Blue Apron (NYSE:APRN) Shares Up 8.4%

Blue Apron Holdings Inc (NYSE:APRN) shot up 8.4% on Friday . The company traded as high as $7.79 and last traded at $7.74, 624,303 shares traded hands during mid-day trading. An increase of 135% from the average session volume of 265,284 shares. The stock had previously closed at $7.14.

A number of brokerages have recently weighed in on APRN. SunTrust Banks reiterated a “hold” rating and issued a $25.50 price target on shares of Blue Apron in a report on Sunday, April 7th. ValuEngine downgraded Zumiez from a “hold” rating to a “sell” rating in a report on Tuesday, July 2nd. Finally, Citigroup upped their price objective on Silgan from $34.00 to $36.00 and gave the stock a “buy” rating in a research note on Thursday. Ten analysts have rated the stock with a hold rating, The stock presently has a consensus rating of “Hold” and an average price target of $23.01.

The company has a market cap of $93.87 million, a PE ratio of -0.82 and a beta of 0.92. The business has a 50 day simple moving average of $4.00. The company has a debt-to-equity ratio of 0.70, a current ratio of 2.21 and a quick ratio of 1.69.

Blue Apron (NYSE:APRN) last issued its quarterly earnings data on Tuesday, April 30th. The company reported ($0.45) EPS for the quarter, topping the Zacks’ consensus estimate of ($0.90) by $0.45. The firm had revenue of $141.89 million during the quarter, compared to the consensus estimate of $149.79 million. Blue Apron had a negative return on equity of 70.16% and a negative net margin of 15.63%. The firm’s revenue was down 27.9% on a year-over-year basis. During the same period in the prior year, the business earned ($2.55) EPS. As a group, sell-side analysts anticipate that Blue Apron Holdings Inc will post -4.05 EPS for the current fiscal year.

In other Blue Apron news, CFO Timothy Bensley sold 44,055 shares of the business’s stock in a transaction on Wednesday, May 29th. The stock was sold at an average price of $0.69, for a total transaction of $30,397.95. Following the completion of the transaction, the chief financial officer now owns 82,226 shares in the company, valued at approximately $56,735.94. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Linda F. Kozlowski sold 45,689 shares of the business’s stock in a transaction on Wednesday, May 29th. The stock was sold at an average price of $0.69, for a total value of $31,525.41. Following the transaction, the chief executive officer now owns 98,143 shares of the company’s stock, valued at approximately $67,718.67. The disclosure for this sale can be found here. Insiders have sold a total of 103,928 shares of company stock valued at $71,710 in the last quarter. 56.24% of the stock is currently owned by insiders.

A number of hedge funds have recently made changes to their positions in APRN. Bank of New York Mellon Corp lifted its holdings in Blue Apron by 373.6% in the fourth quarter. Bank of New York Mellon Corp now owns 100,904 shares of the company’s stock valued at $103,000 after acquiring an additional 79,600 shares during the period. Geode Capital Management LLC lifted its holdings in Blue Apron by 94.5% in the fourth quarter. Geode Capital Management LLC now owns 545,215 shares of the company’s stock valued at $556,000 after acquiring an additional 264,970 shares during the period. Two Sigma Investments LP acquired a new stake in Blue Apron in the fourth quarter valued at $297,000. RBF Capital LLC acquired a new stake in Blue Apron in the fourth quarter valued at $505,000. Finally, Paloma Partners Management Co lifted its holdings in Blue Apron by 160.8% in the fourth quarter. Paloma Partners Management Co now owns 33,639 shares of the company’s stock valued at $34,000 after acquiring an additional 20,739 shares during the period.

Blue Apron Company Profile (NYSE:APRN)

Blue Apron Holdings, Inc operates direct-to-consumer platform that delivers original recipes, and fresh and seasonal ingredients. It also operates Blue Apron Market, an e-commerce marketplace that provides cooking tools, utensils, and pantry items. In addition, the company offers Blue Apron Wine, a direct-to-consumer wine delivery service that sells wines, which can be paired with its meals; and supplies poultry, beef, and lamb.

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