Today's Research Reports on Stocks to Watch: Blue Apron and Groupon
NEW YORK, NY / ACCESSWIRE / September 15, 2017 / Blue Apron shares had some fire underneath them yesterday after a Canaccord Genuity analyst had reassuring things to say about the stock, which has fallen over 40% since its IPO price this past June. Shares of Groupon closed down slightly yesterday but earlier in the week the company announced that the former CEO of Peabody will now be the president and general manager of the company's North America local.
RDI Initiates Coverage on:
Blue Apron Holdings, Inc.
https://rdinvesting.com/news/?ticker=APRN
Groupon, Inc.
https://rdinvesting.com/news/?ticker=GRPN
Blue Apron Holdings shares closed up 4.8% on Thursday after an analyst at Canaccord Genuity gave traders some reassurance by saying that that recent management commentary reinforces his view that current headwinds are "decidedly temporary." In full, analyst Michael Graham wrote, "We continue to view the current headwinds as decidedly temporary, and managements' recent commentary reinforces our view that the company is working through issues at a good pace and can largely complete the transition by the end of the year." According to Graham, the company is "in the process of a transformational product expansion." He wrote, "We believe increased customer options should lead to a stickier customer base with improved revenue and margin per customer." Blue Apron went public back in June with an IPO price of $10. It closed at $5.65 yesterday. Graham has an $11 stock price target with a "buy" rating on Blue Apron.
Access RDI's Blue Apron Holdings, Inc. Research Report at:
https://rdinvesting.com/news/?ticker=APRN
Groupon shares closed down 1.14% on Thursday with around 3.8 million shares traded. Trading volume was lackluster compared to usual. Earlier this week the Chicago-based company announced that it has named Jennifer Carr-Smith to be president and general manager of North America local. She was previously the president and CEO of grocery delivery service Peapod. When she takes office on September 25th, Carr-Smith will be leading the company's local business. Groupon's president of North America Aaron Cooper commented, "She is a proven leader with a strong background in growing and scaling businesses, and she'll bring a valuable and unique perspective and an expansive e-commerce background that will help us continue to build Groupon into a daily habit." Carr-Smith commented, "The opportunity and momentum at Groupon are tremendous. They've built an amazing local marketplace and - more importantly - a very talented team that's committed to bringing real value to customers, small businesses and the communities around them. I look forward to helping extend their advantage in Local."
Access RDI's Groupon, Inc. Research Report at:
https://rdinvesting.com/news/?ticker=GRPN
Our Actionable Research on Blue Apron Holdings, Inc. (NYSE: APRN) and Groupon, Inc. (NASDAQ: GRPN) can be downloaded free of charge at Research Driven Investing.
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SOURCE: RDInvesting.com
