Blue Apron's stock drops after an IPO underwriter downgraded the stock

19 Août, 2017, 02:53 | Author: Marc Bacque
  • Blue Apron

Stifel Nicolaus reaffirmed a "buy" rating and set a $8.00 target price (down previously from $10.00) on shares of Blue Apron Holdings in a research note on Friday, August 11th.

Only 30 percent of Wall Street analysts have a buy rating on Blue Apron, according to FactSet.

Blue Apron's stock is also down 46 percent since its June 29 initial public offering at $10 per share.

APRN has been the topic of a number of recent research reports. They set a "buy" rating and a $12.00 price objective for the company. As per Thursday, August 10, the company rating was maintained by Stifel Nicolaus. Royal Bank Of Canada initiated coverage on shares of Blue Apron Holdings in a research note on Monday, July 24th. They set a "buy" rating and a $14.00 price objective for the company. Vanguard Group Inc. bought a new position in Blue Apron Holdings during the second quarter worth about $4,892,000. (The) started coverage on shares of Blue Apron Holdings in a research report on Monday, July 24th. Finally, Wells Fargo & Company MN bought a new position in Blue Apron Holdings during the second quarter worth about $627,000.

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Several institutional investors have recently made changes to their positions in APRN. Oak Ridge Investments LLC bought a new position in Blue Apron Holdings during the second quarter worth about $934,000. LMR Partners LLP purchased a new position in shares of Blue Apron Holdings during the second quarter worth $2,195,000. Blue Apron Holdings's quarterly revenue was up 17.9% compared to the same quarter past year.

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Shares of Blue Apron Holdings (NASDAQ APRN) opened at 5.39 on Friday. The stock's 50 day moving average is $6.91 and its 200 day moving average is $6.91.

Bottini & Bottini, Inc., a law firm specializing in securities class action litigation, announces that it has filed a class action lawsuit on behalf of all persons who purchased the common stock of Blue Apron Holdings, Inc. The firm's market cap is $161.93 million. The company reported ($0.47) earnings per share (EPS) for the quarter, missing the Zacks' consensus estimate of ($0.26) by $0.21. The business had revenue of $238.10 million for the quarter, compared to analysts' expectations of $235.78 million. Equities research analysts predict that Blue Apron Holdings will post ($1.48) EPS for the current year. The Firm is focused on providing recipes and fresh ingredients for making home cooking accessible.

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