Blue Apron Holdings Inc Receives a Rating Update from a Top Analyst

By Austin Angelo

In a report released today, Scott Devitt from Stifel Nicolaus reiterated a Hold rating on Blue Apron Holdings Inc (NYSE: APRN), with a price target of $4. The company’s shares closed yesterday at $3.35, close to its 52-week low of $2.94.

According to TipRanks.com, Devitt is a top 100 analyst with an average return of 24.9% and a 73.6% success rate. Devitt covers the Services sector, focusing on stocks such as Zillow Group Inc, TripAdvisor Inc, and Stitch Fix Inc.

Currently, the analyst consensus on Blue Apron Holdings Inc is Hold and the average price target is $4.90, representing a 46.3% upside.

In a report released yesterday, RBC Capital also reiterated a Hold rating on the stock with a $4 price target.

The company has a one-year high of $11 and a one-year low of $2.94. Currently, Blue Apron Holdings Inc has an average volume of 2.36M.

Based on the recent corporate insider activity of 12 insiders, corporate insider sentiment is negative on the stock.

TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.

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.