Blue Apron Holdings, Inc. (APRN) SVP Buys $97,250.00 in Stock
Blue Apron Holdings, Inc. (NYSE:APRN) SVP Timothy J. Smith bought 25,000 shares of Blue Apron stock in a transaction dated Monday, December 11th. The stock was acquired at an average cost of $3.89 per share, with a total value of $97,250.00. Following the completion of the acquisition, the senior vice president now owns 28,386 shares of the company’s stock, valued at $110,421.54. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink.
Shares of Blue Apron Holdings, Inc. (NYSE:APRN) traded up $0.24 during midday trading on Friday, reaching $4.21. The company’s stock had a trading volume of 3,530,500 shares, compared to its average volume of 3,075,966. Blue Apron Holdings, Inc. has a 1-year low of $2.94 and a 1-year high of $11.00. The company has a debt-to-equity ratio of 0.48, a current ratio of 3.15 and a quick ratio of 2.73.
Blue Apron (NYSE:APRN) last announced its quarterly earnings data on Thursday, November 2nd. The company reported ($0.47) earnings per share for the quarter, missing the consensus estimate of ($0.43) by ($0.04). The business had revenue of $210.60 million during the quarter, compared to analyst estimates of $191.47 million. During the same period last year, the business posted ($0.56) earnings per share. The company’s revenue for the quarter was up 2.5% compared to the same quarter last year. analysts anticipate that Blue Apron Holdings, Inc. will post -1.66 earnings per share for the current year.
Several institutional investors have recently bought and sold shares of APRN. FMR LLC bought a new position in shares of Blue Apron in the second quarter worth $42,090,000. Capital World Investors bought a new position in shares of Blue Apron in the second quarter worth $36,476,000. JPMorgan Chase & Co. bought a new position in shares of Blue Apron in the second quarter worth $31,439,000. Victory Capital Management Inc. bought a new position in shares of Blue Apron in the second quarter worth $14,010,000. Finally, Laurion Capital Management LP bought a new position in shares of Blue Apron in the second quarter worth $10,274,000. 58.35% of the stock is owned by hedge funds and other institutional investors.
APRN has been the subject of several recent analyst reports. Canaccord Genuity reaffirmed a “buy” rating and issued a $11.00 target price on shares of Blue Apron in a report on Thursday, September 14th. Guggenheim initiated coverage on Blue Apron in a report on Monday, September 25th. They issued a “buy” rating and a $9.00 target price for the company. Needham & Company LLC reaffirmed a “buy” rating and issued a $5.00 target price (down from $6.50) on shares of Blue Apron in a report on Friday, November 3rd. Barclays raised Blue Apron from an “underweight” rating to an “equal weight” rating and upped their target price for the company from $3.00 to $4.00 in a report on Monday, December 4th. Finally, SunTrust Banks reissued a “hold” rating and set a $5.50 price objective on shares of Blue Apron in a report on Tuesday, October 24th. One investment analyst has rated the stock with a sell rating, fourteen have issued a hold rating and three have issued a buy rating to the company. The company currently has a consensus rating of “Hold” and an average price target of $7.04.
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Blue Apron 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.
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