Blue Apron (NYSE:APRN)‘s stock had its “hold” rating restated by Royal Bank of Canada in a research report issued to clients and investors on Wednesday. They presently have a $4.00 target price on the stock. Royal Bank of Canada’s price objective would indicate a potential upside of 15.27% from the stock’s current price.
A number of other analysts have also recently commented on the company. Zacks Investment Research upgraded Blue Apron from a “sell” rating to a “hold” rating in a research report on Monday, November 6th. Gabelli initiated coverage on Blue Apron in a research report on Friday, February 2nd. They issued a “buy” rating and a $6.00 price target for the company. KeyCorp restated a “hold” rating on shares of Blue Apron in a research report on Friday, December 1st. Stifel Nicolaus restated a “hold” rating and issued a $6.00 price target on shares of Blue Apron in a research report on Friday, November 3rd. Finally, Needham & Company LLC restated a “buy” rating and issued a $5.00 price target (down previously from $6.50) on shares of Blue Apron in a research report on Friday, November 3rd. Two equities research analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and four have issued a buy rating to the company. The company presently has an average rating of “Hold” and an average target price of $6.61.
Shares of Blue Apron (NYSE:APRN) traded up $0.12 on Wednesday, reaching $3.47. The company’s stock had a trading volume of 3,201,485 shares, compared to its average volume of 2,665,661. The company has a debt-to-equity ratio of 0.48, a quick ratio of 2.73 and a current ratio of 3.15. The stock has a market capitalization of $657.58 and a PE ratio of -3.10. Blue Apron has a fifty-two week low of $2.94 and a fifty-two week high of $11.00.
In related news, major shareholder First Round Capital Iv Partner sold 189,819 shares of the stock in a transaction dated Monday, November 20th. The stock was sold at an average price of $3.04, for a total transaction of $577,049.76. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Brad Dickerson bought 40,000 shares of the business’s stock in a transaction that occurred on Monday, December 11th. The shares were acquired at an average price of $3.87 per share, with a total value of $154,800.00. Following the transaction, the chief executive officer now directly owns 40,000 shares of the company’s stock, valued at approximately $154,800. The disclosure for this purchase can be found here. In the last quarter, insiders have purchased 245,000 shares of company stock valued at $959,450 and have sold 361,895 shares valued at $1,103,691.
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in APRN. Bank of New York Mellon Corp purchased a new position in Blue Apron during the 3rd quarter valued at approximately $120,000. Royal Bank of Canada purchased a new position in Blue Apron during the 2nd quarter valued at approximately $141,000. BBR Partners LLC purchased a new position in Blue Apron during the 3rd quarter valued at approximately $147,000. BlueCrest Capital Management Ltd purchased a new position in Blue Apron during the 2nd quarter valued at approximately $280,000. Finally, Goldman Sachs Group Inc. grew 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 valued at $310,000 after buying an additional 79,157 shares in the last quarter. Institutional investors and hedge funds own 58.74% 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.
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