The Brokerages give average Rating of “Strong Buy” to U.S. Auto Parts Network Inc. (PRTS)

The Brokerages give average Rating of “Strong Buy” to U.S. Auto Parts Network Inc. (PRTS)

Shares of U.S. Auto Parts Network Inc. (NASDAQ:PRTS) have been assigned an average broker rating score of 1.00 (Strong Buy) from the one analysts that provide coverage for the stock, Zacks Investment Research reports. One investment analyst has rated the stock with a strong buy rating.

Analysts have set a twelve-month consensus price objective of $4.25 for the company, according to Zacks. Zacks has also given U.S. Auto Parts Network an industry rank of 109 out of 265 based on the ratings given to its competitors.

PRTS has been the subject of a number of recent research reports. Zacks Investment Research downgraded shares of U.S. Auto Parts Network from a “buy” rating to a “hold” rating in a research note on Friday, July 29th. Roth Capital set a $4.00 price objective on shares of U.S. Auto Parts Network and gave the stock a “buy” rating in a research note on Monday, October 24th.

Shares of U.S. Auto Parts Network (NASDAQ:PRTS) opened at 3.08 on Wednesday. The stock has a market capitalization of $107.46 million, a P/E ratio of 77.00 and a beta of 1.14. The firm’s 50-day moving average price is $3.23 and its 200 day moving average price is $3.61. U.S. Auto Parts Network has a 52 week low of $2.00 and a 52 week high of $4.49.

U.S. Auto Parts Network (NASDAQ:PRTS) last posted its quarterly earnings results on Monday, August 8th. The company reported $0.03 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.01 by $0.02. U.S. Auto Parts Network had a net margin of 0.58% and a return on equity of 7.50%. The firm earned $78.10 million during the quarter, compared to the consensus estimate of $79.30 million. The company’s quarterly revenue was up 2.1% compared to the same quarter last year. Analysts expect that U.S. Auto Parts Network will post $0.07 earnings per share for the current year.

A number of institutional investors have recently modified their holdings of PRTS. Lafitte Capital Management LP increased its position in shares of U.S. Auto Parts Network by 26.1% in the first quarter. Lafitte Capital Management LP now owns 2,399,982 shares of the company’s stock worth $6,144,000 after buying an additional 496,054 shares during the last quarter. Acadian Asset Management LLC increased its position in shares of U.S. Auto Parts Network by 778.5% in the third quarter. Acadian Asset Management LLC now owns 471,173 shares of the company’s stock worth $1,551,000 after buying an additional 417,537 shares during the last quarter. EAM Investors LLC acquired a new position in shares of U.S. Auto Parts Network during the second quarter worth about $1,452,000. TFS Capital LLC acquired a new position in shares of U.S. Auto Parts Network during the second quarter worth about $479,000. Finally, KCG Holdings Inc. increased its position in shares of U.S. Auto Parts Network by 751.3% in the second quarter. KCG Holdings Inc. now owns 120,574 shares of the company’s stock worth $476,000 after buying an additional 106,411 shares during the last quarter. 58.17% of the stock is owned by institutional investors.

About U.S. Auto Parts Network

U.S. Auto Parts Network, Inc is an online source for automotive aftermarket parts and repair information. The Company is an online provider of aftermarket auto parts, including collision parts, engine parts, and performance parts and accessories. Its Websites provide a range of stock keeping units (SKUs) with detailed product descriptions and photographs.

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