Shares of Blue Apron Holdings Inc (NASDAQ:APRN) saw unusually-strong trading volume on Thursday . Approximately 4,656,011 shares traded hands during trading, an increase of 2% from the previous session’s volume of 4,580,240 shares.The stock last traded at $5.63 and had previously closed at $5.39.

Several equities research analysts have recently issued reports on APRN shares. Goldman Sachs Group, Inc. (The) started coverage on shares of Blue Apron Holdings in a research report on Monday, July 24th. They set a “buy” rating and a $11.00 price objective for the company. Zacks Investment Research downgraded shares of Blue Apron Holdings from a “hold” rating to a “sell” rating in a research report on Tuesday. Citigroup Inc. started coverage on shares of Blue Apron Holdings in a research report on Tuesday, July 25th. They set a “buy” rating and a $10.00 price objective for the company. Northcoast Research started coverage on shares of Blue Apron Holdings in a research report on Tuesday, July 11th. They set a “sell” rating and a $2.00 price objective for the company. Finally, Royal Bank Of Canada reissued an “outperform” rating and set a $8.00 price objective (down previously from $10.00) on shares of Blue Apron Holdings in a research report on Tuesday, August 8th. Two equities research analysts have rated the stock with a sell rating, eleven have given a hold rating and three have given a buy rating to the company. The stock presently has a consensus rating of “Hold” and a consensus target price of $7.67.

The firm’s market capitalization is $182.06 million. The firm’s 50-day moving average price is $5.59 and its 200-day moving average price is $6.33.

Blue Apron Holdings (NASDAQ:APRN) last announced its quarterly earnings results on Thursday, August 10th. The company reported ($0.47) EPS for the quarter, missing the Zacks’ consensus estimate of ($0.26) by ($0.21). The business had revenue of $238.10 million for the quarter, compared to analyst estimates of $235.78 million. Blue Apron Holdings’s revenue for the quarter was up 17.9% on a year-over-year basis. On average, analysts forecast that Blue Apron Holdings Inc will post ($1.60) EPS for the current year.

A number of hedge funds have recently made changes to their positions in APRN. Russell Investments Group Ltd. bought a new stake in Blue Apron Holdings during the 2nd quarter valued at $464,000. DekaBank Deutsche Girozentrale bought a new stake in Blue Apron Holdings during the 2nd quarter valued at $220,000. Obermeyer Wood Investment Counsel Lllp bought a new stake in Blue Apron Holdings during the 2nd quarter valued at $110,000. LMR Partners LLP bought a new stake in Blue Apron Holdings during the 2nd quarter valued at $2,195,000. Finally, SG Americas Securities LLC bought a new stake in Blue Apron Holdings during the 2nd quarter valued at $264,000.

TRADEMARK VIOLATION NOTICE: “Blue Apron Holdings Inc (APRN) Sees Large Volume Increase” was reported by Daily Political and is owned by of Daily Political. If you are reading this piece on another domain, it was illegally stolen and reposted in violation of United States and international copyright legislation. The original version of this piece can be accessed at https://www.dailypolitical.com/2017/09/16/blue-apron-holdings-inc-aprn-sees-large-volume-increase.html.

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.

Receive News & Ratings for Blue Apron Holdings Inc Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Blue Apron Holdings Inc and related companies with MarketBeat.com's FREE daily email newsletter.