Blue Apron Holdings Inc (NASDAQ:APRN) - Equities research analysts at William Blair issued their Q2 2017 earnings estimates for shares of Blue Apron Holdings in a research note issued on Monday. William Blair analyst R. Schackart forecasts that the company will post earnings of ($0.16) per share for the quarter. William Blair has a “Market Perform” rating on the stock. William Blair also issued estimates for Blue Apron Holdings’ Q3 2017 earnings at ($0.22) EPS, Q4 2017 earnings at ($0.08) EPS, FY2017 earnings at ($0.73) EPS, FY2018 earnings at ($0.48) EPS, FY2019 earnings at ($0.23) EPS, FY2020 earnings at $0.06 EPS and FY2021 earnings at $0.31 EPS.
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APRN has been the topic of several other research reports. Citigroup Inc. started coverage on shares of Blue Apron Holdings in a research report on Tuesday. They issued a “buy” rating and a $10.00 price target on the stock. CIBC assumed coverage on shares of Blue Apron Holdings in a research report on Monday. They set an “outperform” rating and a $11.00 target price on the stock. Raymond James Financial, Inc. assumed coverage on shares of Blue Apron Holdings in a research report on Monday. They set a “market perform” rating on the stock. Oppenheimer Holdings, Inc. assumed coverage on shares of Blue Apron Holdings in a research report on Monday. They set an “outperform” rating and a $11.00 target price on the stock. Finally, Morgan Stanley assumed coverage on shares of Blue Apron Holdings in a research report on Monday. They set an “equal weight” rating and a $7.50 target price on the stock. One investment analyst has rated the stock with a sell rating, five have issued a hold rating and nine have assigned a buy rating to the company’s stock. The stock currently has an average rating of “Buy” and an average target price of $9.63.
Shares of Blue Apron Holdings (NASDAQ:APRN) opened at 7.50 on Wednesday. Blue Apron Holdings has a one year low of $6.23 and a one year high of $11.00. The company’s market capitalization is $225.32 million. The stock has a 50 day moving average price of $7.72 and a 200-day moving average price of $7.72.
A hedge fund recently bought a new stake in Blue Apron Holdings stock. Russell Investments Group Ltd. acquired a new position in shares of Blue Apron Holdings Inc (NASDAQ:APRN) during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 49,600 shares of the company’s stock, valued at approximately $464,000. Russell Investments Group Ltd. owned 0.17% of Blue Apron Holdings at the end of the most recent quarter.
About Blue Apron Holdings
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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