U.S. Auto Parts Network, Inc. (PRTS) Given a $5.00 Price Target at Roth Capital

U.S. Auto Parts Network, Inc. (NASDAQ:PRTS) received a $5.00 price objective from research analysts at Roth Capital in a research report issued on Thursday, May 11th. The brokerage currently has a “buy” rating on the specialty retailer’s stock. Roth Capital’s price objective would indicate a potential upside of 61.29% from the company’s previous close.

Separately, Zacks Investment Research raised shares of U.S. Auto Parts Network from a “sell” rating to a “hold” rating in a report on Wednesday, May 3rd.

U.S. Auto Parts Network (NASDAQ:PRTS) opened at 3.10 on Thursday. The stock has a 50 day moving average of $3.36 and a 200-day moving average of $3.37. The company’s market capitalization is $106.98 million. U.S. Auto Parts Network has a 52-week low of $2.40 and a 52-week high of $4.49.

U.S. Auto Parts Network (NASDAQ:PRTS) last released its earnings results on Wednesday, May 10th. The specialty retailer reported $0.02 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.03 by $0.01. The firm had revenue of $80.80 million during the quarter, compared to analysts’ expectations of $82.34 million. U.S. Auto Parts Network had a positive return on equity of 6.07% and a negative net margin of 0.09%. U.S. Auto Parts Network’s revenue for the quarter was up .1% on a year-over-year basis. On average, equities research analysts anticipate that U.S. Auto Parts Network will post $0.09 earnings per share for the current fiscal year.

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A number of large investors have recently made changes to their positions in the stock. Globeflex Capital L P raised its stake in shares of U.S. Auto Parts Network by 17,850.9% in the first quarter. Globeflex Capital L P now owns 40,928 shares of the specialty retailer’s stock worth $137,000 after buying an additional 40,700 shares during the period. TFS Capital LLC raised its stake in shares of U.S. Auto Parts Network by 169.9% in the first quarter. TFS Capital LLC now owns 48,172 shares of the specialty retailer’s stock worth $161,000 after buying an additional 30,324 shares during the period. Blair William & Co. IL raised its stake in shares of U.S. Auto Parts Network by 5.3% in the first quarter. Blair William & Co. IL now owns 127,313 shares of the specialty retailer’s stock worth $426,000 after buying an additional 6,413 shares during the period. Spark Investment Management LLC raised its stake in shares of U.S. Auto Parts Network by 303.5% in the third quarter. Spark Investment Management LLC now owns 160,200 shares of the specialty retailer’s stock worth $527,000 after buying an additional 120,500 shares during the period. Finally, Cadence Capital Management LLC raised its stake in shares of U.S. Auto Parts Network by 2.5% in the fourth quarter. Cadence Capital Management LLC now owns 201,134 shares of the specialty retailer’s stock worth $708,000 after buying an additional 4,887 shares during the period. 63.45% of the stock is owned by institutional investors and hedge funds.

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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