Blue Apron Holdings, Inc. (APRN) Major Shareholder Sells $339,179.74 in Stock
Blue Apron Holdings, Inc. (NYSE:APRN) major shareholder First Round Capital Iv Partner sold 110,482 shares of Blue Apron Holdings stock in a transaction that occurred on Tuesday, November 14th. The stock was sold at an average price of $3.07, for a total value of $339,179.74. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Major shareholders that own 10% or more of a company’s shares are required to disclose their transactions with the SEC.
Blue Apron Holdings, Inc. (NYSE:APRN) remained flat at $$3.06 on Wednesday. 1,092,000 shares of the company’s stock were exchanged, compared to its average volume of 3,231,614. Blue Apron Holdings, Inc. has a 1-year low of $3.02 and a 1-year high of $11.00. The company has a current ratio of 3.15, a quick ratio of 2.73 and a debt-to-equity ratio of 0.48.
Blue Apron Holdings (NYSE:APRN) last posted its quarterly earnings data on Thursday, November 2nd. The company reported ($0.47) earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of ($0.43) by ($0.04). The company had revenue of $210.60 million during the quarter, compared to the consensus estimate of $191.47 million. During the same period in the prior year, the firm posted ($0.56) EPS. The firm’s revenue for the quarter was up 2.5% compared to the same quarter last year. equities analysts expect that Blue Apron Holdings, Inc. will post -1.63 earnings per share for the current year.
A number of institutional investors and hedge funds have recently bought and sold shares of APRN. Russell Investments Group Ltd. purchased a new position in Blue Apron Holdings during the 2nd quarter valued at $464,000. DekaBank Deutsche Girozentrale purchased a new position in Blue Apron Holdings during the 2nd quarter valued at $220,000. Obermeyer Wood Investment Counsel Lllp purchased a new position in Blue Apron Holdings during the 2nd quarter valued at $110,000. LMR Partners LLP purchased a new position in Blue Apron Holdings during the 2nd quarter valued at $2,195,000. Finally, SG Americas Securities LLC purchased a new position in Blue Apron Holdings during the 2nd quarter valued at $264,000. Institutional investors own 91.18% of the company’s stock.
A number of brokerages have recently commented on APRN. Goldman Sachs Group, Inc. (The) began coverage on Blue Apron Holdings in a report on Monday, July 24th. They issued a “buy” rating and a $11.00 target price for the company. Needham & Company LLC reiterated a “buy” rating and issued a $5.00 target price (down previously from $6.50) on shares of Blue Apron Holdings in a report on Friday, November 3rd. Zacks Investment Research cut Blue Apron Holdings from a “hold” rating to a “sell” rating in a report on Tuesday, October 17th. SunTrust Banks, Inc. reiterated a “hold” rating and issued a $5.50 target price on shares of Blue Apron Holdings in a report on Tuesday, October 24th. Finally, Citigroup Inc. began coverage on Blue Apron Holdings in a report on Tuesday, July 25th. They issued a “buy” rating and a $10.00 target price for the company. Two research analysts have rated the stock with a sell rating, eleven have given a hold rating and four have assigned a buy rating to the stock. The company presently has an average rating of “Hold” and a consensus price target of $7.12.
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.
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