U.S. Auto Parts Network, Inc. (PRTS) Given Average Rating of “Strong Buy” by Analysts

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

Brokers have set a 12 month consensus target price of $4.50 for the company and are predicting that the company will post ($0.05) earnings per share for the current quarter, according to Zacks. Zacks has also assigned U.S. Auto Parts Network an industry rank of 22 out of 255 based on the ratings given to related companies.

A number of research analysts have recently weighed in on the stock. Zacks Investment Research raised shares of U.S. Auto Parts Network from a “sell” rating to a “hold” rating in a research report on Wednesday. ValuEngine raised shares of U.S. Auto Parts Network from a “sell” rating to a “hold” rating in a research report on Wednesday, January 2nd. Finally, Barrington Research set a $5.00 target price on shares of U.S. Auto Parts Network and gave the company a “buy” rating in a research report on Tuesday, March 5th.

Institutional investors have recently added to or reduced their stakes in the company. S. Muoio & CO. LLC bought a new position in shares of U.S. Auto Parts Network during the 4th quarter valued at approximately $46,000. B. Riley Financial Inc. bought a new position in shares of U.S. Auto Parts Network during the 4th quarter valued at approximately $168,000. 22NW LP bought a new position in shares of U.S. Auto Parts Network during the 4th quarter valued at approximately $395,000. Vanguard Group Inc grew its position in shares of U.S. Auto Parts Network by 2.3% during the 3rd quarter. Vanguard Group Inc now owns 885,653 shares of the specialty retailer’s stock valued at $1,373,000 after acquiring an additional 20,136 shares during the period. Finally, North Star Investment Management Corp. grew its position in shares of U.S. Auto Parts Network by 3.1% during the 4th quarter. North Star Investment Management Corp. now owns 1,786,685 shares of the specialty retailer’s stock valued at $1,626,000 after acquiring an additional 53,350 shares during the period. 29.54% of the stock is owned by hedge funds and other institutional investors.

NASDAQ:PRTS opened at $1.04 on Tuesday. The company has a quick ratio of 0.19, a current ratio of 1.22 and a debt-to-equity ratio of 0.22. The stock has a market capitalization of $36.83 million, a price-to-earnings ratio of -7.39 and a beta of 1.46. U.S. Auto Parts Network has a 52 week low of $0.88 and a 52 week high of $2.19.

U.S. Auto Parts Network (NASDAQ:PRTS) last posted its quarterly earnings data on Thursday, March 7th. The specialty retailer reported ($0.13) EPS for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.01) by ($0.12). The firm had revenue of $64.65 million during the quarter, compared to analysts’ expectations of $61.67 million. U.S. Auto Parts Network had a negative net margin of 1.31% and a negative return on equity of 9.20%. Equities analysts forecast that U.S. Auto Parts Network will post -0.14 earnings per share for the current year.

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.

Featured Story: What are CEFs?

Get a free copy of the Zacks research report on U.S. Auto Parts Network (PRTS)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

Receive News & Ratings for U.S. Auto Parts Network Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for U.S. Auto Parts Network and related companies with MarketBeat.com's FREE daily email newsletter.