Blue Apron Holdings Inc (NYSE:APRN) major shareholder First Round Capital Iv, L.P. sold 1,300,000 shares of Blue Apron stock in a transaction dated Tuesday, September 25th. The stock was sold at an average price of $1.70, for a total transaction of $2,210,000.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Large shareholders that own 10% or more of a company’s stock are required to disclose their transactions with the SEC.
Shares of NYSE APRN traded down $0.01 during midday trading on Thursday, hitting $1.76. The company’s stock had a trading volume of 100 shares, compared to its average volume of 2,573,114. Blue Apron Holdings Inc has a one year low of $1.64 and a one year high of $5.93. The company has a quick ratio of 2.30, a current ratio of 2.74 and a debt-to-equity ratio of 0.74. The firm has a market cap of $350.35 million, a P/E ratio of -1.07 and a beta of -1.22.
Blue Apron (NYSE:APRN) last posted its quarterly earnings results on Thursday, August 2nd. The company reported ($0.17) earnings per share (EPS) for the quarter, meeting the consensus estimate of ($0.17). Blue Apron had a negative net margin of 24.64% and a negative return on equity of 89.80%. The company had revenue of $179.60 million for the quarter, compared to analyst estimates of $188.51 million. During the same quarter in the previous year, the firm posted ($0.47) earnings per share. The company’s quarterly revenue was down 24.6% compared to the same quarter last year. equities analysts expect that Blue Apron Holdings Inc will post -0.72 EPS for the current year.
Hedge funds and other institutional investors have recently bought and sold shares of the company. Dynamic Technology Lab Private Ltd bought a new stake in shares of Blue Apron in the first quarter valued at approximately $102,000. Bayesian Capital Management LP bought a new stake in shares of Blue Apron in the first quarter valued at approximately $205,000. Northern Trust Corp raised its position in shares of Blue Apron by 55.8% in the second quarter. Northern Trust Corp now owns 85,533 shares of the company’s stock valued at $287,000 after purchasing an additional 30,625 shares during the period. Tiedemann Advisors LLC bought a new stake in shares of Blue Apron in the first quarter valued at approximately $689,000. Finally, OZ Management LP raised its position in shares of Blue Apron by 3,200.0% in the first quarter. OZ Management LP now owns 465,000 shares of the company’s stock valued at $930,000 after purchasing an additional 480,000 shares during the period. 12.96% of the stock is currently owned by institutional investors.
Several brokerages have commented on APRN. Morgan Stanley lowered their price objective on shares of Blue Apron from $2.00 to $1.90 and set an “equal weight” rating on the stock in a research report on Wednesday, July 11th. Zacks Investment Research raised shares of Blue Apron from a “hold” rating to a “buy” rating and set a $4.25 price objective on the stock in a research report on Tuesday, July 17th. Barclays lowered their price objective on shares of Blue Apron from $3.50 to $2.50 and set an “equal weight” rating on the stock in a research report on Monday, August 6th. Royal Bank of Canada reaffirmed a “hold” rating and issued a $2.00 price objective on shares of Blue Apron in a research report on Friday, August 3rd. Finally, SunTrust Banks reissued a “hold” rating and issued a $2.00 price target on shares of Blue Apron in a research report on Thursday, August 2nd. Ten research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. Blue Apron presently has a consensus rating of “Hold” and an average price target of $3.49.
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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