Economy

Barclays PLC Begins Coverage on Blue Apron Holdings Inc (NASDAQ:APRN)

Barclays PLC Begins Coverage on Blue Apron Holdings Inc (NASDAQ:APRN)”

Needham & Company LLC started coverage on Blue Apron Holdings in a research report on Monday.

Several other equities analysts have also recently weighed in on APRN. On Thursday, November 3 the stock rating was maintained by Mizuho with "Buy". The brokerage issued a market perform rating on the stock.

Blue Apron Holdings, Inc.is a holding company. (The) assumed coverage on Blue Apron Holdings in a research report on Monday. Goldman Sachs Group, Inc. They set an outperform rating and a $10.00 price target on the stock. They set an equal weight rating and a $7.00 price target for the company. Blue Apron's seasoned executives in charge of supply chain and operations are being elevated and will now report to CEO Matt Salzberg, the meal-kit company said in a statement. They issued a sell rating and a $2.00 price objective on the stock. They set a buy rating and a $11.00 price target on the stock. One research analyst has rated the stock with a sell rating, five have assigned a hold rating and nine have given a buy rating to the stock.

Blue Apron Holdings (APRN) traded up 1.1808% during mid-day trading on Monday, hitting $7.4975. William Blair started coverage on Blue Apron Holdings in a research report on Monday.

For a company that should never have gone public, was rocked immediately by a major deal in its own sector and is now depending entirely on the kindness of its underwriters, Blue Apron managed to stay relatively outwardly chill as its stock price fell so hard that a recent rebound has it back to 25% under its IPO price. 2,386,320 shares of the company traded hands. The firm has a 50-day moving average price of $7.72 and a 200 day moving average price of $7.72. The company has market cap of $87.07 million. If you are reading this article on another publication, it was illegally copied and reposted in violation of USA & worldwide trademark & copyright law. The legal version of this report can be accessed at https://www.chaffeybreeze.com/2017/07/25/blue-apron-holdings-inc-nasdaqaprn-coverage-initiated-at-citigroup-inc.html.

"As a co-founder and member of our executive leadership team, Matt Wadiak has played an instrumental role in driving forward Blue Apron's mission to make incredible home cooking accessible to everyone", Salzberg said in a statement.

Pacira Pharmaceuticals, Inc.is a holding company. The analyst points to the company's core subscription model, more delivery, and recipe options along with a price range of $9-$10, which will give APRN a strong base in the $1.3 trillion Grocery and Restaurant US industry.



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