RBC Capital analyst Mark Mahaney reiterated a Hold rating on Blue Apron Holdings Inc (APRN) on November 16 and set a price target of $1.50. The company’s shares closed yesterday at $1.14, close to its 52-week low of $1.02.
According to TipRanks.com, Mahaney is a top 100 analyst with an average return of 21.0% and a 62.4% success rate. Mahaney covers the Technology sector, focusing on stocks such as Eventbrite Inc, Alphabet Inc, and Upwork Inc.
Blue Apron Holdings Inc has an analyst consensus of Hold, with a price target consensus of $1.81, a 58.8% upside from current levels. In a report issued on November 15, Guggenheim also downgraded the stock to Hold.
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Based on Blue Apron Holdings Inc’s latest earnings release for the quarter ending September 30, the company reported a quarterly GAAP net loss of $33.94 million. In comparison, last year the company had a GAAP net loss of $87.2 million.
Based on the recent corporate insider activity of 57 insiders, corporate insider sentiment is negative on the stock.
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Blue Apron Holdings, Inc. engages in making home cooking accessible. It involves in demand planning, recipe creation, recipe merchandising, and marketing. Its products include meals and wine. The company was founded by Matthew J. Wadiak, Ilia M. Papas, and Matthew B. Salzberg in 2012 and is headquartered in New York, NY.
