Blue Apron Holdings Inc (NASDAQ:APRN) Earns Outperform Rating from Analysts at Oppenheimer Holdings, Inc.

Oppenheimer Holdings, Inc. initiated coverage on shares of Blue Apron Holdings Inc (NASDAQ:APRN) in a research note issued to investors on Monday, July 24th, MarketBeat reports. The firm set an “outperform” rating and a $11.00 price target on the stock. Oppenheimer Holdings, Inc.’s price target suggests a potential upside of 88.68% from the stock’s current price. Oppenheimer Holdings also issued estimates for Blue Apron Holdings’ Q2 2017 earnings at ($0.45) EPS, Q3 2017 earnings at ($0.22) EPS, Q4 2017 earnings at ($0.08) EPS, FY2017 earnings at ($1.08) EPS and FY2018 earnings at ($0.47) EPS.

Other equities analysts also recently issued reports about the company. Needham & Company LLC initiated coverage on Blue Apron Holdings in a report on Monday, July 24th. They issued a “buy” rating and a $10.00 price target for the company. SunTrust Banks, Inc. initiated coverage on Blue Apron Holdings in a report on Monday, July 24th. They issued a “buy” rating and a $12.00 price target for the company. Stifel Nicolaus initiated coverage on Blue Apron Holdings in a report on Monday, July 24th. They issued a “buy” rating and a $10.00 price target for the company. Canaccord Genuity initiated coverage on Blue Apron Holdings in a report on Monday, July 24th. They issued a “buy” rating and a $14.00 price target for the company. Finally, Goldman Sachs Group, Inc. (The) initiated coverage on Blue Apron Holdings in a report on Monday, July 24th. They issued a “buy” rating and a $11.00 price target for the company. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating and nine have given a buy rating to the company’s stock. Blue Apron Holdings has a consensus rating of “Buy” and an average target price of $9.63.

Shares of Blue Apron Holdings (NASDAQ:APRN) traded down 6.27% during trading on Monday, hitting $5.83. 7,592,675 shares of the company traded hands. Blue Apron Holdings has a 52-week low of $5.70 and a 52-week high of $11.00. The stock’s market capitalization is $175.15 million.

TRADEMARK VIOLATION WARNING: “[[title]]” was originally posted by [[site]] and is owned by of [[site]]. If you are accessing this article on another publication, it was copied illegally and republished in violation of United States & international trademark & copyright laws. The legal version of this article can be read at [[permalink]].

Several large investors have recently bought and sold shares of APRN. Obermeyer Wood Investment Counsel Lllp purchased a new stake in Blue Apron Holdings during the second quarter valued at $110,000. Legal & General Group Plc purchased a new stake in Blue Apron Holdings during the second quarter valued at $187,000. DekaBank Deutsche Girozentrale purchased a new stake in Blue Apron Holdings during the second quarter valued at $220,000. SG Americas Securities LLC purchased a new stake in Blue Apron Holdings during the second quarter valued at $264,000. Finally, Russell Investments Group Ltd. purchased a new stake in Blue Apron Holdings during the second quarter valued at $464,000.

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.