Blue Apron (NYSE:APRN) Trading 10.2% Higher

Blue Apron Holdings Inc (NYSE:APRN)’s share price traded up 10.2% on Thursday . The company traded as high as $7.14 and last traded at $7.03. 911,915 shares were traded during trading, an increase of 253% from the average session volume of 257,986 shares. The stock had previously closed at $6.38.

A number of equities analysts recently issued reports on the company. SunTrust Banks reissued a “hold” rating and issued a $25.50 price objective on shares of Blue Apron in a report on Sunday, April 7th. ValuEngine raised Blue Apron from a “hold” rating to a “buy” rating in a report on Tuesday, June 18th. Eight research analysts have rated the stock with a hold rating and one has given a buy rating to the company. Blue Apron has a consensus rating of “Hold” and a consensus price target of $24.88.

The firm has a market capitalization of $87.95 million, a price-to-earnings ratio of -0.72 and a beta of 1.46. The business has a fifty day moving average of $2.22. 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) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.90) by $0.45. The business had revenue of $141.89 million during the quarter, compared to analyst estimates of $149.79 million. Blue Apron had a negative return on equity of 70.16% and a negative net margin of 15.63%. The business’s revenue for the quarter was down 27.9% compared to the same quarter last year. During the same period in the prior year, the company posted ($2.55) EPS. Sell-side analysts anticipate that Blue Apron Holdings Inc will post -3.75 earnings per share for the current year.

In other Blue Apron news, CFO Timothy Bensley sold 44,055 shares of the 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 directly owns 82,226 shares of the company’s stock, valued at approximately $56,735.94. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CEO Linda F. Kozlowski sold 45,689 shares of the stock in a transaction on Wednesday, May 29th. The shares were sold at an average price of $0.69, for a total value of $31,525.41. Following the sale, 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. Over the last ninety days, insiders have sold 103,928 shares of company stock valued at $71,710. 56.24% of the stock is currently owned by corporate insiders.

Several large investors have recently made changes to their positions in APRN. Aries Wealth Management lifted its position in shares of Blue Apron by 50.0% during the 1st quarter. Aries Wealth Management now owns 30,000 shares of the company’s stock valued at $29,000 after acquiring an additional 10,000 shares during the last quarter. Paloma Partners Management Co lifted its position in shares of Blue Apron by 160.8% during the 4th 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 last quarter. Regal Investment Advisors LLC acquired a new stake in shares of Blue Apron during the 1st quarter valued at $36,000. HRT Financial LLC acquired a new stake in shares of Blue Apron during the 4th quarter valued at $36,000. Finally, TAP Consulting LLC acquired a new stake in shares of Blue Apron during the 1st quarter valued at $77,000.

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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