Other equities analysts have also recently issued reports about the stock. Needham & Company LLC reaffirmed a buy rating and set a $5.00 price target (down from $6.50) on shares of Blue Apron in a research note on Friday, November 3rd. Zacks Investment Research cut shares of Blue Apron from a hold rating to a sell rating in a research note on Tuesday, October 17th. SunTrust Banks reaffirmed a hold rating and set a $5.50 price target on shares of Blue Apron in a research note on Tuesday, October 24th. KeyCorp reaffirmed a hold rating on shares of Blue Apron in a research note on Friday, December 1st. Finally, Stifel Nicolaus reaffirmed a hold rating and set a $6.00 price target on shares of Blue Apron in a research note on Friday, November 3rd. Two investment analysts have rated the stock with a sell rating, thirteen have given a hold rating and four have issued a buy rating to the company. Blue Apron has an average rating of Hold and a consensus target price of $6.61.
Shares of Blue Apron (APRN) traded down $0.03 during trading hours on Wednesday, hitting $3.44. 363,612 shares of the company’s stock were exchanged, compared to its average volume of 2,585,480. Blue Apron has a 1-year low of $2.94 and a 1-year high of $11.00. The company has a debt-to-equity ratio of 0.48, a current ratio of 3.15 and a quick ratio of 2.73.
In related news, major shareholder First Round Capital Iv Partner sold 65,728 shares of Blue Apron stock in a transaction dated Wednesday, November 22nd. The shares were sold at an average price of $3.03, for a total transaction of $199,155.84. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, SVP Timothy J. Smith acquired 25,000 shares of the firm’s stock in a transaction that occurred on Monday, December 11th. The shares were bought at an average price of $3.89 per share, with a total value of $97,250.00. Following the acquisition, the senior vice president now directly owns 28,386 shares in the company, valued at $110,421.54. The disclosure for this purchase can be found here. In the last quarter, insiders have purchased 245,000 shares of company stock valued at $959,450 and have sold 257,756 shares valued at $782,943.
Institutional investors and hedge funds have recently made changes to their positions in the stock. Bank of New York Mellon Corp bought a new stake in Blue Apron during the 3rd quarter valued at about $120,000. Royal Bank of Canada bought a new stake in Blue Apron during the 2nd quarter valued at about $141,000. BBR Partners LLC bought a new stake in shares of Blue Apron in the 3rd quarter valued at about $147,000. BlueCrest Capital Management Ltd bought a new stake in shares of Blue Apron in the 2nd quarter valued at about $280,000. Finally, Goldman Sachs Group Inc. raised its holdings in shares of Blue Apron by 3,473.3% in the 4th quarter. Goldman Sachs Group Inc. now owns 76,878 shares of the company’s stock valued at $310,000 after purchasing an additional 79,157 shares in the last quarter. Institutional investors own 58.74% of the company’s stock.
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Blue Apron 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.
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