Sanjiv Gomes Purchases 26,532 Shares of U.S. Auto Parts Network, Inc. (NASDAQ:PRTS) Stock

U.S. Auto Parts Network, Inc. (NASDAQ:PRTS) insider Sanjiv Gomes acquired 26,532 shares of the company’s stock in a transaction on Tuesday, June 4th. The stock was acquired at an average price of $1.03 per share, with a total value of $27,327.96. Following the purchase, the insider now directly owns 63,604 shares in the company, valued at $65,512.12. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website.

PRTS traded up $0.04 during trading on Friday, reaching $1.25. 265,298 shares of the company’s stock were exchanged, compared to its average volume of 125,862. The stock has a fifty day moving average price of $1.08. The company has a quick ratio of 0.24, a current ratio of 1.09 and a debt-to-equity ratio of 0.23. U.S. Auto Parts Network, Inc. has a one year low of $0.88 and a one year high of $1.80. The stock has a market capitalization of $42.98 million, a PE ratio of -8.93 and a beta of 1.29.

U.S. Auto Parts Network (NASDAQ:PRTS) last posted its quarterly earnings data 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). U.S. Auto Parts Network had a negative net margin of 2.84% and a negative return on equity of 20.27%. The firm had revenue of $74.74 million during the quarter, compared to the consensus estimate of $77.60 million. As a group, equities research analysts anticipate that U.S. Auto Parts Network, Inc. will post -0.21 earnings per share for the current year.

Several analysts have weighed in on PRTS shares. Barrington Research set a $5.00 price objective on shares of U.S. Auto Parts Network and gave the stock a “buy” rating in a research note on Friday, May 10th. 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. Finally, ValuEngine lowered shares of U.S. Auto Parts Network from a “hold” rating to a “sell” rating in a report on Wednesday, May 8th.

Several institutional investors have recently added to or reduced their stakes in PRTS. Vanguard Group Inc raised its position in U.S. Auto Parts Network by 2.3% during the third 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 in the last quarter. S. Muoio & CO. LLC purchased a new position in U.S. Auto Parts Network during the fourth quarter valued at approximately $46,000. B. Riley Financial Inc. purchased a new position in U.S. Auto Parts Network during the fourth quarter valued at approximately $168,000. 22NW LP purchased a new position in U.S. Auto Parts Network during the fourth quarter valued at approximately $395,000. Finally, North Star Investment Management Corp. raised its position in U.S. Auto Parts Network by 8.6% during the first quarter. North Star Investment Management Corp. now owns 1,940,736 shares of the specialty retailer’s stock valued at $1,960,000 after acquiring an additional 154,051 shares in the last quarter. Institutional investors own 26.72% of the company’s stock.

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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