River & Mercantile Asset Manageme. recently announced the acquisition of new stake in Blue Apron Holdings Inc. (NYSE:APRN). The institutional investor has increased its shareholding in the Consumer Cyclical company by 56.69% to 0.54 million shares with purchase of 0.2 million shares. This fresh investment now brings its stake to 5.49% valued currently at $6.5 million. In addition, Lombard Odier Asset Management (U. raised its holdings by 0.3 million to 0.3 million shares. And Maverick Capital Ltd. has lifted its position by 17.60% or 39030.0 shares – to 0.26 million shares.
With over 1.71 million Blue Apron Holdings Inc. (APRN) shares trading Monday and a closing price of $7.67 on the day, the dollar volume was approximately $13.13 million. The shares have shown a negative weekly performance of -7.70% and its price on 08/24/20 lost nearly -10.71%. Currently, there are 13.43M common shares owned by the public and among those 12.00M shares have been available to trade.
Incidentally, analysts’ outlook for the Blue Apron Holdings Inc. stock is 2.30 for the next 12 months.
Insiders at the company have transacted a total of 47 times over the past 12 months, according to data filed with the U.S. Securities and Exchange Commission (SEC). 32 of these insider trades were purchases, accounting for 320,699 shares. Insider sales of the common stock occurred on 15 occasions, with total insider shares sold totaling 33,070 shares.
The top 3 mutual fund holders in Blue Apron Holdings Inc. are Vanguard Total Stock Market Index, Baillie Gifford Overseas Growth F, and ES River & Mercantile Funds ICVC. Vanguard Total Stock Market Index owns 0.21 million shares of the company’s stock, all valued at over $2.57 million. The company bought an additional 20200.0 shares recently to bring their total holdings to about 2.17% of the shares outstanding. ES River & Mercantile Funds ICVC now owns shares totaling to 1.15% of the shares outstanding.
Shares of Blue Apron Holdings Inc. (NYSE: APRN) opened at $8.37, down -$0.22 from a prior closing price of $8.59. However, the script later closed the day at $7.67, down -10.71%. The company’s stock has a 5-day price change of -7.70% and -13.04% over the past three months. APRN shares are trading 16.57% year to date (YTD), with the 12-month market performance up to 5.36% higher. It has a 12-month low price of $2.01 and touched a high of $28.84 over the same period. Currently, 1.71 million shares have been traded, compared to an average intraday trading volume of 1.30 million shares. The stock is trading above its simple moving averages at the SMA20, SMA50, and SMA200, as the current price level is off by -23.89%, -30.77%, and -7.48% respectively.
Institutional ownership of Blue Apron Holdings Inc. (NYSE: APRN) shares accounts for 23.80% of the company’s 13.43M shares outstanding. Mutual fund holders own 25.95%, while other institutional holders and individual stakeholders account for 8.07% and 16.99% respectively.
It has a market capitalization of $125.25M. The earnings-per-share (ttm) stands at -$5.08. Price movements for the stock have been influenced by the stock’s volatility, which stands at 9.81% over the week and 9.11% over the month.
Analysts forecast that Blue Apron Holdings Inc. (APRN) will achieve an EPS of -$1.44 for the current quarter, -$0.74 for the next quarter and -$2.56 for 2021. The lowest estimate earnings-per-share for the quarter is -$1.54 while analysts give the company a high EPS estimate of -$1.34. Comparatively, EPS for the current quarter was -$1.99 a year ago. Earnings per share for the fiscal year are expected to increase by 50.90%, and 33.90% over the next financial year.
If you are looking to buy this stock, then you may note that the average analyst recommendation by 2 brokerage firm advisors rate Blue Apron Holdings Inc. (APRN) as a “Moderate Buy” at a consensus score of 2.30. Specifically, 1 Wall Street analysts polled rate the stock as a buy, while 1 of the 2 advise that investors “hold,” and 0 rated it as a “Sell.”
Looking at the support for the APRN, a number of firms have released research notes about the stock. Canaccord Genuity stated their Buy rating for the stock in a research note on July 30, 2020, with the firm’s price target at $18. Guggenheim coverage for the Blue Apron Holdings Inc. (APRN) stock in a research note released on November 15, 2018 offered a Neutral rating with a price target of. Canaccord Genuity was of a view on November 15, 2018 that the stock is Hold, while Stifel gave the stock Hold rating on May 04, 2018, issuing a price target of $4- $3.50. Northcoast on their part issued Neutral rating on February 16, 2018.