Blue Apron Holdings Inc (APRN)

[gr8investment]

Wow...crazy...glad I sold the pump to 1.50

[berdboy]

boy did they screw us.,.

[PennyPusher786]

And the shorted ticker closes on the day high... great... what a turn around

[PennyPusher786]

I'm out... dumps are under way

[PennyPusher786]

There are no short squeezes, just bait and rug pulls... Remember that...

[PennyPusher786]

Doing alright week too wek

[berdboy]

i am surprised.. holding here 3-6 months anyway.. longer if needed...

[PennyPusher786]

Aged quite well bro... surprise Surprise

[berdboy]

IN PROCESS NOW.. WIL BE AT .99 TOMORROW IMO

[PennyPusher786]

Reversal?

[PennyPusher786]

Wow some fat ass dumps

[berdboy]

it will be...shorts are in firm control here still

[PennyPusher786]

Doing quite well off these dips

[Mr. Zen]

This is why I hate NASDAQ stocks, shorts can jam it to a good company: Give me a reverse merger penny play any day, never was much of a main stream swimmer

[PennyPusher786]

Let's see if it gets shorted back to 1.15-1.20 first... looks bullish so far

[Mr. Zen]

10,000,000 shares of the Company’s Class A common stock (the “Subsequent PIPE Shares”) for an aggregate purchase price of $56.5 million

that works out to $5.65 per share

[Mr. Zen]

As previously disclosed, on April 29, 2022, the Company and RJB Partners LLC (“RJB”), an affiliate of Mr. Sanberg, entered into a Purchase Agreement, which was subsequently amended by Amendment No. 1 thereto on August 7, 2022 and by Amendment No. 2 thereto on September 7, 2022 (as amended, the “Purchase Agreement”), pursuant to which RJB agreed to purchase from the Company (i) 1,666,667 shares of the Company’s Class A common stock (the “Initial PIPE Shares”) for an aggregate purchase price of $20.0 million and (ii) 10,000,000 shares of the Company’s Class A common stock (the “Subsequent PIPE Shares”) for an aggregate purchase price of $56.5 million (the “Outstanding Obligated Amount”). Mr. Sanberg has agreed to guarantee the payment of RJB’s payment obligations under the Purchase Agreement. On April 29, 2022, the Initial PIPE Shares transaction closed. The Subsequent PIPE Shares transaction has not yet closed. In addition, additional amounts are owed to the Company by an affiliate of Mr. Sanberg under a gift card sponsorship agreement (the “Gift Card Obligations”).



On November 6, 2022, the Company and Remember Bruce, LLC (“Pledgor”), an affiliate of Mr. Sanberg, entered into a Guaranty and Pledge Agreement (the “Pledge Agreement”) pursuant to which Pledgor (i) agreed to guarantee the payment of the Outstanding Obligated Amount and (ii) to secure its obligation to pay the Outstanding Obligated Amount, granted the Company a security interest in Pledgor’s equity interests in securities (the “Pledged Shares”) of certain privately-held issuers (the “Pledged Entities”), the certificates (if any) representing the Pledged Shares, and all dividends, distributions, cash, instruments and other property or proceeds from time to time received, receivable or otherwise distributed in respect of or in exchange for any or all of the Pledged Shares (collectively, the “Pledged Collateral”).

[PennyPusher786]

Damn i missed it... was hoping it would stay around $1 a few more days

[carusso]

Would you be willing to elaborate a bit on your Fair Value analysis?

TIA

[drumkids]

let's go!

[drumkids]

Going to blow up tomorrow big buys in after hours!

[Mr. Zen]

I hope so, this has a $3.50 fair value and deserves to be noticed.

[Atlanta1]

$APRN - sounds like bad news for the short squeeze crowd...

[cash4]

Blue Apron Holdings, Inc. (NYSE:$APRN) Sees Large Drop in Short Interest
Posted by Shane Hupp on Jan 31st, 2023



https://www.tickerreport.com/banking-finance/10072052/blue-apron-holdings-inc-nyseaprn-sees-large-drop-in-short-interest.html

Blue Apron logoBlue Apron Holdings, Inc. (NYSE:APRN – Get Rating) was the target of a large decrease in short interest in January. As of January 15th, there was short interest totalling 5,620,000 shares, a decrease of 14.1% from the December 31st total of 6,540,000 shares. Based on an average daily volume of 6,750,000 shares, the days-to-cover ratio is presently 0.8 days. Approximately 43.8% of the shares of the company are short sold.

Insider Buying and Selling at Blue Apron
In other Blue Apron news, major shareholder Joseph N. Sanberg sold 96,970 shares of the company’s stock in a transaction that occurred on Tuesday, November 22nd. The shares were sold at an average price of $1.07, for a total transaction of $103,757.90. Following the transaction, the insider now owns 6,622,956 shares in the company, valued at approximately $7,086,562.92. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. In the last quarter, insiders have sold 114,500 shares of company stock worth $121,639. 1.20% of the stock is owned by corporate insiders.

