Analysts Set Blue Apron Holdings Inc (APRN) PT at $9.45

Blue Apron Holdings Inc (NASDAQ:APRN) has been given an average rating of “Hold” by the fifteen ratings firms that are currently covering the company, Marketbeat Ratings reports. One investment analyst has rated the stock with a sell rating, six have issued a hold rating and eight have assigned a buy rating to the company. The average 1 year target price among analysts that have covered the stock in the last year is $9.63.

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APRN has been the subject of a number of analyst reports. Northcoast Research initiated coverage on shares of Blue Apron Holdings in a report on Tuesday, July 11th. They issued a “sell” rating and a $2.00 price target for the company. Oppenheimer Holdings, Inc. initiated coverage on shares of Blue Apron Holdings in a report on Monday, July 24th. They issued an “outperform” rating and a $11.00 price target for the company. Canaccord Genuity initiated coverage on shares of Blue Apron Holdings in a report on Monday, July 24th. They issued a “buy” rating and a $14.00 price target for the company. Citigroup Inc. started coverage on shares of Blue Apron Holdings in a report on Tuesday, July 25th. They issued a “buy” rating and a $10.00 price target for the company. Finally, CIBC started coverage on shares of Blue Apron Holdings in a research note on Monday, July 24th. They issued an “outperform” rating and a $11.00 price objective for the company.

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Blue Apron Holdings (APRN) opened at 5.14 on Monday. Blue Apron Holdings has a one year low of $5.03 and a one year high of $11.00. The company’s 50-day moving average price is $7.11 and its 200-day moving average price is $7.11. The stock’s market cap is $154.42 million.

Blue Apron Holdings (NASDAQ:APRN) last announced its quarterly earnings results on Thursday, August 10th. The company reported ($0.47) EPS for the quarter, missing the Zacks’ consensus estimate of ($0.26) by $0.21. The company had revenue of $238.10 million for the quarter, compared to analysts’ expectations of $235.78 million. The firm’s quarterly revenue was up 17.9% on a year-over-year basis. Analysts forecast that Blue Apron Holdings will post ($1.05) EPS for the current fiscal year.

Several institutional investors have recently modified their holdings of APRN. Obermeyer Wood Investment Counsel Lllp bought a new position in shares of Blue Apron Holdings during the second quarter worth approximately $110,000. Legal & General Group Plc bought a new position in shares of Blue Apron Holdings during the second quarter worth approximately $187,000. DekaBank Deutsche Girozentrale bought a new position in shares of Blue Apron Holdings during the second quarter worth approximately $220,000. SG Americas Securities LLC bought a new position in shares of Blue Apron Holdings during the second quarter worth approximately $264,000. Finally, Russell Investments Group Ltd. bought a new position in shares of Blue Apron Holdings during the second quarter worth approximately $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.