CarParts.com (NASDAQ:PRTS - Get Free Report) was upgraded by investment analysts at Craig Hallum from a "hold" rating to a "buy" rating in a research note issued on Thursday, MarketBeat.com reports. The firm presently has a $3.00 price target on the specialty retailer's stock. Craig Hallum's price objective would indicate a potential upside of 167.86% from the company's previous close.
Separately, StockNews.com upgraded shares of CarParts.com from a "sell" rating to a "hold" rating in a report on Tuesday, November 12th.
Check Out Our Latest Analysis on PRTS
CarParts.com Stock Down 5.9 %
Shares of PRTS stock traded down $0.07 during mid-day trading on Thursday, reaching $1.12. 552,964 shares of the company's stock traded hands, compared to its average volume of 738,215. CarParts.com has a 12 month low of $0.68 and a 12 month high of $2.02. The company has a market cap of $64.29 million, a P/E ratio of -2.07 and a beta of 2.11. The company has a quick ratio of 0.57, a current ratio of 1.62 and a debt-to-equity ratio of 0.10. The company's 50-day moving average price is $1.12 and its 200-day moving average price is $0.98.
Hedge Funds Weigh In On CarParts.com
Several large investors have recently modified their holdings of the stock. Mackenzie Financial Corp purchased a new position in shares of CarParts.com in the 4th quarter worth about $264,000. Squarepoint Ops LLC purchased a new position in shares of CarParts.com in the 4th quarter worth about $71,000. Two Sigma Advisers LP raised its position in shares of CarParts.com by 349.2% in the 4th 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 during the last quarter. Two Sigma Investments LP raised its position in shares of CarParts.com by 46.9% in the 4th quarter. Two Sigma Investments LP now owns 358,804 shares of the specialty retailer's stock worth $388,000 after purchasing an additional 114,610 shares during the last quarter. Finally, Oaktop Capital Management II L.P. raised its position 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 worth $4,965,000 after purchasing an additional 872,117 shares during the last quarter. Hedge funds and other institutional investors own 75.30% of the company's stock.
About CarParts.com
(
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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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