Blue Apron to lay off 6% of workforce

Blue Apron to lay off 6% of workforce”

The subscription meal service went public on the New York Stock Exchange in June with a $1.9 billion valuation-its lavish IPO celebration included a lettuce wall. In August, Blue Apron imposed a temporary hiring freeze and fired 14 members of its recruiting team. Finally, SG Americas Securities LLC bought a new position in shares of Blue Apron Holdings in the 2nd quarter valued at approximately $264,000. The firm's 50 day moving average price is $5.38 and its 200-day moving average price is $6.04. The company has market cap of $83.98 million. The company reported ($0.47) earnings per share for the quarter, missing the consensus estimate of ($0.26) by ($0.21).

Revenue moved just 18% higher in the second quarter, a far cry from the 42% surge it posted in the first quarter after more than doubling for all of 2016. Shares of Blue Apron fell 1% in late trading after ending the regular trading day down 1.5%.

COPYRIGHT VIOLATION NOTICE: "30,000 Shares in Blue Apron Holdings Inc (APRN) Purchased by BlueCrest Capital Management Ltd" was posted by Dispatch Tribunal and is owned by of Dispatch Tribunal. If you are viewing this report on another publication, it was stolen and reposted in violation of global trademark & copyright law. The legal version of this piece of content can be accessed at Oppenheimer reinitiated the shares of APRN in report on Monday, August 21 with "Perform" rating. The stock now has an average rating of Hold and an average target price of $7.77.

A lot of things have tripped up Blue Apron in its short tenure as a publicly traded company.

Several other equities research analysts also recently weighed in on the stock. The company now has an average rating of "Hold" and an average price target of $7.77. The deal showed that the well-capitalized Amazon was serious about dominating online fresh-food sales, and added to the intense competition Blue Apron was already facing in the narrower meal-kit space. The Company offers under a novel business model in which it source, process, store and package meal ingredients and ship them directly to consumers.

Like this



19 October 2017
Toyota recalls 310000 Sienna minivans for rollaway risk
Toyota says the recall covers more than 347,000 Sienna minivans worldwide from the 2005 to 2007 and 2009 to 2010 model years. As par for the course, Toyota will replace all of the affected cars' shift lock solenoids and regrease, free of charge.

19 October 2017
SUV rams into crowd in Ukraine, kills six
She did not consume alcoholic beverages, and if she is found guilty she will end up spending 10 years behind bars. The two injured, including a pregnant woman, are in critical condition, according to local healthcare officials.

19 October 2017
Bush warns "bigotry seems emboldened" under Trump
Bush took a veiled swipe at President Donald Trump Thursday, condemning the "casual cruelty" that marks today's political discourse.

19 October 2017
Hot Stocks Among Investors: The AES Corporation (AES), Kimberly-Clark Corporation (KMB)
Psagot Investment House Ltd increased Vanguard (Vcsh) (VCSH) stake by 40,011 shares to 159,771 valued at $12.79 million in 2017Q2. Pcj Investment Counsel Ltd decreased Canadian Natural Resources Ltd. (CNQ) stake by 2.63% reported in 2017Q2 SEC filing.

19 October 2017
Warm winter may be ahead for Northeast
But La Nina is not the only factor that can influence this year's winter weather. Parts of the northwest could see cooler conditions.

19 October 2017
'I, Tonya' Teaser Introduces Margot Robbie As Tonya Harding
In its own way, the trailer seems to be covering its own ass by claiming that the truth is bullshit anyway. Margot Robbie nailed the landing-and her transformation into disgraced figure skater Tonya Harding .

19 October 2017
Drake Mourns Death of Tragically Hip Singer Gord Downie
Feist has shared her own rendition of Downie's " The Stranger ", the opening track from his 2016 solo album Secret Path . A statement on the band's website said he died Tuesday night "with his beloved children and family close by".

19 October 2017
Resident Evil Revelations Games Get Exclusive Mini-Games on Switch
The extras were created just for the Switch's upcoming dual-pack of Resident Evil Revelations 1 and 2 , due to launch on 28th November.

19 October 2017
Earnings Forecast of UnitedHealth Group Incorporated (UNH)
Sunbelt Securities Inc. bought a new position in shares of UnitedHealth Group during the second quarter valued at about $218,000. Following the completion of the sale, the director now directly owns 1,818,898 shares in the company, valued at $348,700,935.58.

19 October 2017
OxFORD Asset Management LLP Grows Holdings in Portland General Electric Company (POR)
The stock of Portland General Electric Company (NYSE:POR) earned "Hold" rating by KeyBanc Capital Markets on Thursday, October 12. Banque Pictet & Cie Sa increased Spdr Series Trust (XRT) stake by 13,630 shares to 119,740 valued at $4.88 million in 2017Q2.