Blue Apron Holdings Inc (NASDAQ:APRN) shares traded 134.52% higher at $12.88 on Wall Street last session.
APRN stock price is now 98.55% away from the 50-day moving average and 59.19% away from the 200-day moving average. The market capitalization of the company currently stands at $82.27M.
With the price target of $9, Lake Street recently initiated with Buy rating for Blue Apron Holdings Inc (NASDAQ: APRN).
In other news, Findley Linda, President and CEO sold 857 shares of the company’s stock on Aug 28. The stock was sold for $6,258 at an average price of $7.30. Upon completion of the transaction, the President and CEO now directly owns 22,167 shares in the company, valued at $0.29 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Aug 28, General Counsel & Corp. Sec’y Deutsch Meredith L sold 357 shares of the business’s stock. A total of $2,606 was realized by selling the stock at an average price of $7.30. This leaves the insider owning 4,245 shares of the company worth $54675.6. Insiders disposed of 23,002 shares of company stock worth roughly $0.3 million over the past 1 year. A total of 19.03% 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 HRT FINANCIAL LP during the first quarter worth $1,568,000. MANATUCK HILL PARTNERS, LLC invested $1,159,000 in shares of APRN during the first quarter. In the first quarter, DIMENSIONAL FUND ADVISORS LP acquired a new stake in Blue Apron Holdings Inc valued at approximately $204,000. UBS GROUP AG acquired a new stake in APRN for approximately $7,000. In total, there are 55 active investors with 27.22% ownership of the company’s stock.
Blue Apron Holdings Inc (NASDAQ: APRN) opened at $12.86 on Friday. During the past 12 months, Blue Apron Holdings Inc has had a low of $4.70 and a high of $74.16. The fifty day moving average price for APRN is $6.64 and a two-hundred day moving average price translates $8.11 for the stock.
The latest earnings results from Blue Apron Holdings Inc (NASDAQ: APRN) was released for Jun, 2023. According to the Internet Retail Company, earnings per share came in at -$9.52, missing analysts’ expectations of -$3.24 by -6.28. This compares to -$8.21 EPS in the same period last year. The net profit margin was -29.03% and return on equity was -698.93% for APRN. The company reported revenue of $106.23 million for the quarter, compared to $124.24 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue fell -14.49 percent. For the current quarter, analysts expect APRN to generate $97.57M 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. The company also operates Blue Apron Market, an e-commerce market that provides cooking tools, utensils, pantry items, and other products. In addition, it offers Blue Apron Wine, a direct-to-consumer wine delivery service that sells wines, which can be paired with its meals. The company serves young couples, families, singles, and empty nesters. It offers its services through order selections on Website or mobile application primarily in the United States. The company was founded in 2012 and is headquartered in New York, New York.
