In a report released yesterday, Maria Ripps from Canaccord Genuity maintained a Buy rating on Blue Apron Holdings (APRN), with a price target of $14.00. The company’s shares closed last Thursday at $8.84.
According to TipRanks.com, Ripps is a top 100 analyst with an average return of 81.1% and a 79.4% success rate. Ripps covers the Technology sector, focusing on stocks such as Spotify Technology SA, Zillow Group Class A, and Alphabet Class A.
Blue Apron Holdings has an analyst consensus of Moderate Buy, with a price target consensus of $10.25.
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Based on Blue Apron Holdings’ latest earnings release for the quarter ending September 30, the company reported a quarterly revenue of $112 million and GAAP net loss of $15.26 million. In comparison, last year the company earned revenue of $99.49 million and had a GAAP net loss of $26.2 million.
Based on the recent corporate insider activity of 34 insiders, corporate insider sentiment is positive on the stock. This means that over the past quarter there has been an increase of insiders buying their shares of APRN in relation to earlier this year.
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Blue Apron Holdings, Inc. operates as an ingredient-and-recipe meal kit service company. It engages in making home cooking accessible. The firm 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.
