Blue Apron (APRN) Stock Forecast, Price & News

4 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Blue Apron in the last twelve months. There are currently 3 hold ratings and 1 buy rating for the stock. The consensus among Wall Street research analysts is that investors should "hold" APRN shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in APRN, but not buy additional shares or sell existing shares.
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4 analysts have issued 1 year target prices for Blue Apron's shares. Their APRN share price forecasts range from $24.00 to $84.00. On average, they anticipate the company's stock price to reach $63.00 in the next twelve months. This suggests a possible upside of 603.9% from the stock's current price.
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Blue Apron's stock was trading at $9.96 at the beginning of the year. Since then, APRN stock has decreased by 10.1% and is now trading at $8.95.
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Blue Apron saw a decrease in short interest in May. As of May 15th, there was short interest totaling 5,240,000 shares, a decrease of 21.2% from the April 30th total of 6,650,000 shares. Based on an average trading volume of 1,990,000 shares, the days-to-cover ratio is currently 2.6 days.
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The company is scheduled to release its next quarterly earnings announcement on Monday, August 14th 2023.
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Blue Apron Holdings, Inc. (NYSE:APRN) posted its quarterly earnings data on Thursday, March, 16th. The company reported ($5.88) EPS for the quarter, beating analysts' consensus estimates of ($6.84) by $0.96. The business earned $106.81 million during the quarter, compared to analysts' expectations of $107.88 million. Blue Apron had a negative net margin of 19.32% and a negative trailing twelve-month return on equity of 230.57%.

Blue Apron's stock reverse split on the morning of Thursday, June 8th 2023. The 1-12 reverse split was announced on Thursday, June 8th 2023. The number of shares owned by shareholders was adjusted after the market closes on Thursday, June 8th 2023. An investor that had 100 shares of stock prior to the reverse split would have 8 shares after the split.

16 employees have rated Blue Apron Chief Executive Officer Linda Kozlowski on Glassdoor.com. Linda Kozlowski has an approval rating of 78% among the company's employees.

Based on aggregate information from My MarketBeat watchlists, some companies that other Blue Apron investors own include Tesla (TSLA), Advanced Micro Devices (AMD), NVIDIA (NVDA), Pfizer (PFE), AT&T (T), Micron Technology (MU), Netflix (NFLX), General Electric (GE), Roku (ROKU) and Bank of America (BAC).

(APRN) raised $480 million in an initial public offering (IPO) on Thursday, June 29th 2017. The company issued 30,000,000 shares at a price of $15.00-$17.00 per share. Goldman Sachs, Morgan Stanley, Citigroup and Barclays served as the underwriters for the IPO and RBC Capital Markets, SunTrust Robinson Humphrey, Stifel, Canaccord Genuity, Needham, Oppenheimer, Raymond James and William Blair were co-managers.

Blue Apron trades on the New York Stock Exchange (NYSE) under the ticker symbol "APRN."

Blue Apron's stock is owned by many different institutional and retail investors. Top institutional investors include Susquehanna International Group LLP (0.00%), Innovis Asset Management LLC (1.60%), Group One Trading L.P. (0.00%), Simplex Trading LLC (0.00%), Geode Capital Management LLC (0.33%) and Virtu Financial LLC (0.23%). Insiders that own company stock include Charlean Gmunder, Danielle Simpson, Elizabeth Huebner, Holdings Ltd Dph, Irina Krechmer, Joseph N Sanberg, Julie Betancur, Linda F Kozlowski, Linda Findley, Matthew B Salzberg, Meredith L Deutsch, Randy J Greben, Terri Leitgeb and Timothy Bensley.
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Shares of APRN stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
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One share of APRN stock can currently be purchased for approximately $8.95.

Blue Apron (NYSE:APRN) has a market capitalization of $650.40 million and generates $458.47 million in revenue each year. The company earns $-109,730,000.00 in net income (profit) each year or ($2.17) on an earnings per share basis.

The company employs 1,549 workers across the globe.

Blue Apron's mailing address is 28 LIBERTY STREET, NEW YORK NY, 10005. The official website for the company is www.blueapron.com. The company can be reached via phone at (347) 719-4312 or via email at investor.relations@blueapron.com.