CarParts.com (NASDAQ:PRTS) Cut to Sell at StockNews.com

CarParts.com (NASDAQ:PRTSGet Free Report) was downgraded by stock analysts at StockNews.com from a “hold” rating to a “sell” rating in a research report issued to clients and investors on Monday.

Separately, Craig Hallum upgraded CarParts.com from a “hold” rating to a “buy” rating and set a $3.00 target price on the stock in a research report on Thursday, March 6th.

Check Out Our Latest Research Report on CarParts.com

CarParts.com Price Performance

Shares of NASDAQ:PRTS traded up $0.13 during trading on Monday, hitting $1.09. 830,766 shares of the stock were exchanged, compared to its average volume of 711,104. The company has a market cap of $62.57 million, a PE ratio of -2.02 and a beta of 2.11. The company has a current ratio of 1.62, a quick ratio of 0.57 and a debt-to-equity ratio of 0.10. The company has a fifty day moving average price of $1.11 and a two-hundred day moving average price of $0.99. CarParts.com has a 12-month low of $0.68 and a 12-month high of $1.68.

Institutional Trading of CarParts.com

Several institutional investors and hedge funds have recently modified their holdings of the business. Thompson Davis & CO. Inc. acquired a new position in shares of CarParts.com during the 4th quarter worth approximately $27,000. Raymond James Financial Inc. acquired a new position in shares of CarParts.com in the fourth quarter worth $39,000. Squarepoint Ops LLC acquired a new position in shares of CarParts.com in the fourth quarter worth $71,000. XTX Topco Ltd lifted its position in shares of CarParts.com by 14.9% in the third quarter. XTX Topco Ltd now owns 78,917 shares of the specialty retailer’s stock valued at $72,000 after acquiring an additional 10,230 shares in the last quarter. Finally, Northern Trust Corp boosted its stake in shares of CarParts.com by 8.6% during the fourth quarter. Northern Trust Corp now owns 138,525 shares of the specialty retailer’s stock valued at $150,000 after acquiring an additional 10,954 shares during the last quarter. Hedge funds and other institutional investors own 75.30% of the company’s stock.

About CarParts.com

(Get Free Report)

CarParts.com, Inc, together with its subsidiaries, operates as an online provider of aftermarket auto parts and accessories in the United States and the Philippines. It offers replacement parts, such as parts for the exterior of an automobile; mirror products; engine and chassis components, as well as other mechanical and electrical parts; and performance parts and accessories.

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