Blue Apron Holdings Inc (NASDAQ:APRN)‘s stock had its “buy” rating reissued by investment analysts at Stifel Nicolaus in a note issued to investors on Friday. They currently have a $8.00 price objective on the stock, down from their previous price objective of $10.00. Stifel Nicolaus’ price target would suggest a potential upside of 55.64% from the company’s previous close.

Several other brokerages have also recently weighed in on APRN. CIBC assumed coverage on Blue Apron Holdings in a research note on Monday, July 24th. They issued an “outperform” rating and a $11.00 price target for the company. Citigroup Inc. assumed coverage on Blue Apron Holdings in a research note on Tuesday, July 25th. They issued a “buy” rating and a $10.00 price target for the company. Needham & Company LLC assumed coverage on Blue Apron Holdings in a research note on Monday, July 24th. They issued a “buy” rating and a $10.00 price target for the company. SunTrust Banks, Inc. assumed coverage on Blue Apron Holdings in a research note on Monday, July 24th. They issued a “buy” rating and a $12.00 price target for the company. Finally, William Blair assumed coverage on Blue Apron Holdings in a research note on Monday, July 24th. They issued a “market perform” rating for the company. One investment analyst has rated the stock with a sell rating, nine have given a hold rating and five have assigned a buy rating to the company. Blue Apron Holdings presently has a consensus rating of “Hold” and an average price target of $9.04.

Blue Apron Holdings (NASDAQ APRN) traded down 1.6907% during trading on Friday, hitting $5.0531. The stock had a trading volume of 2,035,935 shares. The company has a 50-day moving average of $7.11 and a 200 day moving average of $7.11. The company’s market cap is $151.81 million. Blue Apron Holdings has a 52 week low of $5.00 and a 52 week high of $11.00.

Blue Apron Holdings (NASDAQ:APRN) last issued its quarterly earnings results on Thursday, August 10th. The company reported ($0.47) earnings per share for the quarter, missing the consensus estimate of ($0.26) by $0.21. The firm had revenue of $238.10 million during the quarter, compared to the consensus estimate of $235.78 million. The firm’s revenue was up 17.9% on a year-over-year basis. On average, equities research analysts anticipate that Blue Apron Holdings will post ($1.27) EPS for the current year.

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A number of large investors have recently added to or reduced their stakes in APRN. Obermeyer Wood Investment Counsel Lllp acquired a new stake in Blue Apron Holdings during the second quarter valued at approximately $110,000. Legal & General Group Plc acquired a new stake in Blue Apron Holdings during the second quarter valued at approximately $187,000. DekaBank Deutsche Girozentrale acquired a new stake in Blue Apron Holdings during the second quarter valued at approximately $220,000. SG Americas Securities LLC acquired a new stake in Blue Apron Holdings during the second quarter valued at approximately $264,000. Finally, Russell Investments Group Ltd. acquired a new stake in Blue Apron Holdings during the second quarter valued at approximately $464,000.

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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