CarParts.com (NASDAQ:PRTS) Lowered to “Sell” Rating by StockNews.com

StockNews.com lowered shares of CarParts.com (NASDAQ:PRTS) from a hold rating to a sell rating in a research note released on Monday morning.

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

CarParts.com Trading Up 13.5 %

NASDAQ PRTS opened at $1.09 on Monday. The company has a debt-to-equity ratio of 0.10, a quick ratio of 0.57 and a current ratio of 1.62. The firm has a market cap of $62.57 million, a price-to-earnings ratio of -2.02 and a beta of 2.11. The firm has a 50 day simple moving average of $1.11 and a 200-day simple moving average of $0.99. CarParts.com has a one year low of $0.68 and a one year high of $1.68.

Hedge Funds Weigh In On CarParts.com

Several large investors have recently bought and sold shares of PRTS. Mackenzie Financial Corp purchased a new position in shares of CarParts.com in the 4th quarter valued at about $264,000. Squarepoint Ops LLC purchased a new position in CarParts.com in the fourth quarter valued at approximately $71,000. Two Sigma Advisers LP raised its holdings in CarParts.com by 349.2% during the fourth quarter. Two Sigma Advisers LP now owns 238,100 shares of the specialty retailer’s stock worth $257,000 after purchasing an additional 185,100 shares in the last quarter. Two Sigma Investments LP lifted its position in shares of CarParts.com by 46.9% during the 4th quarter. Two Sigma Investments LP now owns 358,804 shares of the specialty retailer’s stock worth $388,000 after buying an additional 114,610 shares during the last quarter. Finally, Oaktop Capital Management II L.P. boosted its holdings in shares of CarParts.com by 23.4% in the 4th quarter. Oaktop Capital Management II L.P. now owns 4,597,302 shares of the specialty retailer’s stock valued at $4,965,000 after buying an additional 872,117 shares in the last quarter. Hedge funds and other institutional investors own 75.30% of the company’s stock.

About CarParts.com

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.