Blue Apron Holdings Inc (NASDAQ:APRN) shares gapped up before the market opened on Monday . The stock had previously closed at $6.33, but opened at $6.06. Blue Apron Holdings shares last traded at $5.71, with a volume of 2,047,743 shares changing hands.

Several research analysts recently issued reports on the company. CIBC assumed coverage on Blue Apron Holdings in a research report on Monday, July 24th. They set an “outperform” rating and a $11.00 target price on the stock. Citigroup Inc. assumed coverage on Blue Apron Holdings in a research report on Tuesday, July 25th. They set a “buy” rating and a $10.00 target price on the stock. Raymond James Financial, Inc. assumed coverage on Blue Apron Holdings in a research report on Monday, July 24th. They set a “market perform” rating on the stock. Oppenheimer Holdings, Inc. assumed coverage on Blue Apron Holdings in a research report on Monday, July 24th. They set an “outperform” rating and a $11.00 target price on the stock. Finally, Morgan Stanley assumed coverage on Blue Apron Holdings in a research report on Monday, July 24th. They set an “equal weight” rating and a $7.50 target price on the stock. Two investment 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 company has an average rating of “Hold” and an average target price of $7.67.

The firm has a 50-day moving average of $5.59 and a 200-day moving average of $6.33. The firm’s market cap is $170.34 million.

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 during the quarter, compared to analyst estimates of $235.78 million. The company’s quarterly revenue was up 17.9% compared to the same quarter last year. Equities analysts expect that Blue Apron Holdings Inc will post ($1.60) EPS for the current year.

A number of institutional investors and hedge funds have recently modified their holdings of APRN. Obermeyer Wood Investment Counsel Lllp purchased a new stake in Blue Apron Holdings during the 2nd quarter valued at $110,000. Royal Bank of Canada purchased a new stake in Blue Apron Holdings during the 2nd quarter valued at $141,000. Legal & General Group Plc purchased a new stake in Blue Apron Holdings during the 2nd quarter valued at $187,000. DekaBank Deutsche Girozentrale purchased a new stake in Blue Apron Holdings during the 2nd quarter valued at $220,000. Finally, SG Americas Securities LLC purchased a new stake in Blue Apron Holdings during the 2nd quarter valued at $264,000.

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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.

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