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

Scott Eisen  Getty Images

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.

Jurgen Klopp unsure about Simon Mignolet Liverpool future
I have to make a decision for tomorrow night. "I always try to be there when the team needs me". 'I'm still young. Jurgen Klopp has a preference for Loris Karius and that's been the case since the German goalkeeper was signed.

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.

Related News:

  • 20 wounded in Florida high school shooting

    20 wounded in Florida high school shooting

    It was the 18th shooting in a United States school so far this year, according to gun control group Everytown for Gun Safety . A woman consoles another as parents wait for news. "He (her teacher) was going to close the door, and he got shot", she said.
    Uber Fourth-Quarter Loss Drops to $1.1B

    Uber Fourth-Quarter Loss Drops to $1.1B

    Uber's loss was mainly based on accepted accounting standards, which includes write-downs and significant legal expenses. The San Francisco-based group's gross bookings also climbed 14 percent to $11.1 billion in the quarter.
    Nirav Modi fraud shaves off Rs 3800 crore in PNB's market cap

    Nirav Modi fraud shaves off Rs 3800 crore in PNB's market cap

    The CBI has not yet said yet if the case is connected to the $1.8bn fraud. The bank said it has asked Modi to come up with a formal repayment plan.
  • New president to be sworn in today, says Speaker Baleka Mbete

    New president to be sworn in today, says Speaker Baleka Mbete

    So we've been a parliament which has been busy over nothing accept the protection of Jacob Zuma . Magashule also said there was no deadline for Zuma to resign based on the NEC's decision.
    The Coca-Cola Company (The) (KO) Position Increased by Winfield Associates Inc

    The Coca-Cola Company (The) (KO) Position Increased by Winfield Associates Inc

    Hamilton Point Investment Advsrs Limited Liability Company invested 0.15% of its portfolio in The Coca-Cola Company (NYSE:KO). If we look at the Volatility of The Coca-Cola Company (KO ), Week Volatility is 2.86%, whereas Month Volatility is at 1.79%.
    Accountability court rejects Sharif family's exemption request

    Accountability court rejects Sharif family's exemption request

    Nawaz and his son are accused in all three cases, while Maryam and Safdar are named in the London properties case. He questioned whether there's any accountability for the way the judges speak in retaliation.
  • Scotland welcomes Prince Harry and Meghan Markle

    Scotland welcomes Prince Harry and Meghan Markle

    A pretty stylish and unoffensive outfit by anyone's measure, but look at the way Meghan's carrying her Strathberry bag . They met members of the public during a walkabout in the Scottish capital on the eve of Valentine's Day .
    Redmi Note 5 Pro: The worthy upgrade for Redmi Note 4 users

    Redmi Note 5 Pro: The worthy upgrade for Redmi Note 4 users

    Xiaomi Redmi Note 5 highlights a 5.99-inch full-HD (1080×2160 pixels) display with an 18:9 aspect ratio and 2.5D rounded glass. The device is 20-35 per cent more power efficient than its competition as it sports LPDDR4X RAM , the company claimed.
    Assault on pregnant woman: CPM leader arrested

    Assault on pregnant woman: CPM leader arrested

    A profusely bleeding Sibi was rushed to the Kozhikode Medical College Hospital where she had to undergo an abortion, they added. According to reports, the woman was four months into her pregnancy and had to undergo a forced abortion after the assault.
  • Blake Griffin's ex sues 'man-child' for palimony

    Blake Griffin's ex sues 'man-child' for palimony

    Is Brynn entitled to some cash from Blake or no? "Griffin himself, however, knows very well what breaching promises is all about". The duo attended couples therapy, but Griffin "immediately embarked on a high-profile affair with Jenner", Cameron alleges.
    Real Madrid to Chase Toby Alderweireld Amid Tottenham Contract Stand-Off Rumours

    Real Madrid to Chase Toby Alderweireld Amid Tottenham Contract Stand-Off Rumours

    Marouane Fellaini will be leaving Manchester United this summer after agreeing a move to Besiktas , claims Turkish outlet Foto Mac .
    Sher Bahadur Deuba resigns, KP Oli to take over as Nepal PM

    Sher Bahadur Deuba resigns, KP Oli to take over as Nepal PM

    It must be noted that the Deuba-led Nepali Congress (NC) stood third in the historic parliamentary and provincial assembly polls. They met President Bidhya Devi Bhandari on Thursday morning to present their choice, The Himalayan Times reported.

