Blue Apron Holdings Inc (NASDAQ:APRN) Coverage Initiated at Barclays PLC

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.

Analyst Recommendations for Blue Apron Holdings (NASDAQ:APRN)

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