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Hedge Funds Weigh In On Blue Apron
Several hedge funds and other institutional investors have recently added to or reduced their stakes in APRN. Price T Rowe Associates Inc. MD purchased a new position in Blue Apron during the second quarter valued at $52,000. Walleye Capital LLC purchased a new position in Blue Apron during the first quarter valued at $67,000. Engineers Gate Manager LP purchased a new position in Blue Apron during the third quarter valued at $104,000. Raymond James Trust N.A. acquired a new stake in shares of Blue Apron in the first quarter valued at about $105,000. Finally, Great Valley Advisor Group Inc. acquired a new stake in shares of Blue Apron in the second quarter valued at about $106,000.

Blue Apron Stock Performance
Shares of NYSE APRN opened at $1.01 on Tuesday. The company’s fifty day moving average price is $0.88 and its 200 day moving average price is $2.72. Blue Apron has a 1 year low of $0.61 and a 1 year high of $8.58. The company has a market capitalization of $39.98 million, a PE ratio of -0.29 and a beta of -2.95. The company has a debt-to-equity ratio of 2.23, a quick ratio of 0.60 and a current ratio of 0.98.
Blue Apron (NYSE:APRN – Get Rating) last announced its quarterly earnings results on Monday, November 7th. The company reported ($0.74) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.55) by ($0.19). Blue Apron had a negative return on equity of 213.15% and a negative net margin of 24.80%. The firm had revenue of $109.67 million for the quarter, compared to analysts’ expectations of $110.40 million. On average, research analysts predict that Blue Apron will post -3.17 earnings per share for the current year.

Wall Street Analysts Forecast Growth
Several analysts have recently commented on APRN shares. Lake Street Capital downgraded shares of Blue Apron from a “buy” rating to a “hold” rating and dropped their price objective for the company from $4.00 to $2.00 in a report on Friday, December 9th. Canaccord Genuity Group reaffirmed a “hold” rating and issued a $7.00 price objective (down from $10.00) on shares of Blue Apron in a report on Monday, November 7th. Benchmark dropped their price objective on shares of Blue Apron to $5.00 in a report on Tuesday, November 15th. Finally, Canaccord Genuity Group downgraded shares of Blue Apron from a “buy” rating to a “hold” rating and dropped their price objective for the company from $10.00 to $7.00 in a report on Monday, November 7th.

Blue Apron Company Profile
(Get Rating)

Blue Apron Holdings, Inc operates as an ingredient-and-recipe meal kit service company. engages in making home cooking accessible. The firm is involved in demand planning, recipe creation, recipe merchandising, and marketing. Its products include meals and wine. The company was founded by Matthew J. Wadiak, Ilia M.

[cash4]

The most mentioned stock in WSB and Reddit with 43% shorts and no movement whatsoever, sad, this stock could squeeze to $20 in one day with just a little pressure.

[Mr. Zen]

Thanks for that, I was signature number 476, good companies being forced to delist from the NASDAQ over naked shorting should be unconstitutional.

The public market place is the engine that drives the economy, we cannot afford to have our economy erode any more than it already has.

The OTC is currently taking more foreign companies into it's system than American companies on a ratio of about 5 to 1, this cannot continue.

End of Rant.

[cash4]

BLUE Apron (APRN) Stock Fans Push for CEO to Tackle ‘Naked Short Selling’
All aboard the naked short selling investigation train

5d ago · By Eddie Pan, InvestorPlace Assistant News Writer

https://investorplace.com/2023/01/blue-apron-aprn-stock-fans-push-for-ceo-to-tackle-naked-short-selling/

Blue Apron (APRN) shareholders have drafted a petition to investigate naked short selling.
The petition currently has over 500 signatures.
Shares of APRN stock are up by about 2%.
BUY ALERT: !!!
APRN stock - BLUE Apron (APRN) Stock Fans Push for CEO to Tackle ‘Naked Short Selling’



The recent crusade against potential market manipulation began after Genius Group (NYSEMKT:GNS) announced that it had formed an “Illegal Trading Task Force” to investigate naked short selling. Following the announcement, shares of GNS accelerated higher by over 250%.

It appears that other companies were taking notes. Shortly after the announcement, Helbiz (NASDAQ:HLBZ) CEO Salvatore Palella announced a similar plan of action to investigate naked short selling, which drove shares of HLBZ higher.

Now, shareholders of Blue Apron (NYSE:APRN) have taken it upon themselves to draft a petition against naked short selling. At the time of writing, the petition had over 500 signatures.

APRN Stock Holders Call For Naked Short Selling Investigation
The petition asks CEO Linda Findley to investigate naked short selling, which is “damaging our investment.” In the comments section of the petition, shareholders are confident that something fishy is going on with APRN stock.

Naked short selling occurs when a short seller does not own all or any of the shares at the time of settlement, which results in a concept known as failure to deliver (FTD). This can result in the creation of phantom shares, which could lower the price of a stock due to dilution.

