Blue Apron Holdings Inc (APRN) Rating Lowered to Market Perform at Oppenheimer Holdings, Inc.

Blue Apron Holdings Inc (NASDAQ:APRN) was downgraded by equities research analysts at Oppenheimer Holdings, Inc. from an “outperform” rating to a “market perform” rating in a note issued to investors on Friday.

APRN has been the topic of several other research reports. Citigroup Inc. cut Blue Apron Holdings from a “buy” rating to a “neutral” rating in a research report on Friday. CIBC assumed coverage on Blue Apron Holdings in a research report on Monday, July 24th. They set an “outperform” rating and a $11.00 price objective on the stock. Northcoast Research began coverage on Blue Apron Holdings in a research report on Tuesday, July 11th. They set a “sell” rating and a $2.00 price objective on the stock. Goldman Sachs Group, Inc. (The) began coverage on Blue Apron Holdings in a research report on Monday, July 24th. They issued a “buy” rating and a $11.00 price target on the stock. Finally, Royal Bank Of Canada raised their price target on Blue Apron Holdings from $8.00 to $10.00 and gave the stock an “outperform” rating in a research report on Friday. One research analyst has rated the stock with a sell rating, nine have issued a hold rating and five have assigned a buy rating to the company. The stock currently has an average rating of “Hold” and an average target price of $9.38.

Blue Apron Holdings (NASDAQ:APRN) opened at 5.14 on Friday. The company’s market cap is $154.42 million. The company’s 50-day moving average is $7.11 and its 200-day moving average is $7.11. Blue Apron Holdings has a 12 month low of $5.03 and a 12 month high of $11.00.

Blue Apron Holdings (NASDAQ:APRN) last posted its quarterly earnings data 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 analysts’ expectations of $235.78 million. The company’s revenue was up 17.9% on a year-over-year basis. On average, equities research analysts anticipate that Blue Apron Holdings will post ($1.27) earnings per share for the current year.

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Several hedge funds and other institutional investors have recently modified their holdings of APRN. Obermeyer Wood Investment Counsel Lllp bought a new position in shares of Blue Apron Holdings during the second quarter worth approximately $110,000. Legal & General Group Plc bought a new position in shares of Blue Apron Holdings during the second quarter worth approximately $187,000. DekaBank Deutsche Girozentrale bought a new position in shares of Blue Apron Holdings during the second quarter worth approximately $220,000. SG Americas Securities LLC bought a new position in shares of Blue Apron Holdings during the second quarter worth approximately $264,000. Finally, Russell Investments Group Ltd. bought a new position in shares of Blue Apron Holdings during the second quarter worth approximately $464,000.

Blue Apron Holdings Company Profile

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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