Shares of Blue Apron Holdings Inc (NASDAQ:APRN) have received an average recommendation of “Hold” from the fifteen research firms that are covering the firm, MarketBeat reports. One analyst has rated the stock with a sell recommendation, eleven have issued a hold recommendation and three have given a buy recommendation to the company. The average 12 month price target among brokers that have issued ratings on the stock in the last year is $7.00.

Several equities research analysts have weighed in on APRN shares. Barclays PLC cut their price target on Blue Apron Holdings from $7.00 to $5.00 and set an “equal weight” rating on the stock in a report on Friday, August 11th. Oppenheimer Holdings, Inc. restated a “market perform” rating on shares of Blue Apron Holdings in a report on Monday. Stifel Nicolaus restated a “buy” rating and set a $8.00 price target (down previously from $10.00) on shares of Blue Apron Holdings in a report on Friday, August 11th. UBS AG started coverage on Blue Apron Holdings in a report on Monday, July 24th. They set a “market perform” rating on the stock. Finally, Morgan Stanley started coverage on Blue Apron Holdings in a report on Monday, July 24th. They set an “equal weight” rating and a $7.50 price target on the stock.

Blue Apron Holdings (NASDAQ APRN) traded down 1.32% during trading on Friday, reaching $5.24. The company’s stock had a trading volume of 1,700,252 shares. The stock has a 50 day moving average price of $6.73 and a 200 day moving average price of $6.82. Blue Apron Holdings has a 1-year low of $5.00 and a 1-year high of $11.00. The stock’s market capitalization is $157.43 million.

Blue Apron Holdings (NASDAQ:APRN) last issued its quarterly earnings results on Thursday, August 10th. The company reported ($0.47) earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.26) by $0.21. The business had revenue of $238.10 million during the quarter, compared to the consensus estimate of $235.78 million. The company’s quarterly revenue was up 17.9% on a year-over-year basis. Analysts anticipate that Blue Apron Holdings will post ($1.55) earnings per share for the current fiscal year.

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Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Vanguard Group Inc. acquired a new position in Blue Apron Holdings during the second quarter worth approximately $4,892,000. Laurion Capital Management LP acquired a new position in Blue Apron Holdings during the second quarter worth approximately $10,274,000. Oak Ridge Investments LLC acquired a new position in Blue Apron Holdings during the second quarter worth approximately $934,000. Alliancebernstein L.P. acquired a new position in Blue Apron Holdings during the second quarter worth approximately $4,670,000. Finally, Wells Fargo & Company MN acquired a new position in Blue Apron Holdings during the second quarter worth approximately $627,000.

Blue Apron Holdings 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.

Analyst Recommendations for Blue Apron Holdings (NASDAQ:APRN)

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