Blue Apron Holdings Inc (APRN) Now Covered by Analysts at Raymond James Financial, Inc.

Raymond James Financial, Inc. assumed coverage on shares of Blue Apron Holdings Inc (NASDAQ:APRN) in a research note published on Monday, July 24th, Marketbeat.com reports. The brokerage issued a market perform rating on the stock.

Other research analysts also recently issued reports about the stock. SunTrust Banks, Inc. initiated coverage on shares of Blue Apron Holdings in a research report on Monday, July 24th. They set a buy rating and a $12.00 target price for the company. Canaccord Genuity assumed coverage on shares of Blue Apron Holdings in a research report on Monday, July 24th. They set a buy rating and a $14.00 target price for the company. Needham & Company LLC assumed coverage on shares of Blue Apron Holdings in a research note on Monday, July 24th. They set a buy rating and a $10.00 price target on the stock. Goldman Sachs Group, Inc. (The) assumed coverage on shares of Blue Apron Holdings in a research note on Monday, July 24th. They set a buy rating and a $11.00 price target on the stock. Finally, Stifel Nicolaus assumed coverage on shares of Blue Apron Holdings in a research note on Monday, July 24th. They set a buy rating and a $10.00 price target on the stock. One equities research analyst has rated the stock with a sell rating, nine have given a hold rating and five have assigned a buy rating to the stock. The company currently has a consensus rating of Hold and an average price target of $7.83.

Shares of Blue Apron Holdings (NASDAQ APRN) opened at 5.12 on Monday. Blue Apron Holdings has a 1-year low of $5.00 and a 1-year high of $11.00. The company’s market cap is $153.82 million. The stock has a 50 day moving average price of $7.05 and a 200-day moving average price of $7.05.

Blue Apron Holdings (NASDAQ:APRN) last issued its quarterly earnings data 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 business had revenue of $238.10 million for the quarter, compared to analyst estimates of $235.78 million. The firm’s quarterly revenue was up 17.9% compared to the same quarter last year. Analysts predict that Blue Apron Holdings will post ($1.27) earnings per share for the current fiscal year.

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Several institutional investors have recently added to or reduced their stakes in the stock. Vanguard Group Inc. acquired a new position in Blue Apron Holdings during the second quarter valued at approximately $4,892,000. Laurion Capital Management LP purchased a new stake in shares of Blue Apron Holdings during the second quarter worth about $10,274,000. Oak Ridge Investments LLC purchased a new stake in shares of Blue Apron Holdings during the second quarter worth about $934,000. Alliancebernstein L.P. purchased a new stake in shares of Blue Apron Holdings during the second quarter worth about $4,670,000. Finally, Wells Fargo & Company MN purchased a new stake in shares of Blue Apron Holdings during the second quarter worth about $627,000.

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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