Blue Apron Holdings Inc (NYSE:APRN) CTO Ilia M. Papas sold 133,333 shares of Blue Apron stock in a transaction that occurred on Friday, February 16th. The shares were sold at an average price of $3.54, for a total transaction of $471,998.82. Following the completion of the transaction, the chief technology officer now directly owns 140,833 shares in the company, valued at approximately $498,548.82. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link.
Blue Apron Holdings Inc (NYSE APRN) opened at $3.31 on Friday. Blue Apron Holdings Inc has a fifty-two week low of $2.94 and a fifty-two week high of $11.00. The company has a debt-to-equity ratio of 0.48, a current ratio of 3.15 and a quick ratio of 2.73.
Blue Apron (NYSE:APRN) last issued its earnings results on Tuesday, February 13th. The company reported ($0.20) earnings per share for the quarter, topping the Zacks’ consensus estimate of ($0.27) by $0.07. The firm had revenue of $187.70 million for the quarter, compared to analyst estimates of $186.13 million. Blue Apron’s quarterly revenue was down 13.1% on a year-over-year basis. During the same quarter in the previous year, the firm posted ($0.39) earnings per share. equities analysts expect that Blue Apron Holdings Inc will post -0.72 earnings per share for the current year.
A number of brokerages have recently commented on APRN. Northcoast Research raised shares of Blue Apron from a “sell” rating to a “neutral” rating and cut their price objective for the stock from $3.43 to $3.31 in a research report on Friday, February 16th. Zacks Investment Research raised shares of Blue Apron from a “sell” rating to a “hold” rating in a research report on Thursday, February 15th. Royal Bank of Canada reissued a “hold” rating and issued a $4.00 price objective on shares of Blue Apron in a research report on Wednesday, February 14th. Morgan Stanley cut their price objective on shares of Blue Apron from $4.70 to $4.50 and set an “equal weight” rating on the stock in a research report on Wednesday, February 14th. Finally, Stifel Nicolaus reissued a “hold” rating and issued a $4.00 price objective (down previously from $6.00) on shares of Blue Apron in a research report on Wednesday, February 14th. Fifteen analysts have rated the stock with a hold rating and four have given a buy rating to the company. Blue Apron has an average rating of “Hold” and a consensus target price of $6.70.
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About Blue Apron
Blue Apron Holdings, Inc is a holding company. The Company is focused on providing recipes and fresh ingredients for making home cooking accessible. The Company offers under a novel business model in which it source, process, store and package meal ingredients and ship them directly to consumers. The Company’s core products include Meals and Wine.
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