Blue Apron Holdings Inc (NASDAQ:APRN)‘s stock had its “neutral” rating restated by research analysts at Goldman Sachs Group, Inc. (The) in a research note issued on Thursday, Marketbeat reports. They presently have a $11.00 target price on the stock. Goldman Sachs Group, Inc. (The)’s price objective indicates a potential upside of 114.01% from the company’s current price.

Several other brokerages have also recently commented on APRN. UBS AG initiated coverage on shares of Blue Apron Holdings in a research report on Monday, July 24th. They set a “market perform” rating for the company. Morgan Stanley initiated coverage on shares of Blue Apron Holdings in a research report on Monday, July 24th. They set an “equal weight” rating and a $7.50 target price for the company. SunTrust Banks, Inc. initiated coverage on shares of Blue Apron Holdings in a research report on Monday, July 24th. They set a “buy” rating and a $12.00 target price for the company. Raymond James Financial, Inc. initiated coverage on shares of Blue Apron Holdings in a research report on Monday, July 24th. They set a “market perform” rating for the company. Finally, William Blair initiated coverage on shares of Blue Apron Holdings in a research report on Monday, July 24th. They set a “market perform” rating for the company. One research analyst has rated the stock with a sell rating, six have assigned a hold rating and eight have issued a buy rating to the stock. The stock presently has an average rating of “Hold” and a consensus target price of $9.63.

Shares of Blue Apron Holdings (NASDAQ:APRN) traded down 17.63% during trading on Thursday, hitting $5.14. The company had a trading volume of 16,587,014 shares. The stock’s market cap is $154.42 million. Blue Apron Holdings has a 12-month low of $5.03 and a 12-month high of $11.00. The firm has a 50 day moving average of $7.18 and a 200 day moving average of $7.18.

Blue Apron Holdings (NASDAQ:APRN) last issued its earnings results on Thursday, August 10th. The company reported ($0.47) EPS for the quarter, missing the consensus estimate of ($0.26) by $0.21. The business had revenue of $238.10 million for the quarter, compared to the consensus estimate of $235.78 million. Blue Apron Holdings’s revenue was up 17.9% on a year-over-year basis. On average, analysts forecast that Blue Apron Holdings will post ($1.05) earnings per share for the current fiscal year.

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Several hedge funds have recently added to or reduced their stakes in the stock. Oak Ridge Investments LLC purchased a new stake in Blue Apron Holdings during the second quarter worth approximately $934,000. Alliancebernstein L.P. purchased a new stake in Blue Apron Holdings during the second quarter worth approximately $4,670,000. Wells Fargo & Company MN purchased a new stake in Blue Apron Holdings during the second quarter worth approximately $627,000. JPMorgan Chase & Co. purchased a new stake in Blue Apron Holdings during the second quarter worth approximately $31,439,000. Finally, Victory Capital Management Inc. purchased a new stake in Blue Apron Holdings during the second quarter worth approximately $14,010,000.

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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