The relative volume of the stock is 7.09 while its market cap is $0.72 billion.
Count Needham in on the side expecting Blue Apron to slightly top estimates. Total debt to equity ratio of the company for most recent quarter is 0.00 while Long term debt to equity ratio for same time period is 0.00. The firm's $39.1 million net loss generated a $0.20 per share deficit, less than the expected -$0.27 result.
That would be a major milestone for the company which has not turned an annual profit by any measure since being founded in 2012 and has not moved closer since its high-profile initial public offering in June previous year.
APRN has been the subject of a number of other research reports. At current stock price levels, we have noted that APRN's stock price is separated -69.55% from the 52 week high and 13.95% off of the 52 week low. Gabelli began coverage on Blue Apron in a research note on Friday, February 2nd. Canaccord Genuity maintained the stock with "Buy" rating in Thursday, August 10 report. The rating was downgraded by RBC Capital Markets on Friday, December 1 to "Sector Perform". SunTrust Banks reissued a "hold" rating and issued a $5.50 price objective on shares of Blue Apron in a research report on Tuesday, October 24th. 0 analysts gave its stock an Outperform rating. The company now has a consensus rating of "Hold" and a consensus target price of $6.96. From the start of year 2017 to present date APRN reported slumped performance of -16.87%.More news: Police complaint lodged against internet sensation Priya Prakash Varrier's song
"We are methodically implementing operational improvements to drive our business and are encouraged by the progress we've made since last quarter, particularly in margin which contributed to improvement in our bottom-line performance", Brad Dickerson, CEO of New York-based Blue Apron Holdings, Inc., said in a statement.
The stock increased or $0 during the last trading session, hitting $.
Blue Apron has been struggling to overcome several well-publicized operational issues that have dragged its stock down more than 66% since it first started trading in late June. The shares were sold at an average price of $3.04, for a total value of $577,049.76. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Following the purchase, the senior vice president now owns 28,386 shares in the company, valued at approximately $110,421.54. The disclosure for this sale can be found here.
A number of institutional investors have recently added to or reduced their stakes in APRN.More news: Victoria Beckham Disproves World Tour Possibility
Connor Clark & Lunn Investment Management Ltd increased Gentex Corp (NASDAQ:GNTX) stake by 48,133 shares to 71,833 valued at $1.42M in 2017Q3. FMR LLC acquired a new position in Blue Apron in the second quarter worth $42,090,000. River & Mercantile Asset Management LLP lifted its holdings in Blue Apron by 113.9% during the 4th quarter.
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In recent action, Blue Apron Holdings, Inc.
JPMORGAN CHASE & CO raised its stake in Blue Apron Holdings, Inc.More news: Florida mass shooting: What we know about suspected gunman Nikolas Cruz
Blue Apron Holdings, Inc. operates an e-commerce marketplace that delivers original recipes and fresh ingredients for making home cooking accessible.