U.S. Auto Parts Network, Inc. (NASDAQ:PRTS) insider Houman Akhavan purchased 20,000 shares of the stock in a transaction on Tuesday, May 14th. The stock was bought at an average price of $1.03 per share, for a total transaction of $20,600.00. Following the completion of the transaction, the insider now directly owns 20,000 shares of the company’s stock, valued at $20,600. The acquisition was disclosed in a legal filing with the SEC, which is available at this hyperlink.
Shares of PRTS stock traded up $0.01 during trading hours on Friday, hitting $0.98. 1,000 shares of the company’s stock were exchanged, compared to its average volume of 61,349. The company has a debt-to-equity ratio of 0.23, a quick ratio of 0.19 and a current ratio of 1.09. The stock has a market capitalization of $34.81 million, a PE ratio of -6.99 and a beta of 1.45. U.S. Auto Parts Network, Inc. has a 52 week low of $0.88 and a 52 week high of $1.81.
U.S. Auto Parts Network (NASDAQ:PRTS) last announced its earnings results on Thursday, May 9th. The specialty retailer reported ($0.10) EPS for the quarter, missing the consensus estimate of ($0.05) by ($0.05). The business had revenue of $74.74 million for the quarter, compared to the consensus estimate of $77.60 million. U.S. Auto Parts Network had a negative return on equity of 20.27% and a negative net margin of 2.84%. As a group, analysts forecast that U.S. Auto Parts Network, Inc. will post -0.21 earnings per share for the current fiscal year.
Several hedge funds have recently made changes to their positions in PRTS. Vanguard Group Inc increased its holdings in shares of 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 acquiring an additional 20,136 shares in the last quarter. Renaissance Technologies LLC increased its holdings in shares of U.S. Auto Parts Network by 3.1% in the first quarter. Renaissance Technologies LLC now owns 1,177,669 shares of the specialty retailer’s stock worth $1,189,000 after acquiring an additional 35,600 shares in the last quarter. S. Muoio & CO. LLC bought a new stake in shares of U.S. Auto Parts Network in the fourth quarter worth about $46,000. North Star Investment Management Corp. increased its holdings in shares of U.S. Auto Parts Network by 8.6% in the first quarter. North Star Investment Management Corp. now owns 1,940,736 shares of the specialty retailer’s stock worth $1,960,000 after acquiring an additional 154,051 shares in the last quarter. Finally, B. Riley Financial Inc. bought a new stake in shares of U.S. Auto Parts Network in the fourth quarter worth about $168,000. Institutional investors own 28.57% of the company’s stock.
A number of brokerages have weighed in on PRTS. Zacks Investment Research upgraded U.S. Auto Parts Network from a “sell” rating to a “hold” rating in a research report on Tuesday. Barrington Research set a $5.00 price target on U.S. Auto Parts Network and gave the company a “buy” rating in a research report on Friday, May 10th. Finally, ValuEngine cut U.S. Auto Parts Network from a “hold” rating to a “sell” rating in a research report on Wednesday, May 8th.
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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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