Somewhat Positive Press Coverage Somewhat Unlikely to Impact Blue Apron (APRN) Share Price
News coverage about Blue Apron (NYSE:APRN) has trended somewhat positive on Tuesday, Accern Sentiment reports. The research firm identifies negative and positive news coverage by monitoring more than twenty million news and blog sources in real time. Accern ranks coverage of companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Blue Apron earned a media sentiment score of 0.06 on Accern’s scale. Accern also gave media headlines about the company an impact score of 44.9088540776901 out of 100, meaning that recent news coverage is somewhat unlikely to have an effect on the company’s share price in the near future.
These are some of the media headlines that may have effected Accern Sentiment’s analysis:
- Stitch Fix earnings: Post-IPO report a chance to avoid Blue Apron comparisons – MarketWatch (marketwatch.com)
- Blue Apron Holdings, Inc.’s (APRN) Lock-Up Period Set To End on December 26th (americanbankingnews.com)
- 3 Big Opportunities for a Blue Apron Holdings Turnaround in 2018 (finance.yahoo.com)
- Blue Apron Holdings Inc (APRN) President, CEO,CFO & Treasurer Brad Dickerson Bought $707400 of Shares – GuruFocus.com (gurufocus.com)
- Blue Apron Holdings, Inc. (APRN) Conquer Concerns on Short-Term Commitments – Stock News Stop (stockmarketstop.com)
A number of equities analysts recently issued reports on APRN shares. Canaccord Genuity reissued a “buy” rating and set a $11.00 price target on shares of Blue Apron in a report on Thursday, September 14th. Guggenheim initiated coverage on Blue Apron in a report on Monday, September 25th. They set a “buy” rating and a $9.00 price target on the stock. Needham & Company LLC restated a “buy” rating and issued a $5.00 price objective (down previously from $6.50) on shares of Blue Apron in a research report on Friday, November 3rd. Barclays upgraded shares of Blue Apron from an “underweight” rating to an “equal weight” rating and raised their price objective for the company from $3.00 to $4.00 in a research report on Monday, December 4th. Finally, Zacks Investment Research upgraded shares of Blue Apron from a “sell” rating to a “hold” rating in a research report on Monday, September 25th. One analyst has rated the stock with a sell rating, fourteen have assigned a hold rating and three have assigned a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and a consensus price target of $7.04.
Blue Apron (NYSE:APRN) last announced its quarterly earnings data 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 for the quarter, compared to analysts’ expectations of $191.47 million. The firm’s revenue for the quarter was up 2.5% compared to the same quarter last year. During the same period in the prior year, the firm posted ($0.56) EPS. sell-side analysts anticipate that Blue Apron will post -1.66 earnings per share for the current fiscal year.
In related news, SVP Timothy J. Smith purchased 25,000 shares of Blue Apron stock in a transaction dated Monday, December 11th. The stock was bought at an average cost of $3.89 per share, for a total transaction of $97,250.00. Following the transaction, the senior vice president now owns 28,386 shares in the company, valued at $110,421.54. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, major shareholder First Round Capital Iv, L.P. sold 77,647 shares of Blue Apron stock in a transaction that occurred on Thursday, November 9th. The shares were sold at an average price of $3.13, for a total transaction of $243,035.11. The disclosure for this sale can be found here. Over the last quarter, insiders have bought 245,000 shares of company stock valued at $959,450 and have sold 2,010,459 shares valued at $6,446,924.
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About Blue Apron
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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