Stifel Nicolaus reaffirmed their hold rating on shares of Blue Apron (NYSE:APRN) in a research report sent to investors on Wednesday morning, Marketbeat.com reports. They currently have a $4.00 price objective on the stock, down from their prior price objective of $6.00.
APRN has been the topic of a number of other research reports. Needham & Company LLC reiterated a buy rating and set a $5.00 price target (down previously from $6.50) on shares of Blue Apron in a report on Friday, November 3rd. Zacks Investment Research downgraded Blue Apron from a hold rating to a sell rating in a report on Tuesday, October 17th. SunTrust Banks reiterated a hold rating and set a $5.50 price target on shares of Blue Apron in a report on Tuesday, October 24th. KeyCorp reiterated a hold rating on shares of Blue Apron in a report on Friday, December 1st. Finally, Royal Bank of Canada cut Blue Apron from an outperform rating to a sector perform rating and reduced their price objective for the company from $6.00 to $4.00 in a research report on Friday, December 1st. Two analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and four have given a buy rating to the stock. The stock currently has an average rating of Hold and a consensus price target of $6.61.
Shares of Blue Apron (NYSE APRN) traded down $0.13 during midday trading on Wednesday, hitting $3.34. The company had a trading volume of 1,253,809 shares, compared to its average volume of 2,592,957. The company has a debt-to-equity ratio of 0.48, a quick ratio of 2.73 and a current ratio of 3.15. Blue Apron has a twelve month low of $2.94 and a twelve month high of $11.00.
In other Blue Apron news, major shareholder First Round Capital Iv Partner sold 189,819 shares of the business’s stock in a transaction dated Monday, November 20th. The stock was sold at an average price of $3.04, for a total value of $577,049.76. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, CEO Brad Dickerson purchased 180,000 shares of Blue Apron stock in a transaction on Wednesday, December 13th. The stock was bought at an average cost of $3.93 per share, with a total value of $707,400.00. Following the transaction, the chief executive officer now directly owns 40,000 shares of the company’s stock, valued at $157,200. The disclosure for this purchase can be found here. In the last three months, insiders have purchased 245,000 shares of company stock valued at $959,450 and have sold 257,756 shares valued at $782,943.
Several large investors have recently made changes to their positions in APRN. FMR LLC acquired a new position in shares of Blue Apron during the 2nd quarter worth about $42,090,000. River & Mercantile Asset Management LLP lifted its position in shares of Blue Apron by 113.9% during the 4th quarter. River & Mercantile Asset Management LLP now owns 2,222,005 shares of the company’s stock worth $8,966,000 after purchasing an additional 1,183,136 shares during the last quarter. Armistice Capital LLC acquired a new position in shares of Blue Apron during the 4th quarter worth about $4,030,000. Goldman Sachs Group Inc. acquired a new position in shares of Blue Apron during the 2nd quarter worth about $6,239,000. Finally, Westpac Banking Corp lifted its position in shares of Blue Apron by 170.2% during the 4th quarter. Westpac Banking Corp now owns 576,324 shares of the company’s stock worth $2,323,000 after purchasing an additional 363,044 shares during the last quarter. 58.74% of the stock is owned by institutional investors.
About Blue Apron
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.
Receive News & Ratings for Blue Apron Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Blue Apron and related companies with MarketBeat.com's FREE daily email newsletter.