Equities analysts forecast that Blue Apron Holdings (NYSE:APRN) will post $195.97 million in sales for the current quarter, Zacks Investment Research reports. Six analysts have provided estimates for Blue Apron’s earnings, with estimates ranging from $193.70 million to $198.30 million. The business is scheduled to issue its next earnings results before the market opens on Thursday, May 3rd.

According to Zacks, analysts expect that Blue Apron will report full-year sales of $840.36 million for the current year, with estimates ranging from $808.82 million to $863.97 million. For the next year, analysts forecast that the company will report sales of $951.54 million per share, with estimates ranging from $903.60 million to $1.03 billion. Zacks’ sales averages are an average based on a survey of sell-side research firms that follow Blue Apron.

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Blue Apron (NYSE:APRN) last released its earnings results on Tuesday, February 13th. The company reported ($0.20) earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of ($0.27) by $0.07. The company had revenue of $187.70 million for the quarter, compared to analyst estimates of $186.13 million. Blue Apron had a negative net margin of 23.85% and a negative return on equity of 787.55%. The firm’s quarterly revenue was down 13.1% on a year-over-year basis. During the same period in the prior year, the firm earned ($0.39) EPS.

A number of research analysts have issued reports on APRN shares. Gabelli started coverage on shares of Blue Apron in a report on Friday, February 2nd. They issued a “buy” rating and a $6.00 target price on the stock. Zacks Investment Research lowered shares of Blue Apron from a “hold” rating to a “sell” rating in a report on Wednesday, January 3rd. Northcoast Research upgraded shares of Blue Apron from a “sell” rating to a “neutral” rating and reduced their target price for the company from $3.43 to $3.31 in a report on Friday, February 16th. Morgan Stanley reduced their target price on shares of Blue Apron from $4.70 to $4.50 and set an “equal weight” rating on the stock in a report on Wednesday, February 14th. Finally, Stifel Nicolaus reiterated a “hold” rating and set a $4.00 price objective (down from $6.00) on shares of Blue Apron in a report on Wednesday, February 14th. Fourteen investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. Blue Apron currently has a consensus rating of “Hold” and a consensus price target of $6.39.

In related news, General Counsel Benjamin C. Singer sold 10,000 shares of the stock in a transaction that occurred on Friday, February 16th. The shares were sold at an average price of $3.50, for a total transaction of $35,000.00. Following the completion of the sale, the general counsel now owns 10,000 shares of the company’s stock, valued at approximately $35,000. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CTO Ilia M. Papas sold 133,333 shares of the stock in a transaction that occurred on Friday, February 16th. The stock was sold at an average price of $3.54, for a total transaction of $471,998.82. Following the sale, the chief technology officer now directly owns 140,833 shares of the company’s stock, valued at approximately $498,548.82. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 410,000 shares of company stock worth $1,090,999.

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. River & Mercantile Asset Management LLP grew its position in Blue Apron by 113.9% in the fourth quarter. River & Mercantile Asset Management LLP now owns 2,222,005 shares of the company’s stock valued at $8,966,000 after acquiring an additional 1,183,136 shares in the last quarter. Stifel Financial Corp acquired a new stake in Blue Apron in the third quarter valued at approximately $805,000. Armistice Capital LLC acquired a new stake in Blue Apron in the fourth quarter valued at approximately $4,030,000. Westpac Banking Corp grew its position in Blue Apron by 170.2% in the fourth quarter. Westpac Banking Corp now owns 576,324 shares of the company’s stock valued at $2,323,000 after acquiring an additional 363,044 shares in the last quarter. Finally, Wells Fargo & Company MN grew its position in Blue Apron by 27.4% in the third quarter. Wells Fargo & Company MN now owns 85,530 shares of the company’s stock valued at $467,000 after acquiring an additional 18,370 shares in the last quarter. 11.48% of the stock is owned by hedge funds and other institutional investors.

NYSE:APRN traded up $0.11 on Monday, reaching $2.04. The stock had a trading volume of 4,753,289 shares, compared to its average volume of 3,142,300. The firm has a market cap of $369.38 and a price-to-earnings ratio of -1.24. The company has a current ratio of 3.12, a quick ratio of 2.66 and a debt-to-equity ratio of 0.56. Blue Apron has a 12-month low of $1.72 and a 12-month high of $11.00.

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About Blue Apron

Blue Apron Holdings, Inc operates an e-commerce marketplace that delivers original recipes and fresh ingredients for making home cooking accessible. It provides original recipes with the pre-portioned ingredients to complement tastes and lifestyles of college graduates, young couples, families, singles, and empty nesters.

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