Canaccord Genuity lifts Blue Apron Holdings Inc. [APRN] price estimate. Who else is bullish?

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Blue Apron Holdings Inc. [NYSE: APRN] gained 33.77% on the last trading session, reaching $4.04 price per share at the time. The company report on May 2, 2022 that Blue Apron Announces $70.5 Million Planned Capital Infusion Through Debt and Equity Financings.

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RJB Partners commits to $40 million private placement at $12 per share; $20 million investment completed with additional $20 million investment expected in Q2 2022.

Blue Apron President, CEO Linda Findley invests $500,000 in a private placement at $12 per share.

Blue Apron Holdings Inc. represents 22.29 million in outstanding shares, while the company has a total market value of $135.78 million with the latest information. APRN stock price has been found in the range of $3.65 to $4.33.

If compared to the average trading volume of 979.67K shares, APRN reached a trading volume of 55026782 in the most recent trading day, which is why market watchdogs consider the stock to be active.

Here is what top equities market gurus are saying about Blue Apron Holdings Inc. [APRN]:

Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for APRN shares is $12.00 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on APRN stock is a recommendation set at 1.00. This rating represents a strong Buy recommendation, on the scale from 1 to 5, where 5 would mean strong sell, 4 represents Sell, 3 is Hold, and 2 indicates Buy.

Canaccord Genuity have made an estimate for Blue Apron Holdings Inc. shares, keeping their opinion on the stock as Buy, with their previous recommendation back on July 30, 2020. The new note on the price target was released on November 15, 2018, representing the official price target for Blue Apron Holdings Inc. stock. Previously, the target price had yet another drop from $6 to $3, while Canaccord Genuity kept a Hold rating on APRN stock. On May 04, 2018, analysts decreased their price target for APRN shares from 4 to 3.50.

The Average True Range (ATR) for Blue Apron Holdings Inc. is set at 0.42, with the Price to Sales ratio for APRN stock in the period of the last 12 months amounting to 0.29. The Price to Book ratio for the last quarter was 1.13, with the Price to Cash per share for the same quarter was set at 2.45.

Trading performance analysis for APRN stock

Blue Apron Holdings Inc. [APRN] gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 9.19. With this latest performance, APRN shares dropped by -0.25% in over the last four-week period, additionally sinking by -55.85% over the last 6 months – not to mention a drop of -32.89% in the past year of trading.

Overbought and oversold stocks can be easily traced with the Relative Strength Index (RSI), where an RSI result of over 70 would be overbought, and any rate below 30 would indicate oversold conditions. An RSI rate of 50 would represent a neutral market momentum. The current RSI for APRN stock in for the last two-week period is set at 50.65, with the RSI for the last a single of trading hit 56.07, and the three-weeks RSI is set at 47.35 for Blue Apron Holdings Inc. [APRN]. The present Moving Average for the last 50 days of trading for this stock 4.41, while it was recorded at 3.46 for the last single week of trading, and 6.24 for the last 200 days.

Blue Apron Holdings Inc. [APRN]: A deeper dive into fundamental analysis

Operating Margin for any stock indicates how profitable investing would be, and Blue Apron Holdings Inc. [APRN] shares currently have an operating margin of -15.12 and a Gross Margin at +31.13. Blue Apron Holdings Inc.’s Net Margin is presently recorded at -18.79.

Return on Equity for this stock declined to -122.73, with Return on Assets sitting at -39.54.

Blue Apron Holdings Inc.’s liquidity data is similarly interesting compelling, with a Quick Ratio of 1.20 and a Current Ratio set at 1.50.

An analysis of insider ownership at Blue Apron Holdings Inc. [APRN]

There are presently around $44 million, or 34.00% of APRN stock, in the hands of institutional investors. The top three institutional holders of APRN stocks are: WOLF HILL CAPITAL MANAGEMENT, LP with ownership of 1,614,961, which is approximately New of the company’s market cap and around 6.20% of the total institutional ownership; ARARAT CAPITAL MANAGEMENT, LP, holding 912,154 shares of the stock with an approximate value of $3.69 million in APRN stocks shares; and RENAISSANCE TECHNOLOGIES LLC, currently with $3.17 million in APRN stock with ownership of nearly 227.746% of the company’s market capitalization.

Positions in Blue Apron Holdings Inc. stocks held by institutional investors increased at the end of May and at the time of the May reporting period, where 54 institutional holders increased their position in Blue Apron Holdings Inc. [NYSE:APRN] by around 7,150,706 shares. Additionally, 31 investors decreased positions by around 1,711,789 shares, while 14 investors held positions by with 1,944,271 shares. The mentioned changes placed institutional holdings at 10,806,766 shares, according to the latest SEC report filing. APRN stock had 30 new institutional investments in for a total of 4,855,755 shares, while 18 institutional investors sold positions of 785,047 shares during the same period.