5 STOCKS THAT COULD DOUBLE OR TRIPLE IN THE MONTHS AHEAD


According to Fintel, a total of 2.42 million shares failed to be delivered last month. FTD was relatively high during late September and early October.

The Securities and Exchange Commission (SEC) notes that naked short selling is “not necessarily a violation of the federal securities laws or the Commission’s rules,” and in some instances, contributes to market liquidity. In addition, retail investors cannot enact FTD scenarios, although market makers and broker-dealers can.

Meanwhile, shares of APRN stock have declined by over 80% in the past year. The big question is whether that decline is attributed to company health or market manipulation.

During Q3, Blue Apron reported revenue of $109.7 million, which was flat year-over-year and down 11.7% quarter-over-quarter. The average customer order value tallied in at $70.83, a record high and up 13.7% YOY. Furthermore, the company also flagged a going concern risk in the event that a private placement of $56.5 million from RJB Partners is not received. In Dec., Blue Apron received $1 million from the private placement, which resulted in the issuance of 176,991 shares.

[Mr. Zen]

Fundamentally it should be much higher, naked shorts are 45% of daily volume (as of the other day) Remains to be seen, I see it as a good value right now but shorts are fat with cash and many stocks are being held back. I would predict that by years end we are at $4.00 or better

[Arnold25764]

This thing gonna keep falling and falling?

[0210]

Perspective: Why/How APRN is under attack by NSS criminals(?), and what-to-do, including data/trades-to-watch closely. Check this 30-minute video link. fyi, enjoy.

[carusso]

In fact, Rising since December...

[carusso]

Agree

[Atlanta1]

no it doesn't. it's range bound.

[Arnold25764]

This stock just keeps dropping and dropping.

[pinkslipjunkie]

LOL...don't know why that amused me but it did.

[buccaneer1961]

CARJOCKY?

[Mr. Zen]

Just caught a rumor of news tomorrow from a totally unreliable source.

I don't know why I even mentioned it, wishful thinking I guess.

[Mr. Zen]

It should be at about $4.50 to $5.50 per share according to my crystal ball. However short sellers have fat wallets right now and are in control of this stock (temporarily)

When it goes it should be an impressive run.

[0210]

FWIW: closed $1.07 on 150% 65-dmav. $43m MC over $440m annual revs = @0.10x Mkt Price/Annual Sales(P/S) vs. normal of 1 up to 10x P/S ratios... 10-bagger or P/S of 1.. Impressive price/volume action since early 2023.

Stocks Under $5 That Could Soar: Blue Apron (APRN)
"Meal kit maker Blue Apron (NYSE:APRN) went public at $10 per share in mid-2017. It’s been nothing but downhill ever since for APRN stock. Competition stiffened up. Growth stalled out. The whole meal kit market was hit by demand headwinds. Overall, Blue Apron failed to grow in a way that satisfied investors, and APRN stock had dropped under $1 by late 2018.

But Blue Apron shares have been injected with some life over the past few months as signs have emerged that a huge turnaround may be around the corner. Specifically, Blue Apron announced a big meal-kit partnership with Weight Watchers (NYSE:WTW), which management said would stabilize the customer base without the company having to spend big on marketing. Shortly thereafter, management said that WTW deal was seeing higher-than-expected demand, and that Blue Apron would be adjusted EBITDA profitable in Q1 and fiscal 2019.

The dots here aren’t hard to connect. Essentially, it appears that Blue Apron may be carving out a weight-loss niche for itself in the hyper-competitive meal kit marketplace with its Weight Watchers partnership. If so, growth will stabilize over the next several years without big expense growth, margins will improve, and profitability will become a real possibility."

[Mr. Zen]

Blue Apron hit an upwards weekly price breakout.
7 minutes ago -

APRN triggered a breakout alert.

[trades2win]

She looks ready for a run here…..

[berdboy]

SADLY THAT NEVER HAPPENS

[buccaneer1961]

Hopefully he does it soon and burns them...did he give a timeframe?

[Mr. Zen]

Yes and he has committed to it, and the company is worth that with the potential it has.

I am not a fan of short sellers, personally I think short selling should be banned from the market, they have brought down great companies, not sure what lumber warehouse is doing now but it was shorted unmercifully

[buccaneer1961]

Isn't that guy going to buy millions at 5.65?

[berdboy]

AND THEY DID IT..

[carusso]

Sorry I have no PM ability here...

May we RISE!!!

[Mr. Zen]

The shorters are trying to keep this under $1 per share closing price so it gets booted off the NASDAQ in hopes that the price will drop on the OTC. This company has already been given one notice of non compliance by the NASDAQ.

Pathetic oversight on American businesses ............ The rules have to change.

[Arnold25764]

Any upcoming catalyst here?

[carusso]

“Shorted 50.11%”

May their heads get handed to them on a silver tray...