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.
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