Stifel Nicolaus analyst Scott Devitt reiterated a Hold rating on Blue Apron Holdings Inc (APRN) on November 14 and set a price target of $1.50. The company’s shares closed on Friday at $1.17, close to its 52-week low of $1.02.
According to TipRanks.com, Devitt is a top 100 analyst with an average return of 19.2% and a 65.2% success rate. Devitt covers the Technology sector, focusing on stocks such as Paypal Holdings, Eventbrite Inc, and Alphabet Inc.
Currently, the analyst consensus on Blue Apron Holdings Inc is a Hold with an average price target of $1.38, implying a 17.9% upside from current levels. In a report issued on November 13, Oppenheimer also assigned a Hold rating to the stock.
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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.
