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 report issued on Monday morning.

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

CarParts.com Trading Up 13.5 %

Shares of PRTS opened at $1.09 on Monday. 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 firm has a 50-day moving average price of $1.11 and a 200 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. The firm has a market capitalization of $62.57 million, a P/E ratio of -2.02 and a beta of 2.11.

Institutional Inflows and Outflows

Several hedge funds have recently bought and sold shares of PRTS. FMR LLC raised its stake in shares of CarParts.com by 26.6% in the 3rd quarter. FMR LLC now owns 426,441 shares of the specialty retailer’s stock valued at $386,000 after acquiring an additional 89,645 shares during the period. XTX Topco Ltd increased its holdings in CarParts.com by 14.9% in the 3rd quarter. XTX Topco Ltd now owns 78,917 shares of the specialty retailer’s stock valued at $72,000 after purchasing an additional 10,230 shares during the last quarter. Assenagon Asset Management S.A. raised its position in CarParts.com by 145.2% in the fourth quarter. Assenagon Asset Management S.A. now owns 675,371 shares of the specialty retailer’s stock valued at $729,000 after purchasing an additional 399,901 shares during the period. Williams & Novak LLC lifted its stake in CarParts.com by 19.2% during the fourth quarter. Williams & Novak LLC now owns 151,500 shares of the specialty retailer’s stock worth $164,000 after purchasing an additional 24,400 shares in the last quarter. Finally, Thompson Davis & CO. Inc. acquired a new position in CarParts.com during the fourth quarter worth $27,000. 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.