Most liked

The Westminster Kennel Club Dog Show is the Only Show that Matters
Rumor, a female German shepherd, was named Best in Show at last year's competition. The *goodest* boy or girl AKA Best in Show will be announced later tonight.

Murphy Bothered VP Pence Didn't Stand for North Korea at Olympics
North Korean leader Kim Jong Un has used the Winter Olympics hosted by South Korea to unleash a diplomatic charm offensive . He also said it was a win for Moon's administration, which has prioritized engaging with the North Koreans.

Adam Rippon rewarded with bronze medal after long journey to Olympic stage
In making his Olympic debut at 28 years old, Rippon is finally living his best life by sharing his authentic self with the world. Rippon was thrust into the spotlight for being one of the first openly gay athletes to take a stand at the Olympics .

GM, South Korea Set for Standoff After Automaker Threatens Exit
The U.S. company planned to restructure some 2,000 employees, including irregular workers, without elaborating on it. During the meeting, Trump again stressed the trade imbalance with Korea, referring to the free trade agreement.

Sharapova falls at first hurdle in Doha
Nine of the top ten women's players are competing in Doha this week, but arguably Sharapova was the biggest attraction. The injury forced her out of Romania's Fed Cup tie with Canada last weekend.

Ken de la Bastide column: Where are the teams for Daytona 500?
With that in mind, Gossage offers his forecast for the NASCAR Monster Energy Cup season, which opens Sunday with the Daytona 500. His nickname is Bowman the Showman, yet that did little in helping Alex Bowman to get Rick Hendrick to remember his name.

Why so many temporary White House clearances? Adam Schiff wants to know
The White House's first-blush reaction to the charges leveled by Holderness and Willoughby was to defend Porter. Because in the Trump White House, the last person who cares about violence against women is Trump.

Florida high school shooting: What we know so far
He said the teen was arrested without incident after he was located off the school grounds in a nearby community. Florida Senator Marco Rubio said in a tweet that he was monitoring the "horrible unfolding situation".

Tinder plans to let women prevent men from messaging them first
The app coins the term #LadiesChoice because they say women get the final say in who they want to get to know better. " Bumble " is valued at more than $1 billion and has over 22 million users, according to Forbes.

Apple and Facebook drive Wall Street rally
It took just nine days for stocks to plunge 10 percent from their latest peak, which was reached on January 26. All three fuelled the S&P 500 more than any other shares , leaving the index up 1.34 per cent for the session.

Chinese New Year 2018: 9 ways to celebrate in Philadelphia
Bright red is the preeminent color of festivity, symbolic of good health and fortune, wealth, prosperity and longevity. According to Asian astrology, your year of birth and the animal it represents influences your personality traits.

Virginia Tech vs Duke basketball
Virginia's next game is on 2/21 at John Paul Jones Arena against the Georgia Tech Yellow Jackets, the third-worst team in the ACC. Duke slowed Tech down, playing 2-3 zone, while the Blue Devils seemingly couldn't miss on the offensive end.

Stock market shrugs off CPI rise but inflation obsession may linger
The Labor Department said its consumer price index climbed by 0.5% in January after edging up by a revised 0.2% in December. CPI inflation remained unchanged at 3% in January, according to the latest ONS data released this morning.

2-day security conference gets under way in Kabul
Pakistan has urged Afghanistan to stop the blame game and asked for its co-operation in combating terrorism. The army chief once again assured that the Pakistani territory would not be used against any other country.

Olympics women's hockey, Canada vs. Finland live stream
Kendell Coyne added a power-play goal 2 minutes, 31 seconds later and Dani Cameranesi iced it with an empty-netter in the third. Finland, that mad Canada last April in the entire championships, which is broadly looked at whilst the bronze medal favored.