Blue Apron Sees Unusually High Options Volume (NYSE:APRN)

Blue Apron Holdings, Inc. (NYSE:APRN) was the recipient of unusually large options trading activity on Tuesday. Stock investors purchased 5,045 call options on the stock. This represents an increase of approximately 150% compared to the average volume of 2,018 call options.

Blue Apron Stock Down 2.8 %

Shares of NYSE APRN opened at $6.58 on Wednesday. Blue Apron has a 52 week low of $4.70 and a 52 week high of $85.29. The firm’s fifty day moving average is $6.37 and its 200 day moving average is $7.53. The company has a market cap of $42.05 million, a price-to-earnings ratio of -0.24 and a beta of -3.01.

Blue Apron (NYSE:APRN) last issued its quarterly earnings data on Wednesday, August 9th. The company reported ($2.06) earnings per share (EPS) for the quarter. The company had revenue of $106.23 million for the quarter. Blue Apron had a negative net margin of 29.03% and a negative return on equity of 378.95%.

Hedge Funds Weigh In On Blue Apron

Several institutional investors have recently made changes to their positions in the business. Raymond James Trust N.A. raised its position in shares of Blue Apron by 42.9% during the second quarter. Raymond James Trust N.A. now owns 20,000 shares of the company’s stock valued at $117,000 after buying an additional 6,000 shares during the last quarter. Engineers Gate Manager LP purchased a new position in Blue Apron during the third quarter worth $104,000. Two Sigma Investments LP purchased a new position in Blue Apron during the fourth quarter worth $81,000. Walleye Capital LLC purchased a new position in Blue Apron during the first quarter worth $67,000. Finally, Price T Rowe Associates Inc. MD purchased a new position in Blue Apron during the second quarter worth $52,000. Institutional investors own 38.96% of the company’s stock.

Analyst Ratings Changes

Separately, Benchmark lifted their target price on shares of Blue Apron from $16.00 to $17.00 and gave the stock a “buy” rating in a research note on Thursday, August 10th.

About Blue Apron

Blue Apron Holdings, Inc operates a direct-to-consumer platform that delivers original recipes with fresh and seasonal ingredients. The company also operates Blue Apron Market, an e-commerce market that provides cooking tools, utensils, pantry items, and other products. In addition, it offers Blue Apron Wine, a direct-to-consumer wine delivery service that sells wines, which can be paired with its meals.