CarParts.com (NASDAQ:PRTS) Upgraded at Craig Hallum

Craig Hallum upgraded shares of CarParts.com (NASDAQ:PRTS) from a hold rating to a buy rating in a research report report published on Thursday, Marketbeat.com reports. They currently have $3.00 price target on the specialty retailer’s stock.

Separately, StockNews.com upgraded CarParts.com from a “sell” rating to a “hold” rating in a report on Tuesday, November 12th.

CarParts.com Trading Down 5.9 %

NASDAQ PRTS opened at $1.12 on Thursday. 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 $64.29 million, a price-to-earnings ratio of -2.07 and a beta of 2.11. The firm has a 50 day simple moving average of $1.12 and a 200-day simple moving average of $0.98. CarParts.com has a one year low of $0.68 and a one year high of $2.02.

Institutional Investors Weigh In On CarParts.com

Several institutional investors have recently modified their holdings of PRTS. Oaktop Capital Management II L.P. raised its position in shares of CarParts.com by 23.4% during 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 acquiring an additional 872,117 shares in the last quarter. GSA Capital Partners LLP increased its stake in CarParts.com by 236.5% in the third quarter. GSA Capital Partners LLP now owns 1,233,829 shares of the specialty retailer’s stock valued at $1,118,000 after purchasing an additional 867,140 shares during the last quarter. Cannell Capital LLC acquired a new stake in CarParts.com during the fourth quarter worth approximately $1,249,000. Assenagon Asset Management S.A. raised its holdings in CarParts.com by 145.2% during the fourth quarter. Assenagon Asset Management S.A. now owns 675,371 shares of the specialty retailer’s stock worth $729,000 after purchasing an additional 399,901 shares in the last quarter. Finally, Kerrisdale Advisers LLC lifted its position in shares of CarParts.com by 19.0% during the 4th quarter. Kerrisdale Advisers LLC now owns 539,257 shares of the specialty retailer’s stock worth $582,000 after buying an additional 86,004 shares during the last quarter. 75.30% of the stock is owned by hedge funds and other institutional investors.

CarParts.com Company Profile

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.