In yesterday’s Wall Street session, Blue Apron Holdings Inc. (NYSE:APRN) shares traded at $1.08, up 3.85% from the previous session.
As of this writing, 3 analysts cover Blue Apron Holdings Inc. (NYSE:APRN). The consensus rating among analysts is ‘Overweight’. As we calculate the median target price by taking the range between a high of $7.00 and a low of $4.00, we find $5.00. Given the previous closing price of $1.04, this indicates a potential upside of 380.77 percent. APRN stock price is now -62.62% away from the 50-day moving average and -72.32% away from the 200-day moving average. The market capitalization of the company currently stands at $41.56M.
There are 1 analysts who have given it a hold rating, whereas 2 have given it a buy rating. Brokers who have rated the stock have averaged $5.33 as their price target over the next twelve months.
With the price target of $9, Lake Street recently initiated with Buy rating for Blue Apron Holdings Inc. (NYSE: APRN). On July 21, 2022, The Benchmark Company recently initiated its ‘Buy’ rating on the stock quoting a target price of $10, while ‘Canaccord Genuity’ rates the stock as ‘Buy’.
In other news, Greben Randy J, CFO & Treasurer sold 1,426 shares of the company’s stock on Aug 26. The stock was sold for $8,514 at an average price of $5.97. Upon completion of the transaction, the CFO & Treasurer now directly owns 13,611 shares in the company, valued at $14699.88. An SEC document containing details of the transaction can be found on the SEC’s website. On Aug 26, Chief People Officer Leitgeb Terri sold 758 shares of the business’s stock. A total of $4,526 was realized by selling the stock at an average price of $5.97. This leaves the insider owning 9,651 shares of the company worth $10423.08. Insiders disposed of 279,566 shares of company stock worth roughly $0.3 million over the past 1 year. A total of 1.70% of the company’s stock is owned by insiders.
There have been several recent changes in the stakes of large investors in APRN stock. A new stake in Blue Apron Holdings Inc. shares was purchased by EAM INVESTORS, LLC during the first quarter worth $208,000. BANK OF MONTREAL /CAN/ invested $201,000 in shares of APRN during the first quarter. In the first quarter, NATIONAL BANK OF CANADA /FI/ acquired a new stake in Blue Apron Holdings Inc. valued at approximately $135,000. SUSQUEHANNA FUNDAMENTAL INVESTMENTS, LLC acquired a new stake in APRN for approximately $132,000. RAYMOND JAMES & ASSOCIATES purchased a new stake in APRN valued at around $101,000 in the second quarter. In total, there are 79 active investors with 13.90% ownership of the company’s stock.
Wednesday morning saw Blue Apron Holdings Inc. (NYSE: APRN) opened at $1.0600. During the past 12 months, Blue Apron Holdings Inc. has had a low of $1.04 and a high of $12.76. As of last week, the company has a debt-to-equity ratio of 0.97, a current ratio of 1.00, and a quick ratio of 0.60. The fifty day moving average price for APRN is $2.7888 and a two-hundred day moving average price translates $3.8677 for the stock.
The latest earnings results from Blue Apron Holdings Inc. (NYSE: APRN) was released for Jun, 2022. According to the Internet Retail Company, earnings per share came in at -$0.62, missing analysts’ expectations of -$0.55 by -0.07. This compares to -$1.17 EPS in the same period last year. The net profit margin was -24.80% and return on equity was -213.10% for APRN. The company reported revenue of $109.67 million for the quarter, compared to $109.65 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 0.01 percent. For the current quarter, analysts expect APRN to generate $118.87M in revenue.
Blue Apron Holdings Inc.(APRN) Company Profile
Blue Apron Holdings, Inc. operates a direct-to-consumer platform that delivers original recipes with fresh and seasonal ingredients. It also operates Blue Apron Market, an e-commerce market that provides cooking tools, utensils, pantry items, and other products. In addition, the company offers Blue Apron Wine, a direct-to-consumer wine delivery service that sells wines, which can be paired with its meals. It serves young couples, families, singles, and empty nesters. The company offers its services through order selections on Website or mobile application primarily in the United States. Blue Apron Holdings, Inc. was founded in 2012 and is headquartered in New York, New York.