Blue Apron Holdings Inc (APRN) Earns “Sector Weight” Rating from KeyCorp

KeyCorp reiterated their sector weight rating on shares of Blue Apron Holdings Inc (NASDAQ:APRN) in a research note issued to investors on Monday morning, Marketbeat.com reports.

APRN has been the topic of a number of other reports. Goldman Sachs Group, Inc. (The) initiated coverage on shares of 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. Zacks Investment Research downgraded shares of Blue Apron Holdings from a hold rating to a sell rating in a research report on Tuesday, September 12th. Citigroup Inc. initiated coverage on shares of Blue Apron Holdings in a research report on Tuesday, July 25th. They issued a buy rating and a $10.00 price target on the stock. Northcoast Research initiated coverage on shares of Blue Apron Holdings in a research report on Tuesday, July 11th. They issued a sell rating and a $2.00 price target on the stock. Finally, Royal Bank Of Canada restated an outperform rating and issued a $8.00 price target (down from $10.00) on shares of Blue Apron Holdings in a research report on Tuesday, August 8th. One research analyst has rated the stock with a sell rating, twelve have issued a hold rating and three have issued a buy rating to the company’s stock. The company has an average rating of Hold and a consensus target price of $7.67.

Shares of Blue Apron Holdings (NASDAQ APRN) opened at 5.22 on Monday. Blue Apron Holdings has a one year low of $5.00 and a one year high of $11.00. The stock has a 50 day moving average of $5.53 and a 200-day moving average of $6.30. The stock’s market capitalization is $156.82 million.

Blue Apron Holdings (NASDAQ:APRN) last posted its quarterly earnings results on Thursday, August 10th. The company reported ($0.47) earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of ($0.26) by ($0.21). The firm had revenue of $238.10 million for the quarter, compared to the consensus estimate of $235.78 million. The business’s quarterly revenue was up 17.9% compared to the same quarter last year. Equities analysts predict that Blue Apron Holdings will post ($1.60) earnings per share for the current fiscal year.

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A number of large investors have recently modified their holdings of the stock. Obermeyer Wood Investment Counsel Lllp bought a new stake in Blue Apron Holdings in the 2nd quarter valued at about $110,000. Royal Bank of Canada bought a new stake in Blue Apron Holdings in the 2nd quarter valued at about $141,000. Legal & General Group Plc bought a new stake in Blue Apron Holdings in the 2nd quarter valued at about $187,000. DekaBank Deutsche Girozentrale bought a new stake in Blue Apron Holdings in the 2nd quarter valued at about $220,000. Finally, SG Americas Securities LLC bought a new stake in Blue Apron Holdings in the 2nd quarter valued at about $264,000.

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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