U.S. Auto Parts Network, Inc. (PRTS) Receives Consensus Rating of “Strong Buy” from Analysts

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

Brokers have set a one year consensus target price of $3.00 for the company and are anticipating that the company will post ($0.01) EPS for the current quarter, according to Zacks. Zacks has also given U.S. Auto Parts Network an industry rank of 29 out of 265 based on the ratings given to related companies.

Separately, ValuEngine cut shares of U.S. Auto Parts Network from a “hold” rating to a “sell” rating in a report on Sunday, December 31st.

U.S. Auto Parts Network (PRTS) traded up $0.04 during trading on Wednesday, reaching $2.23. 55,500 shares of the company’s stock traded hands, compared to its average volume of 73,382. The company has a market cap of $77.81, a PE ratio of 3.38 and a beta of 1.20. The company has a debt-to-equity ratio of 0.20, a quick ratio of 0.25 and a current ratio of 1.29. U.S. Auto Parts Network has a 52-week low of $2.01 and a 52-week high of $4.13.

Several institutional investors and hedge funds have recently made changes to their positions in the company. North Star Investment Management Corp. increased its holdings in shares of U.S. Auto Parts Network by 34.4% during the fourth quarter. North Star Investment Management Corp. now owns 1,122,140 shares of the specialty retailer’s stock worth $2,828,000 after purchasing an additional 287,415 shares during the period. Archon Capital Management LLC increased its holdings in shares of U.S. Auto Parts Network by 74.9% during the third quarter. Archon Capital Management LLC now owns 1,025,630 shares of the specialty retailer’s stock worth $2,964,000 after purchasing an additional 439,092 shares during the period. Russell Investments Group Ltd. increased its holdings in shares of U.S. Auto Parts Network by 19.4% during the third quarter. Russell Investments Group Ltd. now owns 1,006,159 shares of the specialty retailer’s stock worth $2,907,000 after purchasing an additional 163,828 shares during the period. Dimensional Fund Advisors LP increased its holdings in shares of U.S. Auto Parts Network by 17.2% during the third quarter. Dimensional Fund Advisors LP now owns 849,141 shares of the specialty retailer’s stock worth $2,454,000 after purchasing an additional 124,511 shares during the period. Finally, Vanguard Group Inc. increased its holdings in shares of U.S. Auto Parts Network by 8.7% during the second quarter. Vanguard Group Inc. now owns 540,646 shares of the specialty retailer’s stock worth $1,746,000 after purchasing an additional 43,193 shares during the period. 61.66% of the stock is currently owned by institutional investors.

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U.S. Auto Parts Network Company Profile

U.S. Auto Parts Network, Inc is an online provider of 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. The Company operates through two segments: Base USAP, which is an auto parts business, and AutoMD, an online automotive repair source.

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