Blue Apron Holdings Inc (NASDAQ:APRN) - Investment analysts at Oppenheimer Holdings issued their Q3 2017 EPS estimates for shares of Blue Apron Holdings in a research note issued to investors on Monday. Oppenheimer Holdings analyst R. Parikh expects that the company will earn ($0.45) per share for the quarter. Oppenheimer Holdings has a “Market Perform” rating on the stock. Oppenheimer Holdings also issued estimates for Blue Apron Holdings’ Q4 2017 earnings at ($0.22) EPS, FY2017 earnings at ($1.66) EPS, Q1 2018 earnings at ($0.19) EPS, Q2 2018 earnings at ($0.13) EPS, Q3 2018 earnings at ($0.17) EPS, Q4 2018 earnings at ($0.13) EPS and FY2018 earnings at ($0.61) EPS.
APRN has been the subject of several other reports. Citigroup Inc. cut shares of Blue Apron Holdings from a “buy” rating to a “neutral” rating and decreased their price objective for the stock from $10.00 to $5.50 in a research report on Friday, August 11th. CIBC assumed coverage on shares of Blue Apron Holdings in a research report on Monday, July 24th. They set an “outperform” rating and a $11.00 price objective for the company. Northcoast Research assumed coverage on shares of Blue Apron Holdings in a research report on Tuesday, July 11th. They set a “sell” rating and a $2.00 price objective for the company. Goldman Sachs Group, Inc. (The) assumed coverage on shares of Blue Apron Holdings in a research report on Monday, July 24th. They set a “buy” rating and a $11.00 price objective for the company. Finally, Royal Bank of Canada increased their price objective on shares of Blue Apron Holdings from $8.00 to $10.00 and gave the stock an “outperform” rating in a research report on Friday, August 11th. One research analyst has rated the stock with a sell rating, eleven have issued a hold rating and three have given a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and a consensus target price of $7.67.
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Blue Apron Holdings (APRN) opened at 5.48 on Wednesday. Blue Apron Holdings has a 1-year low of $5.00 and a 1-year high of $11.00. The firm’s market cap is $164.64 million. The company has a 50 day moving average price of $6.37 and a 200 day moving average price of $6.68.
Blue Apron Holdings (NASDAQ:APRN) last released its quarterly earnings results on Thursday, August 10th. The company reported ($0.47) EPS for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.26) by $0.21. The company had revenue of $238.10 million during the quarter, compared to analyst estimates of $235.78 million. The business’s revenue was up 17.9% on a year-over-year basis.
Large investors have recently bought and sold shares of the company. Obermeyer Wood Investment Counsel Lllp bought a new stake in Blue Apron Holdings during the second quarter worth approximately $110,000. Royal Bank of Canada bought a new stake in Blue Apron Holdings during the second quarter worth approximately $141,000. Legal & General Group Plc bought a new stake in Blue Apron Holdings during the second quarter worth approximately $187,000. DekaBank Deutsche Girozentrale bought a new stake in Blue Apron Holdings during the second quarter worth approximately $220,000. Finally, SG Americas Securities LLC bought a new stake in Blue Apron Holdings during the second quarter worth approximately $264,000.
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.
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