Equities research analysts at Barclays PLC initiated coverage on shares of Blue Apron Holdings Inc (NASDAQ:APRN) in a research report issued on Monday, July 24th, MarketBeat reports. The brokerage set an “equal weight” rating and a $7.00 price target on the stock. Barclays PLC’s price target suggests a potential upside of 31.83% from the stock’s current price.
Several other research analysts have also issued reports on the company. Northcoast Research started coverage on Blue Apron Holdings in a research report on Tuesday, July 11th. They set a “sell” rating and a $2.00 target price for the company. Goldman Sachs Group, Inc. (The) started coverage on Blue Apron Holdings in a research report on Monday, July 24th. They set a “buy” rating and a $11.00 target price for the company. Finally, Royal Bank Of Canada started coverage on Blue Apron Holdings in a research report on Monday, July 24th. They set an “outperform” rating and a $10.00 target price for the company. One investment analyst has rated the stock with a sell rating, ten have issued a hold rating and four have issued a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and an average target price of $7.67.
Shares of Blue Apron Holdings (NASDAQ:APRN) traded down 1.48% on Monday, reaching $5.31. The company had a trading volume of 1,520,614 shares. The firm’s market cap is $159.53 million. The company has a 50-day moving average price of $6.87 and a 200-day moving average price of $6.87. Blue Apron Holdings has a one year low of $5.00 and a one year high of $11.00.
Blue Apron Holdings (NASDAQ:APRN) last announced its quarterly earnings results on Thursday, August 10th. The company reported ($0.47) EPS for the quarter, missing the Zacks’ consensus estimate of ($0.26) by $0.21. The firm had revenue of $238.10 million during the quarter, compared to the consensus estimate of $235.78 million. Blue Apron Holdings’s revenue was up 17.9% compared to the same quarter last year. On average, analysts expect that Blue Apron Holdings will post ($1.55) earnings per share for the current fiscal year.
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Hedge funds have recently modified their holdings of the company. Obermeyer Wood Investment Counsel Lllp acquired a new stake in shares of Blue Apron Holdings during the second quarter worth $110,000. Royal Bank of Canada acquired a new stake in shares of Blue Apron Holdings during the second quarter worth $141,000. Legal & General Group Plc acquired a new stake in shares of Blue Apron Holdings during the second quarter worth $187,000. DekaBank Deutsche Girozentrale acquired a new stake in shares of Blue Apron Holdings during the second quarter worth $220,000. Finally, SG Americas Securities LLC purchased a new stake in shares of Blue Apron Holdings during the second quarter valued at approximately $264,000.
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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