Shares of Blue Apron Holdings Inc (NASDAQ:APRN) have received an average rating of “Buy” from the fifteen analysts that are currently covering the company, MarketBeat.com reports. One investment analyst has rated the stock with a sell recommendation, five have given a hold recommendation and nine have issued a buy recommendation on the company. The average 1-year price objective among analysts that have issued ratings on the stock in the last year is $9.63.
A number of equities analysts have recently commented on APRN shares. Northcoast Research started 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. Goldman Sachs Group, Inc. (The) started 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. Canaccord Genuity started coverage on shares of Blue Apron Holdings in a research report on Monday, July 24th. They issued a “buy” rating and a $14.00 price target on the stock. SunTrust Banks, Inc. started coverage on shares of Blue Apron Holdings in a research report on Monday, July 24th. They issued a “buy” rating and a $12.00 price target on the stock. Finally, Royal Bank Of Canada started coverage on shares of Blue Apron Holdings in a research report on Monday, July 24th. They issued an “outperform” rating and a $10.00 price target on the stock.
Shares of Blue Apron Holdings (NASDAQ:APRN) traded up 0.48% on Monday, hitting $6.23. 1,649,161 shares of the stock traded hands. The stock’s market cap is $187.17 million. Blue Apron Holdings has a 12-month low of $6.05 and a 12-month high of $11.00. The stock has a 50-day moving average price of $7.48 and a 200 day moving average price of $7.48.
A number of institutional investors have recently made changes to their positions in the company. Obermeyer Wood Investment Counsel Lllp bought a new position in shares of Blue Apron Holdings during the second quarter worth about $110,000. DekaBank Deutsche Girozentrale bought a new position in shares of Blue Apron Holdings during the second quarter worth about $220,000. SG Americas Securities LLC bought a new position in shares of Blue Apron Holdings during the second quarter worth about $264,000. Russell Investments Group Ltd. bought a new position in shares of Blue Apron Holdings during the second quarter worth about $464,000. Finally, LMR Partners LLP bought a new position in shares of Blue Apron Holdings during the second quarter worth about $2,195,000.
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.
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