Blue Apron Holdings Inc (NYSE:APRN) Director Matthew B. Salzberg sold 17,862 shares of the business’s stock in a transaction on Thursday, December 6th. The stock was sold at an average price of $1.11, for a total value of $19,826.82. Following the completion of the transaction, the director now owns 71,251 shares of the company’s stock, valued at approximately $79,088.61. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink.
Blue Apron stock traded down $0.04 during mid-day trading on Friday, reaching $1.06. 2,662,135 shares of the stock traded hands, compared to its average volume of 1,880,496. The company has a current ratio of 1.65, a quick ratio of 1.38 and a debt-to-equity ratio of 0.60. Blue Apron Holdings Inc has a 12-month low of $1.02 and a 12-month high of $4.56.
Blue Apron (NYSE:APRN) last posted its quarterly earnings data on Tuesday, November 13th. The company reported ($0.18) EPS for the quarter, beating analysts’ consensus estimates of ($0.22) by $0.04. The company had revenue of $150.62 million during the quarter, compared to analysts’ expectations of $157.20 million. Blue Apron had a negative return on equity of 75.39% and a negative net margin of 19.25%. Blue Apron’s revenue for the quarter was down 28.5% compared to the same quarter last year. During the same quarter in the prior year, the business earned ($0.47) earnings per share. As a group, sell-side analysts forecast that Blue Apron Holdings Inc will post -0.68 earnings per share for the current fiscal year.
Several research analysts have recently weighed in on the company. Zacks Investment Research upgraded Blue Apron from a “hold” rating to a “buy” rating and set a $1.25 price target for the company in a research note on Friday, November 16th. Barclays decreased their price target on Blue Apron from $2.50 to $1.25 and set an “equal weight” rating for the company in a research note on Thursday, November 15th. Stifel Nicolaus decreased their price target on Blue Apron from $2.00 to $1.50 and set a “hold” rating for the company in a research note on Thursday, November 15th. Guggenheim cut Blue Apron from a “buy” rating to a “neutral” rating and set a $1.02 price target for the company. in a research note on Thursday, November 15th. Finally, Canaccord Genuity cut Blue Apron from a “buy” rating to a “hold” rating and decreased their price target for the stock from $6.00 to $3.00 in a research note on Wednesday, November 14th. Nine analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. The stock presently has a consensus rating of “Hold” and an average target price of $2.28.
Institutional investors have recently bought and sold shares of the stock. Northern Trust Corp increased its position in Blue Apron by 55.8% during the second quarter. Northern Trust Corp now owns 85,533 shares of the company’s stock valued at $287,000 after acquiring an additional 30,625 shares during the last quarter. SG Americas Securities LLC purchased a new stake in Blue Apron during the third quarter valued at $208,000. Raymond James Trust N.A. increased its position in Blue Apron by 216.9% during the third quarter. Raymond James Trust N.A. now owns 150,451 shares of the company’s stock valued at $259,000 after acquiring an additional 102,982 shares during the last quarter. Blair William & Co. IL increased its position in Blue Apron by 7.7% during the third quarter. Blair William & Co. IL now owns 1,162,095 shares of the company’s stock valued at $1,999,000 after acquiring an additional 82,900 shares during the last quarter. Finally, Baillie Gifford & Co. purchased a new stake in Blue Apron during the third quarter valued at $2,259,000. Institutional investors own 10.72% of the company’s stock.
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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