U.S. Auto Parts Network, Inc. (NASDAQ:PRTS) major shareholder Mehran Nia acquired 90,107 shares of the stock in a transaction on Tuesday, May 21st. The stock was bought at an average price of $0.98 per share, with a total value of $88,304.86. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this link. Major shareholders that own 10% or more of a company’s shares are required to disclose their sales and purchases with the SEC.

Mehran Nia also recently made the following trade(s):

  • On Friday, May 17th, Mehran Nia acquired 89,237 shares of U.S. Auto Parts Network stock. The stock was bought at an average price of $0.98 per share, with a total value of $87,452.26.

PRTS opened at $0.98 on Thursday. The company has a quick ratio of 0.24, a current ratio of 1.09 and a debt-to-equity ratio of 0.23. The stock has a market capitalization of $35.52 million, a price-to-earnings ratio of -7.00 and a beta of 1.45. U.S. Auto Parts Network, Inc. has a 1-year low of $0.88 and a 1-year high of $1.81.

U.S. Auto Parts Network (NASDAQ:PRTS) last issued its earnings results on Thursday, May 9th. The specialty retailer reported ($0.10) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.05) by ($0.05). The business had revenue of $74.74 million during the quarter, compared to the consensus estimate of $77.60 million. U.S. Auto Parts Network had a negative net margin of 2.84% and a negative return on equity of 20.27%. As a group, equities research analysts forecast that U.S. Auto Parts Network, Inc. will post -0.21 EPS for the current year.

Several research firms have weighed in on PRTS. Zacks Investment Research upgraded shares of U.S. Auto Parts Network from a “sell” rating to a “hold” rating in a research report on Tuesday, May 14th. Barrington Research set a $5.00 price objective on shares of U.S. Auto Parts Network and gave the company a “buy” rating in a research report on Friday, May 10th. Finally, ValuEngine cut shares of U.S. Auto Parts Network from a “hold” rating to a “sell” rating in a research report on Wednesday, May 1st.

Several hedge funds and other institutional investors have recently modified their holdings of the company. Vanguard Group Inc boosted its stake in shares of U.S. Auto Parts Network by 2.3% in the 3rd quarter. Vanguard Group Inc now owns 885,653 shares of the specialty retailer’s stock valued at $1,373,000 after purchasing an additional 20,136 shares during the last quarter. Renaissance Technologies LLC boosted its stake in shares of 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 purchasing an additional 35,600 shares during the last quarter. S. Muoio & CO. LLC bought a new position in shares of U.S. Auto Parts Network in the 4th quarter valued at about $46,000. North Star Investment Management Corp. boosted its stake in shares of 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 purchasing an additional 154,051 shares during the last quarter. Finally, B. Riley Financial Inc. bought a new position in shares of U.S. Auto Parts Network in the 4th quarter valued at about $168,000. 27.29% 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, 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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Insider Buying and Selling by Quarter for U.S. Auto Parts Network (NASDAQ:PRTS)

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