Blue Apron Holdings Inc (NASDAQ:APRN) Receives $9.45 Consensus Price Target from Analysts

Shares of Blue Apron Holdings Inc (NASDAQ:APRN) have been assigned an average recommendation of “Hold” from the fifteen ratings firms that are covering the company, Marketbeat.com reports. One analyst has rated the stock with a sell recommendation, six have issued a hold recommendation and eight have given a buy recommendation to the company. The average 12-month price objective among analysts that have issued ratings on the stock in the last year is $9.63.

APRN has been the subject of several recent analyst reports. SunTrust Banks, Inc. initiated coverage on Blue Apron Holdings in a report on Monday, July 24th. They issued a “buy” rating and a $12.00 price target for the company. Canaccord Genuity initiated coverage on Blue Apron Holdings in a report on Monday, July 24th. They issued a “buy” rating and a $14.00 price target for the company. Needham & Company LLC initiated coverage on Blue Apron Holdings in a report on Monday, July 24th. They issued a “buy” rating and a $10.00 price target for the company. 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 for the company. Finally, Stifel Nicolaus initiated coverage on Blue Apron Holdings in a report on Monday, July 24th. They issued a “buy” rating and a $10.00 price target for the company.

Several large investors have recently added to or reduced their stakes in the company. JPMorgan Chase & Co. purchased a new stake in Blue Apron Holdings during the second quarter worth approximately $31,439,000. Victory Capital Management Inc. purchased a new stake in Blue Apron Holdings during the second quarter worth approximately $14,010,000. Alliancebernstein L.P. purchased a new stake in Blue Apron Holdings during the second quarter worth approximately $4,670,000. LMR Partners LLP purchased a new stake in Blue Apron Holdings during the second quarter worth approximately $2,195,000. Finally, Oak Ridge Investments LLC purchased a new stake in Blue Apron Holdings during the second quarter worth approximately $934,000.

Blue Apron Holdings (NASDAQ APRN) opened at 5.14 on Monday. Blue Apron Holdings has a 1-year low of $5.03 and a 1-year high of $11.00. The firm’s 50-day moving average is $7.11 and its 200 day moving average is $7.11. The company’s market cap is $154.42 million.

Blue Apron Holdings (NASDAQ:APRN) last issued its quarterly earnings results on Thursday, August 10th. The company reported ($0.47) earnings per share for the quarter, missing the consensus estimate of ($0.26) by $0.21. The business had revenue of $238.10 million during the quarter, compared to analyst estimates of $235.78 million. Blue Apron Holdings’s quarterly revenue was up 17.9% on a year-over-year basis. Analysts predict that Blue Apron Holdings will post ($1.05) earnings per share for the current fiscal year.

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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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