Barrington Research Reiterates Outperform Rating for Liquidity Services (NASDAQ:LQDT)

Liquidity Services (NASDAQ:LQDT)‘s stock had its “outperform” rating reissued by equities research analysts at Barrington Research in a research note issued on Wednesday,Benzinga reports. They currently have a $40.00 target price on the business services provider’s stock. Barrington Research’s price objective points to a potential upside of 29.45% from the stock’s previous close.

LQDT has been the subject of a number of other research reports. StockNews.com downgraded shares of Liquidity Services from a “strong-buy” rating to a “buy” rating in a report on Tuesday, March 4th. Craig Hallum boosted their price objective on shares of Liquidity Services from $28.00 to $37.00 and gave the company a “buy” rating in a report on Friday, December 13th.

Liquidity Services Stock Performance

Shares of LQDT stock opened at $30.90 on Wednesday. The company has a market capitalization of $959.11 million, a price-to-earnings ratio of 41.20 and a beta of 1.26. The company has a 50-day simple moving average of $33.57 and a 200 day simple moving average of $28.17. Liquidity Services has a 52 week low of $16.79 and a 52 week high of $39.72.

Liquidity Services (NASDAQ:LQDT) last posted its quarterly earnings data on Thursday, February 6th. The business services provider reported $0.28 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.22 by $0.06. Liquidity Services had a net margin of 6.37% and a return on equity of 20.94%.

Insider Transactions at Liquidity Services

In other news, SVP Steven Weiskircher sold 10,815 shares of the firm’s stock in a transaction on Monday, February 10th. The shares were sold at an average price of $33.99, for a total transaction of $367,601.85. Following the completion of the transaction, the senior vice president now owns 58,401 shares of the company’s stock, valued at approximately $1,985,049.99. This trade represents a 15.63 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Beatriz V. Infante sold 5,000 shares of Liquidity Services stock in a transaction on Thursday, February 20th. The stock was sold at an average price of $35.36, for a total transaction of $176,800.00. Following the transaction, the director now directly owns 82,990 shares of the company’s stock, valued at $2,934,526.40. This represents a 5.68 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 72,658 shares of company stock valued at $2,508,408. Company insiders own 28.40% of the company’s stock.

Hedge Funds Weigh In On Liquidity Services

A number of hedge funds have recently bought and sold shares of LQDT. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its holdings in Liquidity Services by 25.5% in the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 71,511 shares of the business services provider’s stock worth $2,309,000 after purchasing an additional 14,542 shares during the period. Squarepoint Ops LLC acquired a new stake in Liquidity Services in the fourth quarter worth $317,000. Two Sigma Advisers LP grew its holdings in Liquidity Services by 48.4% in the fourth quarter. Two Sigma Advisers LP now owns 69,300 shares of the business services provider’s stock worth $2,238,000 after purchasing an additional 22,600 shares during the period. Two Sigma Investments LP grew its holdings in Liquidity Services by 108.1% in the fourth quarter. Two Sigma Investments LP now owns 98,014 shares of the business services provider’s stock worth $3,165,000 after purchasing an additional 50,925 shares during the period. Finally, Tidal Investments LLC grew its holdings in Liquidity Services by 13.6% in the fourth quarter. Tidal Investments LLC now owns 40,415 shares of the business services provider’s stock worth $1,305,000 after purchasing an additional 4,849 shares during the period. Institutional investors own 71.15% of the company’s stock.

About Liquidity Services

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.