U.S. Auto Parts Network (NASDAQ:PRTS) was upgraded by analysts at ValuEngine from a "hold" rating to a "buy" rating in a report issued on Monday, ValuEngine reports.
Other equities research analysts have also issued reports about the company. Zacks Investment Research lowered U.S. Auto Parts Network from a "buy" rating to a "hold" rating in a research note on Saturday. Barrington Research increased their price target on U.S. Auto Parts Network from $5.00 to $10.00 and gave the stock an "outperform" rating in a research note on Tuesday, May 12th.
Shares of NASDAQ:PRTS traded down $0.05 during midday trading on Monday, hitting $13.70. The company had a trading volume of 990,036 shares, compared to its average volume of 607,929. The company has a debt-to-equity ratio of 1.10, a current ratio of 1.05 and a quick ratio of 0.32. The company has a market cap of $532.79 million, a price-to-earnings ratio of -16.91 and a beta of 2.75. U.S. Auto Parts Network has a 12-month low of $1.01 and a 12-month high of $14.79. The company has a fifty day moving average of $10.50 and a two-hundred day moving average of $5.17.
U.S. Auto Parts Network (NASDAQ:PRTS) last posted its quarterly earnings data on Wednesday, May 6th. The specialty retailer reported ($0.03) EPS for the quarter. The company had revenue of $87.82 million during the quarter, compared to analysts' expectations of $85.95 million. U.S. Auto Parts Network had a negative return on equity of 116.39% and a negative net margin of 9.86%. Research analysts expect that U.S. Auto Parts Network will post -0.1 earnings per share for the current fiscal year.
In other U.S. Auto Parts Network news, VP Alfredo Gomez purchased 5,000 shares of the business's stock in a transaction on Thursday, May 28th. The stock was acquired at an average price of $5.99 per share, for a total transaction of $29,950.00. Following the purchase, the vice president now owns 116,483 shares of the company's stock, valued at approximately $697,733.17. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, major shareholder David Kanen sold 199,400 shares of the stock in a transaction dated Monday, June 29th. The shares were sold at an average price of $8.87, for a total transaction of $1,768,678.00. The disclosure for this sale can be found here. In the last quarter, insiders acquired 17,750 shares of company stock valued at $111,460 and sold 1,935,211 shares valued at $16,845,594. Corporate insiders own 46.10% of the company's stock.
Institutional investors and hedge funds have recently added to or reduced their stakes in the business. UBS Group AG purchased a new position in shares of U.S. Auto Parts Network during the second quarter worth approximately $77,000. Stratos Wealth Partners LTD. purchased a new position in U.S. Auto Parts Network during the second quarter valued at approximately $87,000. SG Americas Securities LLC acquired a new stake in U.S. Auto Parts Network in the second quarter valued at approximately $100,000. Geode Capital Management LLC boosted its stake in U.S. Auto Parts Network by 11.0% in the fourth quarter. Geode Capital Management LLC now owns 120,236 shares of the specialty retailer's stock valued at $264,000 after acquiring an additional 11,942 shares in the last quarter. Finally, Strs Ohio acquired a new stake in U.S. Auto Parts Network in the second quarter valued at approximately $489,000. 28.90% of the stock is owned by institutional investors and hedge funds.
About U.S. Auto Parts Network
U.S. Auto Parts Network, Inc, together with its subsidiaries, operates as an online provider of aftermarket auto parts and accessories primarily in the United States and the Philippines. It offers collision parts, such as parts for the exterior of an automobile; mirror products; engine parts comprising engine and chassis components, as well as other mechanical and electrical parts; and performance parts and accessories to individual consumers through its network of e-commerce Websites and online marketplaces.
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