Blue Apron Holdings, Inc. (NYSE:APRN) Short Interest Up 28.8% in August - MarketBeat

2022-09-24 04:52:54 By : Ms. Cisy Pei

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Blue Apron Holdings, Inc. (NYSE:APRN - Get Rating) was the recipient of a significant increase in short interest during the month of August. As of August 31st, there was short interest totalling 4,790,000 shares, an increase of 28.8% from the August 15th total of 3,720,000 shares. Based on an average trading volume of 5,570,000 shares, the short-interest ratio is currently 0.9 days. Blue Apron Stock Performance

APRN stock opened at $5.23 on Friday. The company has a debt-to-equity ratio of 1.20, a current ratio of 1.21 and a quick ratio of 0.89. Blue Apron has a 1 year low of $2.27 and a 1 year high of $12.76. The company has a market cap of $181.98 million, a P/E ratio of -1.32 and a beta of -3.08. The stock's fifty day moving average price is $4.62 and its 200-day moving average price is $4.06.

Blue Apron (NYSE:APRN - Get Rating) last released its quarterly earnings results on Monday, August 8th. The company reported ($0.68) earnings per share (EPS) for the quarter, beating analysts' consensus estimates of ($0.76) by $0.08. The business had revenue of $124.24 million during the quarter, compared to the consensus estimate of $123.70 million. Blue Apron had a negative return on equity of 211.07% and a negative net margin of 25.21%. During the same period in the previous year, the company posted ($0.76) EPS. On average, equities analysts forecast that Blue Apron will post -2.58 earnings per share for the current year. Insider Transactions at Blue Apron

In other news, CEO Linda Findley sold 9,915 shares of Blue Apron stock in a transaction dated Friday, August 26th. The stock was sold at an average price of $5.97, for a total value of $59,192.55. Following the completion of the transaction, the chief executive officer now owns 208,576 shares of the company's stock, valued at approximately $1,245,198.72. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Over the last three months, insiders have sold 22,761 shares of company stock valued at $135,883. Insiders own 1.20% of the company's stock. Institutional Investors Weigh In On Blue Apron

A number of hedge funds have recently modified their holdings of APRN. Walleye Capital LLC increased its position in Blue Apron by 127.5% in the second quarter. Walleye Capital LLC now owns 37,694 shares of the company's stock worth $137,000 after buying an additional 21,128 shares in the last quarter. Price T Rowe Associates Inc. MD purchased a new stake in Blue Apron in the 2nd quarter worth approximately $52,000. Wexford Capital LP raised its stake in Blue Apron by 14.2% during the 2nd quarter. Wexford Capital LP now owns 612,092 shares of the company's stock worth $2,228,000 after acquiring an additional 75,885 shares during the period. Kore Private Wealth LLC purchased a new position in Blue Apron during the second quarter valued at approximately $7,272,000. Finally, River & Mercantile Asset Management LLP boosted its position in shares of Blue Apron by 2.9% in the second quarter. River & Mercantile Asset Management LLP now owns 471,827 shares of the company's stock worth $1,708,000 after purchasing an additional 13,307 shares during the period. Wall Street Analysts Forecast Growth

A number of analysts have commented on APRN shares. Benchmark began coverage on Blue Apron in a report on Wednesday, July 20th. They issued a "buy" rating and a $10.00 target price for the company. Lake Street Capital began coverage on Blue Apron in a research report on Wednesday, August 10th. They issued a "buy" rating and a $9.00 target price for the company.Blue Apron Company Profile (Get Rating)

Blue Apron Holdings, Inc operates a direct-to-consumer platform that delivers original recipes with fresh and seasonal ingredients. It also operates Blue Apron Market, an e-commerce market that provides cooking tools, utensils, pantry items, and other products. In addition, the company offers Blue Apron Wine, a direct-to-consumer wine delivery service that sells wines, which can be paired with its meals.See AlsoGet a free copy of the StockNews.com research report on Blue Apron (APRN)3 Banks Worth Considering For Q4Stock Market: 3 Islands Of Strength In A Sea Of RedMarketBeat: Week in Review 9/12 – 9/16Is There a Cure for What is Ailing Teladoc Stock?No One Told These 3 Stocks It’s a Down Week

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