Shares of Blue Apron Holdings Inc (NYSE:APRN) traded down 5.5% during trading on Monday . The stock traded as low as $1.00 and last traded at $1.04. 2,376,197 shares changed hands during mid-day trading, a decline of 39% from the average session volume of 3,872,065 shares. The stock had previously closed at $1.10.
Several analysts recently commented on the company. Zacks Investment Research lowered Blue Apron from a “buy” rating to a “hold” rating in a research note on Wednesday, February 27th. SunTrust Banks reaffirmed a “hold” rating and issued a $1.70 price target on shares of Blue Apron in a research note on Sunday, April 7th. Finally, ValuEngine lowered Blue Apron from a “buy” rating to a “hold” rating in a research note on Friday, January 25th. Ten investment analysts have rated the stock with a hold rating, The company presently has an average rating of “Hold” and a consensus target price of $1.75.
The company has a debt-to-equity ratio of 0.69, a current ratio of 2.10 and a quick ratio of 1.60. The company has a market capitalization of $213.13 million, a P/E ratio of -1.65 and a beta of 1.03.
Blue Apron (NYSE:APRN) last posted its quarterly earnings data on Wednesday, January 30th. The company reported ($0.12) EPS for the quarter, topping analysts’ consensus estimates of ($0.17) by $0.05. The company had revenue of $140.73 million for the quarter, compared to analyst estimates of $137.81 million. Blue Apron had a negative return on equity of 78.14% and a negative net margin of 18.30%. The business’s revenue was down 25.0% on a year-over-year basis. During the same quarter in the previous year, the firm earned ($0.20) earnings per share. On average, equities research analysts anticipate that Blue Apron Holdings Inc will post -0.35 earnings per share for the current fiscal year.
In other news, major shareholder Bessemer Venture Partners Viii sold 15,000,000 shares of the business’s stock in a transaction on Tuesday, February 26th. The stock was sold at an average price of $1.15, for a total transaction of $17,250,000.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In the last 90 days, insiders have sold 15,011,018 shares of company stock valued at $17,264,434. 56.24% of the stock is currently owned by corporate insiders.
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. River & Mercantile Asset Management LLP increased its holdings in Blue Apron by 25.3% in the fourth quarter. River & Mercantile Asset Management LLP now owns 5,205,981 shares of the company’s stock valued at $5,388,000 after purchasing an additional 1,052,592 shares during the last quarter. FMR LLC bought a new stake in Blue Apron in the third quarter valued at about $3,431,000. Geode Capital Management LLC increased 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 purchasing an additional 264,970 shares during the last quarter. RBF Capital LLC bought a new stake in Blue Apron in the fourth quarter valued at about $505,000. Finally, Two Sigma Investments LP bought a new stake in Blue Apron in the fourth quarter valued at about $297,000. Institutional investors and hedge funds own 8.61% of the company’s stock.
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Blue Apron Company Profile (NYSE:APRN)
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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