Blue Apron Holdings now has an average rating of "Hold" and a consensus target price of $7.67. The legal version of this article can be viewed at https://stocknewstimes.com/2017/08/21/blue-apron-holdings-inc-aprn-earns-market-perform-rating-from-oppenheimer-holdings-inc.html. They issued a buy rating and a $12.00 price objective for the company. (The) initiated coverage on shares of Blue Apron Holdings in a report on Monday, July 24th. The firm has "Buy" rating by Oppenheimer given on Friday, August 4. Morgan Stanley started coverage on Blue Apron Holdings in a report on Monday, July 24th. When this news was announced, the Company's stock price dropped almost 40%, from $11.43 per share to $6.89 per share. On Friday, August 11 the stock rating was downgraded by Oppenheimer to "Hold". They set a buy rating and a $10.00 target price on the stock. One equities research analyst has rated the stock with a sell rating, ten have issued a hold rating and four have given a buy rating to the company's stock. On January 30, 2015, the Company held its IPO at $13 per share.
Blue Apron Holdings (APRN) traded down 1.48% during midday trading on Friday, reaching $5.31. The company's market cap is $157.43 million.
Further, Blue Apron was aware of Amazon.com Inc.'s ( AMZN ) plans to enter the meal-delivery business and it was also experiencing issues delivering meals to customers on time. For the next fiscal year, analysts anticipate that the company will post sales of $1.27 billion per share, with estimates ranging from $1.15 billion to $1.31 billion. The company's quarterly revenue was up 17.9% on a year-over-year basis. It now has negative earnings.
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Goldberg Law PC, a national shareholder rights litigation firm, announces the filing of a class action lawsuit against Blue Apron Holdings, Inc. If you are viewing this piece on another website, it was illegally stolen and republished in violation of United States and worldwide trademark & copyright laws.
Several large investors have recently modified their holdings of the company. Oak Ridge Investments LLC bought a new stake in shares of Blue Apron Holdings during the second quarter worth $934,000. DekaBank Deutsche Girozentrale acquired a new stake in shares of Blue Apron Holdings during the second quarter worth about $220,000. Finally, Laurion Capital Management LP purchased a new stake in Blue Apron Holdings during the second quarter valued at $10,274,000. Blue Apron has $14 highest and $2 lowest target. The Firm is focused on providing recipes and fresh ingredients for making home cooking accessible. The Company's core products include Meals and Wine.