Blue Apron Holdings Inc (APRN) Coverage Initiated at Oppenheimer Holdings, Inc.

Stock analysts at Oppenheimer Holdings, Inc. initiated coverage on shares of Blue Apron Holdings Inc (NASDAQ:APRN) in a research report issued to clients and investors on Monday, July 24th, MarketBeat reports. The brokerage set an “outperform” rating and a $11.00 price target on the stock. Oppenheimer Holdings, Inc.’s price objective suggests a potential upside of 107.16% from the stock’s current price. Oppenheimer Holdings also issued estimates for Blue Apron Holdings’ Q2 2017 earnings at ($0.45) EPS, Q3 2017 earnings at ($0.22) EPS, Q4 2017 earnings at ($0.08) EPS, FY2017 earnings at ($1.08) EPS and FY2018 earnings at ($0.47) EPS.

Several other brokerages have also recently weighed in on APRN. Morgan Stanley began coverage on Blue Apron Holdings in a report on Monday, July 24th. They issued an “equal weight” rating and a $7.50 price objective for the company. Canaccord Genuity started coverage on Blue Apron Holdings in a report on Monday, July 24th. They issued a “buy” rating and a $14.00 price objective for the company. Needham & Company LLC started coverage on Blue Apron Holdings in a report on Monday, July 24th. They set a “buy” rating and a $10.00 price target for the company. William Blair initiated coverage on Blue Apron Holdings in a report on Monday, July 24th. They set a “market perform” rating for the company. Finally, SunTrust Banks, Inc. initiated coverage on Blue Apron Holdings in a research report on Monday, July 24th. They set a “buy” rating and a $12.00 price objective on the stock. One research analyst has rated the stock with a sell rating, ten have given a hold rating and four have given a buy rating to the company’s stock. Blue Apron Holdings has an average rating of “Hold” and a consensus price target of $7.67.

Shares of Blue Apron Holdings (NASDAQ:APRN) traded down 1.48% on Monday, hitting $5.31. The company had a trading volume of 1,520,614 shares. Blue Apron Holdings has a 12-month low of $5.00 and a 12-month high of $11.00. The firm has a 50-day moving average price of $6.73 and a 200 day moving average price of $6.82. The company’s market capitalization is $159.53 million.

Blue Apron Holdings (NASDAQ:APRN) last released its quarterly earnings results on Thursday, August 10th. The company reported ($0.47) earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.26) by $0.21. The company had revenue of $238.10 million during the quarter, compared to analyst estimates of $235.78 million. The firm’s quarterly revenue was up 17.9% compared to the same quarter last year. Equities analysts expect that Blue Apron Holdings will post ($1.55) EPS for the current year.

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Large investors have recently added to or reduced their stakes in the stock. FMR LLC acquired a new stake in shares of Blue Apron Holdings during the second quarter valued at approximately $42,090,000. Capital World Investors acquired a new stake in shares of Blue Apron Holdings during the second quarter valued at approximately $36,476,000. JPMorgan Chase & Co. acquired a new stake in shares of Blue Apron Holdings during the second quarter valued at approximately $31,439,000. Victory Capital Management Inc. acquired a new stake in shares of Blue Apron Holdings during the second quarter valued at approximately $14,010,000. Finally, Laurion Capital Management LP purchased a new position in Blue Apron Holdings during the second quarter worth $10,274,000.

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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