.00 target price on the stock. Stifel Nicolaus’ price objective suggests a potential upside of 58.31% from the stock’s current price.

Other equities research analysts have also recently issued research reports about the stock. 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 target price for the company. SunTrust Banks, Inc. started coverage on shares of Blue Apron Holdings in a research report on Monday, July 24th. They set a “buy” rating and a $12.00 target price for the company. Canaccord Genuity started coverage on shares of Blue Apron Holdings in a research report on Monday, July 24th. They set a “buy” rating and a $14.00 target price for the company. Needham & Company LLC 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 target price for the company. Finally, Citigroup Inc. started coverage on shares of Blue Apron Holdings in a research report on Tuesday, July 25th. They set a “buy” rating and a $10.00 target price for the company. Three analysts have rated the stock with a sell rating, ten have issued a hold rating and four have issued a buy rating to the stock. The stock presently has a consensus rating of “Hold” and a consensus target price of $7.23.

Blue Apron Holdings (APRN) traded down $0.88 during trading hours on Friday, reaching $3.79. 2,760,809 shares of the company were exchanged.

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

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Hedge funds and other institutional investors have recently bought and sold shares of the business. JPMorgan Chase & Co. acquired a new stake in shares of Blue Apron Holdings in the second quarter worth $31,439,000. Balyasny Asset Management LLC acquired a new stake in shares of Blue Apron Holdings in the second quarter worth $584,000. Capital World Investors acquired a new stake in shares of Blue Apron Holdings in the second quarter worth $36,476,000. DekaBank Deutsche Girozentrale acquired a new stake in shares of Blue Apron Holdings in the second quarter worth $220,000. Finally, Tudor Investment Corp ET AL acquired a new stake in shares of Blue Apron Holdings in the second quarter worth $664,000.

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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