Blue Apron Holdings Inc (NYSE:APRN) – KeyCorp issued their Q1 2020 earnings per share estimates for Blue Apron in a research note issued on Thursday, January 31st. KeyCorp analyst E. Yruma expects that the company will earn ($0.05) per share for the quarter. KeyCorp also issued estimates for Blue Apron’s Q2 2020 earnings at ($0.10) EPS, Q3 2020 earnings at ($0.10) EPS and Q4 2020 earnings at ($0.06) EPS.

Blue Apron (NYSE:APRN) last announced its earnings results on Wednesday, January 30th. The company reported ($0.12) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.17) by $0.05. The business had revenue of $140.73 million for the quarter, compared to analysts’ expectations of $137.81 million. Blue Apron had a negative return on equity of 72.42% and a negative net margin of 18.30%. The business’s revenue for the quarter was down 25.0% on a year-over-year basis. During the same period last year, the firm posted ($0.20) earnings per share.

Several other research analysts have also recently issued reports on APRN. ValuEngine raised Blue Apron from a “hold” rating to a “buy” rating in a research report on Friday, October 12th. Canaccord Genuity cut Blue Apron from a “buy” rating to a “hold” rating and dropped their target price for the stock from $6.00 to $3.00 in a research report on Wednesday, November 14th. Guggenheim cut Blue Apron from a “buy” rating to a “neutral” rating and set a $1.02 target price on the stock. in a research report on Thursday, November 15th. Stifel Nicolaus dropped their target price on Blue Apron from $2.00 to $1.50 and set a “hold” rating on the stock in a research report on Thursday, November 15th. Finally, Barclays dropped their target price on Blue Apron from $2.50 to $1.25 and set an “equal weight” rating on the stock in a research report on Thursday, November 15th. Ten analysts have rated the stock with a hold rating and one has issued a buy rating to the company’s stock. Blue Apron presently has an average rating of “Hold” and a consensus price target of $1.91.

Shares of NYSE:APRN opened at $1.37 on Monday. The stock has a market capitalization of $265.43 million, a price-to-earnings ratio of -2.17 and a beta of 1.17. The company has a debt-to-equity ratio of 0.60, a quick ratio of 1.38 and a current ratio of 1.65. Blue Apron has a 52-week low of $0.65 and a 52-week high of $4.20.

In other news, insider Ilia M. Papas sold 133,333 shares of the firm’s stock in a transaction dated Wednesday, November 7th. The stock was sold at an average price of $1.24, for a total value of $165,332.92. Following the transaction, the insider now owns 194,976 shares of the company’s stock, valued at $241,770.24. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Lainie Cooney sold 31,979 shares of the firm’s stock in a transaction dated Wednesday, November 28th. The stock was sold at an average price of $1.07, for a total value of $34,217.53. The disclosure for this sale can be found here. Insiders sold 500,646 shares of company stock worth $541,086 in the last ninety days. Corporate insiders own 56.24% of the company’s stock.

Hedge funds and other institutional investors have recently bought and sold shares of the company. Virtu Financial LLC raised its stake in Blue Apron by 890.8% during the 4th quarter. Virtu Financial LLC now owns 101,838 shares of the company’s stock valued at $104,000 after purchasing an additional 91,560 shares during the period. SG Americas Securities LLC bought a new stake in Blue Apron during the 3rd quarter valued at approximately $208,000. Raymond James Trust N.A. raised its stake in Blue Apron by 216.9% during the 3rd quarter. Raymond James Trust N.A. now owns 150,451 shares of the company’s stock valued at $259,000 after purchasing an additional 102,982 shares during the period. Northern Trust Corp raised its stake in Blue Apron by 55.8% during the 2nd quarter. Northern Trust Corp now owns 85,533 shares of the company’s stock valued at $287,000 after purchasing an additional 30,625 shares during the period. Finally, Blair William & Co. IL raised its stake in Blue Apron by 7.7% during the 3rd quarter. Blair William & Co. IL now owns 1,162,095 shares of the company’s stock valued at $1,999,000 after purchasing an additional 82,900 shares during the period. 10.75% of the stock is currently owned by hedge funds and other institutional investors.

About Blue Apron

Blue Apron Holdings, Inc operates an e-commerce marketplace that delivers original recipes and fresh ingredients for making home cooking accessible. It provides original recipes with the pre-portioned ingredients to complement tastes and lifestyles of college graduates, young couples, families, singles, and empty nesters.

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Earnings History and Estimates for Blue Apron (NYSE:APRN)

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