Liquidity Services (NASDAQ:LQDT) Rating Lowered to Buy at StockNews.com

StockNews.com lowered shares of Liquidity Services (NASDAQ:LQDT) from a strong-buy rating to a buy rating in a report released on Friday.

A number of other equities research analysts have also recently issued reports on LQDT. Craig Hallum upped their price objective on Liquidity Services from $28.00 to $37.00 and gave the stock a “buy” rating in a research note on Friday, December 13th. Barrington Research reaffirmed an “outperform” rating and set a $40.00 price target on shares of Liquidity Services in a research report on Monday, February 3rd.

Liquidity Services Trading Down 1.2 %

Shares of LQDT stock opened at $32.71 on Friday. The firm’s fifty day moving average price is $32.32 and its two-hundred day moving average price is $25.98. Liquidity Services has a 1 year low of $13.99 and a 1 year high of $39.72. The firm has a market capitalization of $1.01 billion, a P/E ratio of 51.92 and a beta of 1.36.

Liquidity Services (NASDAQ:LQDT) last announced its quarterly earnings data on Thursday, February 6th. The business services provider reported $0.28 earnings per share for the quarter, beating the consensus estimate of $0.22 by $0.06. Liquidity Services had a return on equity of 18.99% and a net margin of 5.50%.

Insider Buying and Selling at Liquidity Services

In other Liquidity Services news, CFO Jorge Celaya sold 16,540 shares of Liquidity Services stock in a transaction on Monday, December 16th. The shares were sold at an average price of $34.10, for a total transaction of $564,014.00. Following the completion of the transaction, the chief financial officer now directly owns 33,608 shares of the company’s stock, valued at $1,146,032.80. The trade was a 32.98 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Jaime Mateus-Tique sold 50,000 shares of the stock in a transaction dated Monday, December 16th. The shares were sold at an average price of $33.22, for a total transaction of $1,661,000.00. Following the completion of the transaction, the director now directly owns 103,660 shares in the company, valued at $3,443,585.20. The trade was a 32.54 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 101,668 shares of company stock worth $3,331,558 over the last 90 days. Company insiders own 28.40% of the company’s stock.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Pacer Advisors Inc. lifted its position in Liquidity Services by 9.5% during the third quarter. Pacer Advisors Inc. now owns 881,234 shares of the business services provider’s stock worth $20,092,000 after acquiring an additional 76,794 shares during the last quarter. State Street Corp lifted its holdings in Liquidity Services by 1.7% during the 3rd quarter. State Street Corp now owns 852,306 shares of the business services provider’s stock worth $19,433,000 after purchasing an additional 13,947 shares during the last quarter. Geode Capital Management LLC boosted its stake in Liquidity Services by 0.5% in the 3rd quarter. Geode Capital Management LLC now owns 515,584 shares of the business services provider’s stock valued at $11,757,000 after purchasing an additional 2,392 shares during the period. Rice Hall James & Associates LLC boosted its stake in Liquidity Services by 1.3% in the 3rd quarter. Rice Hall James & Associates LLC now owns 367,302 shares of the business services provider’s stock valued at $8,374,000 after purchasing an additional 4,838 shares during the period. Finally, Assenagon Asset Management S.A. grew its holdings in Liquidity Services by 4.9% in the 3rd quarter. Assenagon Asset Management S.A. now owns 237,725 shares of the business services provider’s stock valued at $5,420,000 after buying an additional 11,022 shares in the last quarter. Institutional investors and hedge funds 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.