Posted by AM Reporter Staff on Sep 1st, 2022

Blue Apron Holdings, Inc. (NYSE:APRN – Get Rating) General Counsel Meredith L. Deutsch sold 2,847 shares of the business’s stock in a transaction dated Friday, August 26th. The shares were sold at an average price of $5.97, for a total transaction of $16,996.59. Following the completion of the sale, the general counsel now directly owns 32,040 shares of the company’s stock, valued at $191,278.80. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website.

Shares of APRN opened at $5.81 on Thursday. The company has a 50 day moving average price of $4.09 and a 200-day moving average price of $4.03. Blue Apron Holdings, Inc. has a fifty-two week low of $2.27 and a fifty-two week high of $12.76. The stock has a market capitalization of $202.16 million, a PE ratio of -1.46 and a beta of -2.80. The company has a debt-to-equity ratio of 1.20, a quick ratio of 0.89 and a current ratio of 1.21.

Blue Apron (NYSE:APRN – Get Rating) last posted its earnings results on Monday, August 8th. The company reported ($0.62) EPS for the quarter, beating analysts’ consensus estimates of ($0.76) by $0.14. Blue Apron had a negative net margin of 25.21% and a negative return on equity of 211.07%. During the same quarter in the previous year, the business earned ($0.76) earnings per share. Equities analysts predict that Blue Apron Holdings, Inc. will post -2.58 earnings per share for the current fiscal year.

Hedge funds have recently bought and sold shares of the stock. First Citizens Bank & Trust Co. acquired a new position in Blue Apron during the 1st quarter valued at approximately $41,000. Landscape Capital Management L.L.C. acquired a new position in Blue Apron during the 1st quarter valued at approximately $49,000. Price T Rowe Associates Inc. MD acquired a new position in Blue Apron during the 2nd quarter valued at approximately $52,000. Walleye Capital LLC acquired a new position in Blue Apron during the 1st quarter valued at approximately $67,000. Finally, Raymond James Trust N.A. acquired a new position in Blue Apron during the 1st quarter valued at approximately $105,000.

Several equities research analysts have issued reports on APRN shares. Lake Street Capital started coverage on shares of Blue Apron in a research report on Wednesday, August 10th. They issued a “buy” rating and a $9.00 price objective for the company. Canaccord Genuity Group lowered their price target on shares of Blue Apron from $12.00 to $10.00 and set a “buy” rating for the company in a research report on Tuesday, May 10th. Finally, Benchmark started coverage on shares of Blue Apron in a research report on Wednesday, July 20th. They issued a “buy” rating and a $10.00 price target for the company.

Blue Apron Holdings, Inc operates a direct-to-consumer platform that delivers original recipes with fresh and seasonal ingredients. It also operates Blue Apron Market, an e-commerce market that provides cooking tools, utensils, pantry items, and other products. 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.

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