U.S. Auto Parts Network, Inc. (NASDAQ:PRTS) CEO Lev Peker acquired 89,869 shares of the stock in a transaction dated Wednesday, May 15th. The stock was bought at an average price of $1.00 per share, for a total transaction of $89,869.00. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link.
NASDAQ PRTS traded up $0.01 during trading hours on Friday, reaching $0.98. 176,291 shares of the company’s stock were exchanged, compared to its average volume of 61,349. The firm has a market cap of $34.81 million, a PE ratio of -7.00 and a beta of 1.45. U.S. Auto Parts Network, Inc. has a one year low of $0.88 and a one year high of $1.81. The company has a debt-to-equity ratio of 0.23, a current ratio of 1.09 and a quick ratio of 0.19.
U.S. Auto Parts Network (NASDAQ:PRTS) last released its quarterly earnings results on Thursday, May 9th. The specialty retailer reported ($0.10) EPS for the quarter, missing the Zacks’ 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, equities analysts expect that U.S. Auto Parts Network, Inc. will post -0.21 earnings per share for the current year.
Several equities research analysts have recently weighed in on the company. Barrington Research set a $5.00 price objective on U.S. Auto Parts Network and gave the company a “buy” rating in a research note on Tuesday, March 5th. Zacks Investment Research upgraded U.S. Auto Parts Network from a “sell” rating to a “hold” rating in a research note on Wednesday, April 10th. Finally, ValuEngine lowered U.S. Auto Parts Network from a “hold” rating to a “sell” rating in a research note on Wednesday, May 1st.
A number of institutional investors and hedge funds have recently made changes to their positions in PRTS. 22NW LP bought a new position in U.S. Auto Parts Network in the 4th quarter valued at $395,000. B. Riley Financial Inc. bought a new position in U.S. Auto Parts Network in the 4th quarter valued at $168,000. North Star Investment Management Corp. boosted its position in U.S. Auto Parts Network by 8.6% in the 1st quarter. North Star Investment Management Corp. now owns 1,940,736 shares of the specialty retailer’s stock valued at $1,960,000 after buying an additional 154,051 shares during the last quarter. S. Muoio & CO. LLC bought a new position in U.S. Auto Parts Network in the 4th quarter valued at $46,000. Finally, Renaissance Technologies LLC boosted its position in U.S. Auto Parts Network by 3.1% in the 1st quarter. Renaissance Technologies LLC now owns 1,177,669 shares of the specialty retailer’s stock valued at $1,189,000 after buying an additional 35,600 shares during the last quarter. Hedge funds and other institutional investors own 28.57% of the company’s stock.
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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