U.S. Auto Parts Network, Inc. (NASDAQ:PRTS) Director David Kanen purchased 139,120 shares of U.S. Auto Parts Network stock in a transaction dated Friday, September 6th. The stock was bought at an average price of $1.44 per share, with a total value of $200,332.80. Following the completion of the purchase, the director now directly owns 173,514 shares of the company’s stock, valued at $249,860.16. The purchase was disclosed in a legal filing with the SEC, which is available through this link.

David Kanen also recently made the following trade(s):

  • On Tuesday, September 3rd, David Kanen purchased 200 shares of U.S. Auto Parts Network stock. The stock was bought at an average price of $1.40 per share, with a total value of $280.00.
  • On Thursday, August 29th, David Kanen purchased 333,000 shares of U.S. Auto Parts Network stock. The stock was bought at an average price of $1.32 per share, with a total value of $439,560.00.

Shares of PRTS traded down $0.02 on Friday, reaching $1.50. The company’s stock had a trading volume of 307,168 shares, compared to its average volume of 175,010. The company has a debt-to-equity ratio of 0.33, a current ratio of 1.07 and a quick ratio of 0.17. The stock has a market capitalization of $54.45 million, a P/E ratio of -10.71 and a beta of 1.35. The stock’s 50 day simple moving average is $1.24 and its two-hundred day simple moving average is $1.12. U.S. Auto Parts Network, Inc. has a 12-month low of $0.88 and a 12-month high of $1.80.

U.S. Auto Parts Network (NASDAQ:PRTS) last posted its quarterly earnings data on Thursday, August 8th. The specialty retailer reported ($0.04) earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of ($0.04). The company had revenue of $73.69 million for the quarter, compared to the consensus estimate of $74.66 million. U.S. Auto Parts Network had a negative net margin of 3.21% and a negative return on equity of 23.48%. Analysts expect that U.S. Auto Parts Network, Inc. will post -0.21 earnings per share for the current year.

A number of analysts have recently commented on PRTS shares. Zacks Investment Research upgraded shares of U.S. Auto Parts Network from a “hold” rating to a “buy” rating and set a $1.25 price target for the company in a research note on Saturday, August 17th. Barrington Research set a $5.00 price target on shares of U.S. Auto Parts Network and gave the stock a “buy” rating in a research note on Friday, May 10th.

Several institutional investors and hedge funds have recently bought and sold shares of PRTS. North Star Investment Management Corp. boosted its holdings in shares of U.S. Auto Parts Network by 22.0% in the second quarter. North Star Investment Management Corp. now owns 2,368,175 shares of the specialty retailer’s stock worth $2,960,000 after buying an additional 427,439 shares during the last quarter. Vanguard Group Inc. boosted its holdings in shares of U.S. Auto Parts Network by 95.1% in the second quarter. Vanguard Group Inc. now owns 505,708 shares of the specialty retailer’s stock worth $632,000 after buying an additional 246,480 shares during the last quarter. Renaissance Technologies LLC boosted its holdings in shares of U.S. Auto Parts Network by 6.5% in the second quarter. Renaissance Technologies LLC now owns 1,254,574 shares of the specialty retailer’s stock worth $1,568,000 after buying an additional 76,905 shares during the last quarter. Cutter & CO Brokerage Inc. purchased a new position in shares of U.S. Auto Parts Network in the second quarter worth approximately $57,000. Finally, Mid Atlantic Financial Management Inc. ADV boosted its holdings in shares of U.S. Auto Parts Network by 43.0% in the second quarter. Mid Atlantic Financial Management Inc. ADV now owns 61,100 shares of the specialty retailer’s stock worth $76,000 after buying an additional 18,375 shares during the last quarter. 26.30% of the stock is currently owned by institutional investors.

About U.S. Auto Parts Network

U.S. Auto Parts Network, Inc, together with its subsidiaries, operates as an online provider of aftermarket auto parts and accessories primarily in the United States and the Philippines. It offers collision parts, such as parts for the exterior of an automobile; mirror products; engine parts comprising engine and chassis components, as well as other mechanical and electrical parts; and performance parts and accessories to individual consumers through its network of e-commerce Websites and online marketplaces.

Further Reading: How do CD ladders protect against rising interest rates?

Insider Buying and Selling by Quarter for U.S. Auto Parts Network (NASDAQ:PRTS)

Receive News & Ratings for U.S. Auto Parts Network Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for U.S. Auto Parts Network and related companies with MarketBeat.com's FREE daily email newsletter.