Blue Apron Holdings Inc (NASDAQ:APRN) Research Coverage Started at Canaccord Genuity

Canaccord Genuity started coverage on shares of Blue Apron Holdings Inc (NASDAQ:APRN) in a report released on Monday, July 24th, MarketBeat.com reports. The firm issued a buy rating and a $14.00 price objective on the stock.

A number of other equities research analysts also recently issued reports on APRN. Needham & Company LLC assumed coverage on Blue Apron Holdings in a research note on Monday, July 24th. They set a buy rating and a $10.00 price target for the company. UBS AG assumed coverage on Blue Apron Holdings in a research note on Monday, July 24th. They set a market perform rating for the company. Royal Bank Of Canada assumed coverage on Blue Apron Holdings in a research note on Monday, July 24th. They set an outperform rating and a $10.00 price objective for the company. SunTrust Banks, Inc. initiated coverage on Blue Apron Holdings in a research note on Monday, July 24th. They set a buy rating and a $12.00 price objective for the company. Finally, Goldman Sachs Group, Inc. (The) initiated coverage on Blue Apron Holdings in a report on Monday, July 24th. They issued a buy rating and a $11.00 price target on the stock. One research analyst has rated the stock with a sell rating, ten have assigned a hold rating and four have given a buy rating to the company. The stock currently has an average rating of Hold and a consensus target price of $7.67.

Blue Apron Holdings (NASDAQ:APRN) traded down 1.48% during trading on Monday, reaching $5.31. 1,520,614 shares of the company’s stock traded hands. Blue Apron Holdings has a 52-week low of $5.00 and a 52-week high of $11.00. The stock’s market cap is $159.53 million. The company’s 50 day moving average is $6.73 and its 200-day moving average is $6.82.

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

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Several institutional investors have recently added to or reduced their stakes in the stock. Empyrean Capital Partners LP acquired a new position in shares of Blue Apron Holdings during the second quarter valued at approximately $934,000. BlueCrest Capital Management Ltd acquired a new position in shares of Blue Apron Holdings during the second quarter valued at approximately $280,000. Royal Bank of Canada acquired a new position in shares of Blue Apron Holdings during the second quarter valued at approximately $141,000. Capital World Investors acquired a new position in shares of Blue Apron Holdings during the second quarter valued at approximately $36,476,000. Finally, Goldman Sachs Group Inc. acquired a new position in shares of Blue Apron Holdings during the second quarter valued at approximately $6,239,000.

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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