RBC Capital Sticks to Its Hold Rating for Blue Apron Holdings Inc

By Jason Carr

RBC Capital analyst Mark Mahaney reiterated a Hold rating on Blue Apron Holdings Inc (NYSE: APRN) on February 13 and set a price target of $4. The company’s shares closed yesterday at $3.47, close to its 52-week low of $2.94.

According to TipRanks.com, Mahaney is a top 100 analyst with an average return of 21.4% and a 66.6% success rate. Mahaney covers the Technology sector, focusing on stocks such as ANGI Homeservices Inc, Activision Blizzard, and Global Payments Inc.

Currently, the analyst consensus on Blue Apron Holdings Inc is Hold and the average price target is $4.90, representing a 41.2% upside.

In a report issued on February 13, SunTrust Robinson also reiterated a Hold rating on the stock with a $4.50 price target.

Based on Blue Apron Holdings Inc’s latest earnings report for the quarter ending December 31, the company posted quarterly revenue of $188 million and GAAP net loss of $39.12 million. In comparison, last year the company earned revenue of $216 million and had a GAAP net loss of $26.08 million.

Based on the recent corporate insider activity of 12 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.