CarParts.com, Inc. (NASDAQ:PRTS) Shares Sold by Assenagon Asset Management S.A.

Assenagon Asset Management S.A. trimmed its position in shares of CarParts.com, Inc. (NASDAQ:PRTS) by 4.1% during the first quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 647,467 shares of the specialty retailer’s stock after selling 27,904 shares during the quarter. Assenagon Asset Management S.A. owned approximately 1.11% of CarParts.com worth $647,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also made changes to their positions in PRTS. Cannell Capital LLC purchased a new stake in shares of CarParts.com in the fourth quarter valued at $1,249,000. Oaktop Capital Management II L.P. lifted its position in shares of CarParts.com by 23.4% in the fourth 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 acquiring an additional 872,117 shares in the last quarter. AMH Equity Ltd purchased a new stake in shares of CarParts.com in the fourth quarter valued at $368,000. Mackenzie Financial Corp purchased a new stake in shares of CarParts.com in the fourth quarter valued at $264,000. Finally, Manatuck Hill Partners LLC lifted its position in shares of CarParts.com by 66.7% in the fourth quarter. Manatuck Hill Partners LLC now owns 500,000 shares of the specialty retailer’s stock valued at $540,000 after acquiring an additional 200,000 shares in the last quarter. 75.30% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several analysts have recently issued reports on the company. Wall Street Zen upgraded CarParts.com from a “sell” rating to a “hold” rating in a research report on Thursday, May 22nd. Craig Hallum upgraded CarParts.com from a “hold” rating to a “buy” rating and set a $3.00 target price on the stock in a research report on Thursday, March 6th. Finally, Royal Bank Of Canada reiterated a “sector perform” rating and set a $0.80 target price on shares of CarParts.com in a research report on Wednesday, May 14th.

CarParts.com Stock Performance

NASDAQ PRTS opened at $0.81 on Thursday. The business’s 50-day moving average price is $0.86 and its 200 day moving average price is $0.98. CarParts.com, Inc. has a twelve month low of $0.68 and a twelve month high of $1.45. The company has a market capitalization of $47.25 million, a PE ratio of -0.94 and a beta of 1.18. The company has a current ratio of 1.35, a quick ratio of 0.50 and a debt-to-equity ratio of 0.11.

CarParts.com (NASDAQ:PRTS) last released its earnings results on Tuesday, May 13th. The specialty retailer reported ($0.27) earnings per share for the quarter, missing the consensus estimate of ($0.12) by ($0.15). CarParts.com had a negative return on equity of 55.04% and a negative net margin of 8.67%. The business had revenue of $147.38 million for the quarter, compared to analysts’ expectations of $146.14 million.

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.