Liquidity Services (NASDAQ:LQDT) Rating Reiterated by Barrington Research

Liquidity Services (NASDAQ:LQDT)‘s stock had its “outperform” rating restated by equities researchers at Barrington Research in a report released on Monday, Benzinga reports. They presently have a $27.00 price target on the business services provider’s stock. Barrington Research’s price objective indicates a potential upside of 48.11% from the company’s previous close.

Several other research analysts have also commented on LQDT. StockNews.com raised shares of Liquidity Services from a “buy” rating to a “strong-buy” rating in a research note on Friday, May 3rd. TheStreet cut shares of Liquidity Services from a “b-” rating to a “c+” rating in a report on Thursday, February 8th.

Liquidity Services Stock Up 1.6 %

Shares of NASDAQ:LQDT opened at $18.23 on Monday. The business’s 50 day moving average is $17.86 and its 200 day moving average is $17.99. The stock has a market cap of $560.03 million, a P/E ratio of 30.38 and a beta of 1.38. Liquidity Services has a 52-week low of $12.97 and a 52-week high of $21.10.

Liquidity Services (NASDAQ:LQDT) last issued its earnings results on Thursday, February 8th. The business services provider reported $0.14 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.16 by ($0.02). The firm had revenue of $71.33 million during the quarter. Liquidity Services had a return on equity of 17.62% and a net margin of 6.03%.

Insider Buying and Selling at Liquidity Services

In other Liquidity Services news, Director George H. Ellis sold 6,000 shares of the firm’s stock in a transaction dated Tuesday, February 27th. The stock was sold at an average price of $17.50, for a total value of $105,000.00. Following the sale, the director now directly owns 19,402 shares of the company’s stock, valued at approximately $339,535. The sale was disclosed in a filing with the SEC, which can be accessed through this link. 29.77% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Liquidity Services

Institutional investors and hedge funds have recently bought and sold shares of the business. SG Americas Securities LLC acquired a new stake in shares of Liquidity Services during the 3rd quarter valued at $162,000. Mesirow Financial Investment Management Inc. grew its position in Liquidity Services by 43.4% in the fourth quarter. Mesirow Financial Investment Management Inc. now owns 20,734 shares of the business services provider’s stock valued at $346,000 after acquiring an additional 6,277 shares during the period. Lazard Asset Management LLC increased its stake in shares of Liquidity Services by 4.8% in the third quarter. Lazard Asset Management LLC now owns 21,562 shares of the business services provider’s stock valued at $379,000 after buying an additional 980 shares in the last quarter. Boston Partners bought a new stake in shares of Liquidity Services during the third quarter worth $2,815,000. Finally, Wellington Management Group LLP grew its holdings in Liquidity Services by 7.0% during the 3rd quarter. Wellington Management Group LLP now owns 415,500 shares of the business services provider’s stock worth $7,321,000 after acquiring an additional 27,200 shares during the period. 71.15% of the stock is owned by institutional investors and hedge funds.

Liquidity Services Company Profile

Liquidity Services, Inc provides e-commerce marketplaces, self-directed auction listing tools, and value-added services in the United States and internationally. The company operates through four segments: GovDeals, Retail Supply Chain Group (RSCG), Capital Assets Group (CAG), and Machinio. Its marketplaces include liquidation.com that enable corporations to sell surplus and salvage consumer goods and retail capital assets; GovDeals marketplace, which provides self-directed service solutions in which sellers list their own assets that enables local and state government entities, and commercial businesses located in the United States and Canada to sell surplus and salvage assets; and AllSurplus, a centralized marketplace that connects global buyer base with assets from across the network of marketplaces in a single destination.