Blue Apron (APRN) Shares Up 7%

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Blue Apron Holdings Inc (NYSE:APRN)’s share price shot up 7% during trading on Monday . The stock traded as high as $1.52 and last traded at $1.52. 4,816,597 shares changed hands during mid-day trading, an increase of 11% from the average session volume of 4,337,889 shares. The stock had previously closed at $1.42.

Several research firms recently commented on APRN. Zacks Investment Research downgraded shares of Blue Apron from a “buy” rating to a “hold” rating in a research note on Wednesday, February 6th. ValuEngine lowered shares of Blue Apron from a “buy” rating to a “hold” rating in a research report on Friday, January 25th. Barclays decreased their target price on shares of Blue Apron from $2.50 to $1.25 and set an “equal weight” rating on the stock in a research report on Thursday, November 15th. Stifel Nicolaus decreased their target price on shares of Blue Apron from $2.00 to $1.50 and set a “hold” rating on the stock in a research report on Thursday, November 15th. Finally, Guggenheim lowered Blue Apron from a “buy” rating to a “neutral” rating and set a $1.02 target price on the stock. in a report on Thursday, November 15th. Eleven research analysts have rated the stock with a hold rating, Blue Apron currently has a consensus rating of “Hold” and a consensus target price of $1.91.

The firm has a market cap of $287.72 million, a price-to-earnings ratio of -2.41 and a beta of 1.18. The company has a quick ratio of 1.38, a current ratio of 1.65 and a debt-to-equity ratio of 0.60.

Blue Apron (NYSE:APRN) last issued its earnings results on Wednesday, January 30th. The company reported ($0.12) earnings per share for the quarter, beating the Zacks’ consensus estimate of ($0.17) by $0.05. The firm had revenue of $140.73 million for the quarter, compared to the consensus estimate of $137.81 million. Blue Apron had a negative return on equity of 72.42% and a negative net margin of 18.30%. The company’s revenue was down 25.0% compared to the same quarter last year. During the same quarter last year, the business posted ($0.20) EPS. As a group, equities research analysts predict that Blue Apron Holdings Inc will post -0.35 earnings per share for the current year.

In other news, insider Ilia M. Papas sold 133,334 shares of the firm’s stock in a transaction that occurred on Tuesday, January 8th. The shares were sold at an average price of $0.91, for a total value of $121,333.94. Following the sale, the insider now directly owns 203,024 shares in the company, valued at approximately $184,751.84. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, insider Ilia M. Papas sold 133,333 shares of the firm’s stock in a transaction that occurred on Friday, December 7th. The shares were sold at an average price of $1.09, for a total transaction of $145,332.97. Following the completion of the sale, the insider now owns 203,023 shares in the company, valued at $221,295.07. The disclosure for this sale can be found here. Insiders sold 367,313 shares of company stock worth $375,753 over the last ninety days. 56.24% of the stock is currently owned by insiders.

A number of institutional investors have recently modified their holdings of APRN. Northern Trust Corp boosted its position in Blue Apron by 55.8% during the 2nd quarter. Northern Trust Corp now owns 85,533 shares of the company’s stock worth $287,000 after buying an additional 30,625 shares during the period. Raymond James Trust N.A. lifted its holdings in shares of Blue Apron by 216.9% during the third quarter. Raymond James Trust N.A. now owns 150,451 shares of the company’s stock worth $259,000 after purchasing an additional 102,982 shares during the period. SG Americas Securities LLC acquired a new position in shares of Blue Apron during the third quarter worth $208,000. FMR LLC acquired a new position in shares of Blue Apron during the third quarter worth $3,431,000. Finally, Blair William & Co. IL lifted its holdings in shares of Blue Apron by 7.7% during the third quarter. Blair William & Co. IL now owns 1,162,095 shares of the company’s stock worth $1,999,000 after purchasing an additional 82,900 shares during the period. Hedge funds and other institutional investors own 10.64% of the company’s stock.

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About Blue Apron (NYSE:APRN)

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.

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