Blue Apron (NYSE:APRN) was upgraded by equities research analysts at Barclays from an “underweight” rating to an “equal weight” rating in a research note issued on Monday, Marketbeat reports. The brokerage presently has a $4.00 price objective on the stock, up from their previous price objective of $3.00. Barclays’ price target points to a potential upside of 6.38% from the stock’s current price.

Several other equities analysts have also commented on APRN. Royal Bank Of Canada reiterated an “outperform” rating and set a $8.00 price objective (down from $10.00) on shares of Blue Apron in a research report on Tuesday, August 8th. Goldman Sachs Group reiterated a “neutral” rating and set a $11.00 price objective on shares of Blue Apron in a research report on Thursday, August 10th. Citigroup lowered Blue Apron from a “buy” rating to a “neutral” rating and reduced their price objective for the company from $10.00 to $5.50 in a research report on Friday, August 11th. SunTrust Banks lowered Blue Apron from a “buy” rating to a “hold” rating and reduced their price objective for the company from $12.00 to $5.50 in a research report on Friday, August 11th. Finally, Canaccord Genuity reduced their price objective on Blue Apron from $14.00 to $11.00 and set a “buy” rating on the stock in a research report on Friday, August 11th. One research analyst has rated the stock with a sell rating, fourteen have issued a hold rating and three have given a buy rating to the company’s stock. The stock has an average rating of “Hold” and an average target price of $7.04.

Shares of Blue Apron (APRN) traded up $0.53 during trading on Monday, hitting $3.76. The stock had a trading volume of 11,563,206 shares, compared to its average volume of 3,149,464. The company has a debt-to-equity ratio of 0.48, a quick ratio of 2.73 and a current ratio of 3.15. Blue Apron has a 12-month low of $2.94 and a 12-month high of $11.00.

Blue Apron (NYSE:APRN) last announced its quarterly earnings data on Thursday, November 2nd. The company reported ($0.47) EPS for the quarter, missing the consensus estimate of ($0.43) by ($0.04). The firm had revenue of $210.60 million during the quarter, compared to analysts’ expectations of $191.47 million. The company’s revenue was up 2.5% on a year-over-year basis. During the same quarter in the previous year, the business earned ($0.56) EPS. research analysts forecast that Blue Apron will post -1.66 EPS for the current year.

In related news, major shareholder First Round Capital Iv, L.P. sold 1,460,435 shares of the stock in a transaction dated Tuesday, November 7th. The stock was sold at an average price of $3.26, for a total transaction of $4,761,018.10. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, major shareholder First Round Capital Iv Partner sold 104,139 shares of the stock in a transaction dated Thursday, November 16th. The shares were sold at an average price of $3.08, for a total value of $320,748.12. The disclosure for this sale can be found here. Insiders have sold a total of 2,010,459 shares of company stock valued at $6,446,924 over the last 90 days.

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Obermeyer Wood Investment Counsel Lllp purchased a new stake in Blue Apron in the 2nd quarter worth approximately $110,000. Royal Bank of Canada purchased a new stake in Blue Apron in the 2nd quarter worth approximately $141,000. Legal & General Group Plc purchased a new stake in Blue Apron in the 2nd quarter worth approximately $187,000. DekaBank Deutsche Girozentrale purchased a new stake in Blue Apron in the 2nd quarter worth approximately $220,000. Finally, Bank of New York Mellon Corp purchased a new stake in Blue Apron in the 3rd quarter worth approximately $120,000. Institutional investors and hedge funds own 58.35% of the company’s stock.

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Blue Apron 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 (NYSE:APRN)

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