Blue Apron Holdings Inc (NYSE:APRN) CTO Ilia M. Papas sold 133,333 shares of the business’s stock in a transaction that occurred on Tuesday, March 6th. The shares were sold at an average price of $2.60, for a total value of $346,665.80. Following the completion of the sale, the chief technology officer now owns 140,833 shares of the company’s stock, valued at approximately $366,165.80. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website.
Blue Apron Holdings Inc (NYSE APRN) traded up $0.01 during trading on Wednesday, reaching $2.16. The company’s stock had a trading volume of 3,352,830 shares, compared to its average volume of 3,469,366. The company has a debt-to-equity ratio of 0.56, a quick ratio of 2.66 and a current ratio of 3.12. The stock has a market capitalization of $405.74 and a price-to-earnings ratio of -1.93. Blue Apron Holdings Inc has a one year low of $2.00 and a one year high of $11.00.
Blue Apron (NYSE:APRN) last posted its earnings results on Tuesday, February 13th. The company reported ($0.20) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.27) by $0.07. Blue Apron had a negative return on equity of 787.55% and a negative net margin of 23.85%. The company had revenue of $187.70 million during the quarter, compared to analyst estimates of $186.13 million. During the same quarter in the prior year, the business earned ($0.39) earnings per share. Blue Apron’s revenue was down 13.1% on a year-over-year basis. research analysts anticipate that Blue Apron Holdings Inc will post -0.72 earnings per share for the current year.
A number of brokerages recently issued reports on APRN. Royal Bank of Canada reiterated a “hold” rating and issued a $4.00 price target on shares of Blue Apron in a report on Wednesday, February 14th. Stifel Nicolaus reiterated a “hold” rating and issued a $4.00 price target (down previously from $6.00) on shares of Blue Apron in a report on Wednesday, February 14th. Barclays upgraded Blue Apron from an “underweight” rating to an “equal weight” rating and boosted their price target for the company from $3.00 to $4.00 in a report on Monday, December 4th. KeyCorp began coverage on Blue Apron in a report on Monday, November 20th. They issued a “sector weight” rating for the company. Finally, Zacks Investment Research upgraded Blue Apron from a “sell” rating to a “hold” rating in a report on Thursday, February 15th. Fifteen investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. Blue Apron currently has an average rating of “Hold” and a consensus price target of $6.70.
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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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