The Recent Research Analysts' Ratings Updates for Blue Apron Holdings (APRN)

Blue Apron reported 746,000 customers on Tuesday down 15% from a year earlier and 13% from three months prior

Blue Apron shares surged as much as 25 percent in morning trading to $4.20, but fell back to close unchanged. When revenue rose a mere 18% for the second quarter - its first financial report as a public company - and slowed to 3% in the third quarter, investors knew that they were taken for a ride.

"Street estimates were light due to the company's announced pullback in marketing spend for the seasonally weak quarter, as APRN focused on improving operating efficiency at its new Linden facility". During the same quarter in the previous year, the business posted ($0.39) EPS.

A number of equities research analysts have issued reports on the stock. The stock now has an average rating of Hold and a consensus price target of $6.96. (APRN) shows a double bottom with $3.25 target or 3.00 % below today's $3.35 share price. SunTrust downgraded the stock to "Hold" rating in Friday, August 11 report. Gabelli began coverage on Blue Apron in a research note on Friday, February 2nd. The stock now has an average rating of Hold and a consensus target price of $6.96. The stock has "Outperform" rating by RBC Capital Markets on Friday, November 3. 1 analysts say it's a Hold while 0 analysts provided their expert opinion as Sell.

Blue Apron started to ramp up its marketing in late December as it geared up to launch its new brand campaign. Following the purchase, the senior vice president now owns 28,386 shares in the company, valued at approximately $110,421.54. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, major shareholder First Round Capital Iv Partner sold 189,819 shares of the firm's stock in a transaction that occurred on Monday, November 20th. The shares were bought at an average price of $3.89 per share, with a total value of $97,250.00. The disclosure for this purchase can be found here. A sudden increase in a stock's activity can be a sign that investors are trading in anticipation of a catalyst, or that investors feel very strongly in one way or the other about the future direction of a stock.

Nevertheless, revenues are down 13% year-over-year thanks to a reduction in marketing. Beta value of the stock is marked at 2.35.

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Connor Clark & Lunn Investment Management Ltd increased Gentex Corp (NASDAQ:GNTX) stake by 48,133 shares to 71,833 valued at $1.42M in 2017Q3. Blue Apron stock will continue to slide if sales keep falling and its outlook only gets worse. River & Mercantile Asset Management LLP now owns 2,222,005 shares of the company's stock worth $8,966,000 after buying an additional 1,183,136 shares during the period.

The company has a current ratio of 3.15, a quick ratio of 2.73 and a debt-to-equity ratio of 0.48. If you are accessing this story on another publication, it was illegally stolen and republished in violation of USA and worldwide copyright legislation. If you are accessing this article on another publication, it was illegally stolen and reposted in violation of USA and worldwide trademark and copyright laws.

Blue Apron Holdings, Inc. provides recipes and fresh ingredients for making home cooking accessible.

"We are methodically implementing operational improvements to drive our business and are encouraged by the progress we've made since last quarter, particularly in margin which contributed to improvement in our bottom-line performance", Brad Dickerson, CEO of New York-based Blue Apron Holdings, Inc., said in a statement.

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