Blue Apron (NYSE:APRN) Stock Price Down 4.8%

Blue Apron Holdings, Inc. (NYSE:APRN – Get Rating) fell 4.8% on Wednesday . The company traded as low as $0.67 and last traded at $0.68. 652,994 shares changed hands during mid-day trading, a decline of 90% from the average session volume of 6,717,058 shares. The stock had previously closed at $0.71.

Wall Street Analysts Forecast Growth

Separately, Lake Street Capital cut shares of Blue Apron from a “buy” rating to a “hold” rating and lowered their target price for the company from $4.00 to $2.00 in a research note on Friday, December 9th.

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Blue Apron Price Performance

The firm has a market cap of $46.85 million, a P/E ratio of -0.22 and a beta of -2.93. The stock’s 50 day moving average is $0.91 and its two-hundred day moving average is $1.49.

Institutional Trading of Blue Apron

Several large investors have recently added to or reduced their stakes in the company. Price T Rowe Associates Inc. MD bought a new stake in Blue Apron during the second quarter worth about $52,000. Walleye Capital LLC bought a new stake in Blue Apron during the first quarter worth about $67,000. Engineers Gate Manager LP bought a new stake in Blue Apron during the third quarter worth about $104,000. State Street Corp grew its stake in Blue Apron by 33.5% during the first quarter. State Street Corp now owns 83,569 shares of the company’s stock worth $338,000 after buying an additional 20,954 shares during the last quarter. Finally, SG Americas Securities LLC acquired a new position in shares of Blue Apron during the third quarter worth approximately $129,000.

Blue Apron Company Profile

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Blue Apron Holdings, Inc operates as an ingredient-and-recipe meal kit service company. engages in making home cooking accessible. The firm is involved 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.

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