Blue Apron (APRN) Shares Down 8%

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Shares of Blue Apron Holdings Inc (NYSE:APRN) were down 8% during trading on Monday . The stock traded as low as $0.64 and last traded at $0.69. Approximately 5,788,734 shares traded hands during mid-day trading, an increase of 63% from the average daily volume of 3,550,590 shares. The stock had previously closed at $0.75.

Several analysts recently commented on APRN shares. ValuEngine downgraded shares of Blue Apron from a “buy” rating to a “hold” rating in a research report on Friday, January 25th. Zacks Investment Research downgraded shares of Blue Apron from a “buy” rating to a “hold” rating in a research report on Wednesday, February 27th. Finally, SunTrust Banks restated a “hold” rating and set a $1.70 price objective on shares of Blue Apron in a research report on Sunday, April 7th. Nine investment analysts have rated the stock with a hold rating, The stock has a consensus rating of “Hold” and an average target price of $1.66.

The stock has a market capitalization of $149.82 million, a P/E ratio of -1.15 and a beta of 1.12. The company has a debt-to-equity ratio of 0.70, a quick ratio of 1.69 and a current ratio of 2.21.

Blue Apron (NYSE:APRN) last announced its quarterly earnings data on Tuesday, April 30th. The company reported ($0.03) EPS for the quarter, topping the Zacks’ consensus estimate of ($0.06) by $0.03. The company had revenue of $141.89 million during the quarter, compared to the consensus estimate of $149.79 million. Blue Apron had a negative net margin of 15.63% and a negative return on equity of 70.16%. Blue Apron’s quarterly revenue was down 27.9% on a year-over-year basis. During the same quarter in the prior year, the firm earned ($0.17) EPS. On average, analysts forecast that Blue Apron Holdings Inc will post -0.24 earnings per share for the current year.

In other Blue Apron news, major shareholder Bessemer Venture Partners Viii sold 15,000,000 shares of the company’s stock in a transaction on Tuesday, February 26th. The shares were sold at an average price of $1.15, for a total transaction of $17,250,000.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. In the last 90 days, insiders have sold 15,011,018 shares of company stock valued at $17,264,434. 56.24% of the stock is owned by insiders.

Several large investors have recently bought and sold shares of APRN. Aries Wealth Management grew its stake in shares of Blue Apron by 50.0% during the 1st quarter. Aries Wealth Management now owns 30,000 shares of the company’s stock worth $29,000 after purchasing an additional 10,000 shares during the period. Paloma Partners Management Co grew its stake in shares of Blue Apron by 160.8% during the 4th quarter. Paloma Partners Management Co now owns 33,639 shares of the company’s stock worth $34,000 after purchasing an additional 20,739 shares during the period. HRT Financial LLC acquired a new position in shares of Blue Apron during the 4th quarter worth $36,000. Regal Investment Advisors LLC acquired a new position in shares of Blue Apron during the 1st quarter worth $36,000. Finally, Charles Schwab Investment Management Inc. acquired a new position in shares of Blue Apron during the 1st quarter worth $46,000. 9.01% of the stock is currently owned by institutional investors and hedge funds.

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Blue Apron Company Profile (NYSE:APRN)

Blue Apron Holdings, Inc operates direct-to-consumer platform that delivers original recipes, and fresh and seasonal ingredients. It also operates Blue Apron Market, an e-commerce marketplace that provides cooking tools, utensils, and pantry items. In addition, the company offers Blue Apron Wine, a direct-to-consumer wine delivery service that sells wines, which can be paired with its meals; and supplies poultry, beef, and lamb.

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