News headlines about Blue Apron (NYSE:APRN) have been trending somewhat positive recently, according to Accern Sentiment Analysis. Accern scores the sentiment of news coverage by reviewing more than 20 million news and blog sources in real time. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Blue Apron earned a news sentiment score of 0.09 on Accern’s scale. Accern also gave headlines about the company an impact score of 45.3340280986263 out of 100, indicating that recent news coverage is somewhat unlikely to have an effect on the company’s share price in the next few days.
Here are some of the headlines that may have impacted Accern’s rankings:
- Dropbox files confidential IPO document: report (marketwatch.com)
- A Crazy Option Trade Shows the Danger in Blue Apron Stock (investorplace.com)
- Why Blue Apron Holdings, Inc. Leapt 35% in December (finance.yahoo.com)
- Blue Apron Holdings, Inc. (NYSE:APRN) – What Do Analysts’ Recommend? – Nasdaq Journal (press release) (nasdaqjournal.com)
Several analysts have commented on the company. Zacks Investment Research downgraded Blue Apron from a “hold” rating to a “sell” rating in a research note on Wednesday, January 3rd. KeyCorp reiterated a “hold” rating on shares of Blue Apron in a research note on Friday, December 1st. Barclays upgraded Blue Apron from an “underweight” rating to an “equal weight” rating and increased their target price for the company from $3.00 to $4.00 in a research note on Monday, December 4th. Royal Bank of Canada downgraded Blue Apron from an “outperform” rating to a “sector perform” rating and cut their target price for the company from $6.00 to $4.00 in a research note on Friday, December 1st. Finally, Needham & Company LLC reiterated a “buy” rating and set a $5.00 target price (down from $6.50) on shares of Blue Apron in a research note on Friday, November 3rd. Two analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and three have given a buy rating to the company. The company currently has a consensus rating of “Hold” and an average price target of $7.04.
Blue Apron (NYSE:APRN) last announced its earnings results on Thursday, November 2nd. The company reported ($0.47) EPS for the quarter, missing the Zacks’ consensus estimate of ($0.43) by ($0.04). The company had revenue of $210.60 million during the quarter, compared to the consensus estimate of $191.47 million. During the same quarter in the prior year, the company posted ($0.56) earnings per share. The business’s revenue for the quarter was up 2.5% compared to the same quarter last year. sell-side analysts predict that Blue Apron will post -1.71 earnings per share for the current fiscal year.
In related news, CEO Brad Dickerson bought 180,000 shares of the firm’s stock in a transaction that occurred on Wednesday, December 13th. The shares were bought at an average cost of $3.93 per share, with a total value of $707,400.00. Following the acquisition, the chief executive officer now owns 40,000 shares in the company, valued at $157,200. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, major shareholder First Round Capital Iv Partner sold 65,728 shares of the stock in a transaction on Wednesday, November 22nd. The stock was sold at an average price of $3.03, for a total value of $199,155.84. The disclosure for this sale can be found here. Over the last ninety days, insiders purchased 245,000 shares of company stock worth $959,450 and sold 2,010,459 shares worth $6,446,924.
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Blue Apron 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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