Blue Apron (NYSE:APRN)‘s stock had its “hold” rating reissued by Stifel Nicolaus in a report issued on Wednesday, MarketBeat.com reports. They currently have a $4.00 price target on the stock, down from their prior price target of $6.00. Stifel Nicolaus’ target price would indicate a potential upside of 15.27% from the stock’s current price.
A number of other research firms have also commented on APRN. Zacks Investment Research raised Blue Apron from a “sell” rating to a “hold” rating in a research report on Monday, November 6th. Barclays downgraded Blue Apron from an “equal weight” rating to an “underweight” rating and decreased their price objective for the stock from $5.00 to $3.00 in a report on Friday, November 3rd. KeyCorp reiterated a “hold” rating on shares of Blue Apron in a report on Friday, December 1st. Gabelli started coverage on Blue Apron in a report on Friday, February 2nd. They set a “buy” rating and a $6.00 price objective for the company. Finally, Royal Bank of Canada reiterated an “outperform” rating and set a $6.00 price objective (down from $8.00) on shares of Blue Apron in a report on Friday, November 3rd. Two research analysts have rated the stock with a sell rating, thirteen have given a hold rating and four have issued a buy rating to the stock. Blue Apron currently has an average rating of “Hold” and an average target price of $6.61.
Blue Apron (NYSE:APRN) traded up $0.12 during midday trading on Wednesday, hitting $3.47. The stock had a trading volume of 3,191,486 shares, compared to its average volume of 2,665,661. The firm has a market capitalization of $657.58 and a price-to-earnings ratio of -3.10. 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 52 week low of $2.94 and a 52 week high of $11.00.
In related news, CEO Brad Dickerson purchased 180,000 shares of the firm’s stock in a transaction on Wednesday, December 13th. The stock was purchased at an average cost of $3.93 per share, for a total transaction of $707,400.00. Following the completion of the purchase, the chief executive officer now directly owns 40,000 shares in the company, valued at $157,200. The acquisition was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, SVP Timothy J. Smith purchased 25,000 shares of the firm’s stock in a transaction on Monday, December 11th. The stock was bought at an average price of $3.89 per share, with a total value of $97,250.00. Following the completion of the purchase, the senior vice president now owns 28,386 shares of the company’s stock, valued at $110,421.54. The disclosure for this purchase can be found here. Over the last 90 days, insiders acquired 245,000 shares of company stock valued at $959,450 and sold 361,895 shares valued at $1,103,691.
A number of large investors have recently added to or reduced their stakes in the stock. Goldman Sachs Group Inc. lifted its holdings in Blue Apron by 3,473.3% during the 4th quarter. Goldman Sachs Group Inc. now owns 76,878 shares of the company’s stock worth $310,000 after purchasing an additional 79,157 shares during the last quarter. Armistice Capital LLC acquired a new stake in Blue Apron during the 4th quarter worth approximately $4,030,000. Lombard Odier Asset Management USA Corp acquired a new stake in Blue Apron during the 4th quarter worth approximately $705,000. Geode Capital Management LLC lifted its holdings in Blue Apron by 39.8% during the 4th quarter. Geode Capital Management LLC now owns 156,799 shares of the company’s stock worth $631,000 after purchasing an additional 44,602 shares during the last quarter. Finally, River & Mercantile Asset Management LLP lifted its holdings in Blue Apron by 113.9% during the 4th quarter. River & Mercantile Asset Management LLP now owns 2,222,005 shares of the company’s stock worth $8,966,000 after purchasing an additional 1,183,136 shares during the last quarter. 58.74% of the stock is owned by institutional investors and hedge funds.
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About Blue Apron
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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