Blue Apron Holdings Inc (NYSE:APRN) was the target of a significant drop in short interest during the month of August. As of August 31st, there was short interest totalling 1,964,000 shares, a drop of 19.5% from the July 31st total of 2,440,000 shares. Based on an average trading volume of 1,070,000 shares, the short-interest ratio is currently 1.8 days. Approximately 29.9% of the company’s shares are short sold.

In other Blue Apron news, insider Linda F. Kozlowski sold 4,674 shares of Blue Apron stock in a transaction dated Monday, August 26th. The shares were sold at an average price of $7.14, for a total transaction of $33,372.36. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Over the last quarter, insiders have sold 8,409 shares of company stock valued at $60,040. Company insiders own 40.83% of the company’s stock.

A number of institutional investors have recently modified their holdings of APRN. Deutsche Bank AG lifted its stake in Blue Apron by 126.3% in the fourth quarter. Deutsche Bank AG now owns 99,644 shares of the company’s stock worth $101,000 after acquiring an additional 55,617 shares during the last quarter. Spark Investment Management LLC lifted its position in shares of Blue Apron by 95.3% during the 1st quarter. Spark Investment Management LLC now owns 337,600 shares of the company’s stock worth $330,000 after buying an additional 164,700 shares during the last quarter. Laurion Capital Management LP purchased a new stake in shares of Blue Apron during the 1st quarter worth approximately $349,000. Regal Investment Advisors LLC purchased a new stake in shares of Blue Apron during the 1st quarter worth approximately $36,000. Finally, River & Mercantile Asset Management LLP lifted its position in shares of Blue Apron by 39.1% during the 1st quarter. River & Mercantile Asset Management LLP now owns 7,243,581 shares of the company’s stock worth $7,059,000 after buying an additional 2,037,600 shares during the last quarter. Institutional investors own 13.13% of the company’s stock.

Blue Apron stock traded up $0.89 during trading on Friday, reaching $9.15. The stock had a trading volume of 16,396 shares, compared to its average volume of 218,663. Blue Apron has a 52-week low of $6.10 and a 52-week high of $28.88. The business has a 50 day moving average price of $7.82 and a 200 day moving average price of $3.88. The company has a quick ratio of 1.76, a current ratio of 2.33 and a debt-to-equity ratio of 0.74. The stock has a market cap of $108.12 million, a PE ratio of -0.97 and a beta of 1.03.

Blue Apron (NYSE:APRN) last issued its quarterly earnings results on Tuesday, August 6th. The company reported ($0.59) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($1.08) by $0.49. Blue Apron had a negative net margin of 12.79% and a negative return on equity of 57.90%. The company had revenue of $119.20 million during the quarter, compared to the consensus estimate of $138.13 million. During the same quarter in the previous year, the firm earned ($0.17) earnings per share. The firm’s quarterly revenue was down 33.6% on a year-over-year basis. On average, equities analysts predict that Blue Apron will post -4.59 EPS for the current fiscal year.

APRN has been the subject of a number of recent research reports. ValuEngine upgraded shares of Blue Apron from a “hold” rating to a “buy” rating in a research note on Thursday, August 1st. Citigroup decreased their price target on shares of Blue Apron from $18.00 to $8.00 and set a “neutral” rating for the company in a research note on Thursday, July 11th. Seven analysts have rated the stock with a hold rating and one has issued a buy rating to the company. The stock currently has a consensus rating of “Hold” and an average target price of $22.51.

About Blue Apron

Blue Apron Holdings, Inc operates direct-to-consumer platform that delivers original recipes, and fresh and seasonal ingredients. It also operates Blue Apron Market, an e-commerce marketplace that provides cooking tools, utensils, and pantry items. 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; and supplies poultry, beef, and lamb.

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