Blue Apron Holdings Inc (NASDAQ:APRN) had its price objective cut by equities researchers at Canaccord Genuity from $14.00 to $11.00 in a note issued to investors on Friday, MarketBeat.com reports. The firm presently has a “buy” rating on the stock. Canaccord Genuity’s price objective would indicate a potential upside of 114.01% from the stock’s current price.

A number of other equities analysts also recently issued reports on the stock. SunTrust Banks, Inc. downgraded shares of Blue Apron Holdings from a “buy” rating to a “hold” rating and set a $12.00 price target for the company. in a research note on Friday. Royal Bank Of Canada upped their price objective on shares of Blue Apron Holdings from $8.00 to $10.00 and gave the stock an “outperform” rating in a report on Friday. Citigroup Inc. cut shares of Blue Apron Holdings from a “buy” rating to a “neutral” rating in a report on Friday. Goldman Sachs Group, Inc. (The) restated a “neutral” rating and issued a $11.00 price objective on shares of Blue Apron Holdings in a report on Thursday. Finally, CIBC started coverage on shares of Blue Apron Holdings in a report on Monday, July 24th. They issued an “outperform” rating and a $11.00 price objective on the stock. One equities research analyst has rated the stock with a sell rating, nine have issued a hold rating and five have given a buy rating to the company. The company presently has a consensus rating of “Hold” and an average price target of $9.04.

Shares of Blue Apron Holdings (NASDAQ:APRN) traded down 0.58% on Friday, reaching $5.11. The company had a trading volume of 2,565,633 shares. The company’s market capitalization is $153.52 million. The company’s 50-day moving average is $7.11 and its 200-day moving average is $7.11. Blue Apron Holdings has a one year low of $5.00 and a one year high of $11.00.

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

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Several large investors have recently bought and sold shares of APRN. JPMorgan Chase & Co. purchased a new stake in Blue Apron Holdings during the second quarter worth approximately $31,439,000. Victory Capital Management Inc. purchased a new stake in Blue Apron Holdings during the second quarter worth approximately $14,010,000. Laurion Capital Management LP purchased a new stake in Blue Apron Holdings during the second quarter worth approximately $10,274,000. Alliancebernstein L.P. purchased a new stake in Blue Apron Holdings during the second quarter worth approximately $4,670,000. Finally, LMR Partners LLP purchased a new stake in Blue Apron Holdings during the second quarter worth approximately $2,195,000.

About Blue Apron Holdings

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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