Blue Apron (APRN) Receiving Somewhat Favorable Press Coverage, Report Shows

News stories about Blue Apron (NYSE:APRN) have been trending somewhat positive on Sunday, Accern Sentiment Analysis reports. Accern identifies positive and negative media coverage by monitoring more than twenty million news and blog sources in real time. Accern ranks coverage of companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Blue Apron earned a media sentiment score of 0.03 on Accern’s scale. Accern also assigned press coverage about the company an impact score of 45.7467716965541 out of 100, indicating that recent media coverage is somewhat unlikely to have an impact on the company’s share price in the immediate future.

Here are some of the media headlines that may have impacted Accern Sentiment Analysis’s rankings:

Shares of APRN stock remained flat at $$2.00 on Friday. 1,111,597 shares of the stock traded hands, compared to its average volume of 1,985,895. The stock has a market capitalization of $382.77 and a P/E ratio of -1.22. The company has a debt-to-equity ratio of 0.56, a quick ratio of 2.66 and a current ratio of 3.12. Blue Apron has a 52 week low of $1.72 and a 52 week high of $11.00.

Blue Apron (NYSE:APRN) last announced its earnings results on Tuesday, February 13th. The company reported ($0.20) EPS for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.27) by $0.07. The company had revenue of $187.70 million during the quarter, compared to the consensus estimate of $186.13 million. Blue Apron had a negative net margin of 23.85% and a negative return on equity of 787.55%. The firm’s revenue for the quarter was down 13.1% on a year-over-year basis. During the same quarter in the prior year, the company posted ($0.39) earnings per share. equities research analysts predict that Blue Apron will post -0.72 earnings per share for the current year.

Several research firms have weighed in on APRN. Stifel Nicolaus restated a “hold” rating and set a $4.00 price objective (down previously from $6.00) on shares of Blue Apron in a report on Wednesday, February 14th. Zacks Investment Research downgraded shares of Blue Apron from a “buy” rating to a “hold” rating in a report on Wednesday. Gabelli began coverage on shares of Blue Apron in a report on Friday, February 2nd. They set a “buy” rating and a $6.00 price objective on the stock. Royal Bank of Canada restated a “hold” rating and set a $4.00 price objective on shares of Blue Apron in a report on Wednesday, February 14th. Finally, Northcoast Research upgraded shares of Blue Apron from a “sell” rating to a “neutral” rating and lowered their price objective for the stock from $3.43 to $3.31 in a report on Friday, February 16th. Fifteen investment analysts have rated the stock with a hold rating and four have given a buy rating to the stock. Blue Apron presently has a consensus rating of “Hold” and a consensus target price of $6.39.

In related news, CTO Ilia M. Papas sold 133,333 shares of the stock in a transaction dated Friday, February 16th. The shares were sold at an average price of $3.54, for a total transaction of $471,998.82. Following the completion of the transaction, the chief technology officer now owns 140,833 shares in the company, valued at $498,548.82. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, General Counsel Benjamin C. Singer sold 10,000 shares of the stock in a transaction dated Friday, February 16th. The shares were sold at an average price of $3.50, for a total transaction of $35,000.00. Following the transaction, the general counsel now owns 10,000 shares of the company’s stock, valued at approximately $35,000. The disclosure for this sale can be found here. In the last quarter, insiders sold 410,000 shares of company stock valued at $1,090,999.

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Blue Apron Company Profile

Blue Apron Holdings, Inc operates an e-commerce marketplace that delivers original recipes and fresh ingredients for making home cooking accessible. It provides original recipes with the pre-portioned ingredients to complement tastes and lifestyles of college graduates, young couples, families, singles, and empty nesters.

Insider Buying and Selling by Quarter for Blue Apron (NYSE:APRN)

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