The shares were recently upgraded to ‘Buy’ at Gabelli & Co. and 12 analysts have increased their EPS estimates in the past 30 days.
Blue Apron Holdings, Inc. (APRN)
From IPO Authority
Blue Apron Holdings (APRN) is a meal-kit delivery service that has delivered over 159 million perfectly constructed meals to households across the U.S. over the past six years. The company provides customers with the recipes that they’ve selected and with the preportioned ingredients for those recipes.
The company seeks to provide sustainable and unique dinner experiences for its customers.
IPO Details:
Industry: Catalog and Mail Order
IPO Date: June 29, 2017
IPO Price: $10
Earlier in the month, Blue Apron was up after seeing that the company’s operational track had improved—in addition to the idea of a partnership or acquisition with or by Walmart that analyst Matthew Trusz pitched.
On February 13th, the company reported its fourth-quarter results, which were surprisingly not disappointing. Blue Apron beat revenue by $2.56 million, bringing in $187.65 million in the fourth quarter. Blue Apron stock continues trading below IPO price. But with this newfound momentum, we could witness an uptrend.
Monica Savaglia, IPO Authority, www.angelpub.com, 877-303-4529, March 8, 2018