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Blue Apron Holdings, Inc. (NYSE:APRN - Get Rating) saw a significant decrease in short interest in August. As of August 15th, there was short interest totalling 3,720,000 shares, a decrease of 9.7% from the July 31st total of 4,120,000 shares. Based on an average trading volume of 4,020,000 shares, the days-to-cover ratio is currently 0.9 days. Insider Activity at Blue Apron
In other Blue Apron news, CEO Linda Findley sold 9,915 shares of the stock in a transaction on 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 in the company, valued at $1,245,198.72. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Insiders sold a total of 22,761 shares of company stock worth $135,883 over the last quarter. 1.20% of the stock is owned by corporate insiders. Institutional Inflows and Outflows
A number of large investors have recently added to or reduced their stakes in APRN. Westpac Banking Corp lifted its holdings in Blue Apron by 6.4% in the 4th quarter. Westpac Banking Corp now owns 112,756 shares of the company's stock worth $759,000 after purchasing an additional 6,810 shares in the last quarter. Saltoro Capital LP purchased a new position in Blue Apron in the 4th quarter worth approximately $282,000. Connor Clark & Lunn Investment Management Ltd. raised its holdings in shares of Blue Apron by 5.0% during the 4th quarter. Connor Clark & Lunn Investment Management Ltd. now owns 99,458 shares of the company's stock worth $669,000 after acquiring an additional 4,710 shares in the last quarter. Renaissance Technologies LLC raised its holdings in shares of Blue Apron by 227.7% during the 4th quarter. Renaissance Technologies LLC now owns 785,280 shares of the company's stock worth $5,285,000 after acquiring an additional 545,680 shares in the last quarter. Finally, Divisadero Street Capital Management LP purchased a new stake in shares of Blue Apron during the 4th quarter worth approximately $581,000. Wall Street Analyst Weigh In
Several equities analysts have recently weighed in on APRN shares. Canaccord Genuity Group reduced their price target on Blue Apron from $12.00 to $10.00 and set a "buy" rating for the company in a report on Tuesday, May 10th. Lake Street Capital began coverage on Blue Apron in a report on Wednesday, August 10th. They issued a "buy" rating and a $9.00 price objective for the company. Finally, Benchmark initiated coverage on Blue Apron in a report on Wednesday, July 20th. They issued a "buy" rating and a $10.00 price objective for the company.Blue Apron Stock Down 3.0 %
Shares of NYSE:APRN traded down $0.18 during mid-day trading on Wednesday, reaching $5.84. 21,698 shares of the company traded hands, compared to its average volume of 8,159,518. The company's 50 day moving average price is $4.02 and its 200-day moving average price is $4.02. The company has a current ratio of 1.21, a quick ratio of 0.89 and a debt-to-equity ratio of 1.20. Blue Apron has a 52 week low of $2.27 and a 52 week high of $12.76.
Blue Apron (NYSE:APRN - Get Rating) last announced its quarterly earnings data on Monday, August 8th. The company reported ($0.62) earnings per share (EPS) for the quarter, beating analysts' consensus estimates of ($0.76) by $0.14. Blue Apron had a negative return on equity of 211.07% and a negative net margin of 25.21%. During the same quarter in the prior year, the firm posted ($0.76) earnings per share. As a group, equities research analysts anticipate that Blue Apron will post -2.58 earnings per share for the current year. About Blue Apron (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.Further ReadingGet a free copy of the StockNews.com research report on Blue Apron (APRN)Will The Institutions Buy The Dip In Ambarella Stock? PVH Corporation Is On Track For Capital ReturnsCan Pinterest Rally On Support From Big Investor With Conviction?Chargepoint Rallies, Despite Weaker EarningsIs Cadence Close To A Cup-With-High-Handle Breakout?
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