Barrington Research set a $5.00 price target on U.S. Auto Parts Network (NASDAQ:PRTS) in a research report sent to investors on Tuesday. The firm currently has a buy rating on the specialty retailer’s stock.
A number of other brokerages have also commented on PRTS. Zacks Investment Research upgraded U.S. Auto Parts Network from a hold rating to a buy rating and set a $1.00 price objective for the company in a research report on Wednesday, January 2nd. ValuEngine upgraded U.S. Auto Parts Network from a sell rating to a hold rating in a research report on Wednesday, January 2nd.
Shares of NASDAQ:PRTS opened at $1.05 on Tuesday. U.S. Auto Parts Network has a twelve month low of $0.88 and a twelve month high of $2.26. The firm has a market capitalization of $36.74 million, a PE ratio of 10.50 and a beta of 1.35. The company has a debt-to-equity ratio of 0.20, a current ratio of 1.31 and a quick ratio of 0.29.
In related news, major shareholder David Kanen sold 42,658 shares of U.S. Auto Parts Network stock in a transaction dated Monday, December 24th. The stock was sold at an average price of $0.69, for a total value of $29,434.02. Following the completion of the sale, the insider now directly owns 173,514 shares in the company, valued at $119,724.66. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Over the last quarter, insiders purchased 1,800,535 shares of company stock valued at $2,169,154 and sold 458,751 shares valued at $451,043. 24.20% of the stock is owned by company insiders.
Hedge funds have recently made changes to their positions in the stock. North Star Investment Management Corp. increased its position in U.S. Auto Parts Network by 3.1% in the fourth quarter. North Star Investment Management Corp. now owns 1,786,685 shares of the specialty retailer’s stock worth $1,626,000 after purchasing an additional 53,350 shares during the period. S. Muoio & CO. LLC acquired a new stake in U.S. Auto Parts Network in the fourth quarter worth about $46,000. Vanguard Group Inc increased its position in U.S. Auto Parts Network by 2.3% in the third quarter. Vanguard Group Inc now owns 885,653 shares of the specialty retailer’s stock worth $1,373,000 after purchasing an additional 20,136 shares during the period. 22NW LP acquired a new position in shares of U.S. Auto Parts Network during the 4th quarter worth about $395,000. Finally, B. Riley Financial Inc. acquired a new position in shares of U.S. Auto Parts Network during the 4th quarter worth about $168,000. Hedge funds and other institutional investors own 37.63% of the company’s stock.
U.S. Auto Parts Network Company Profile
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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