Liquidity Services (LQDT) Rating Reiterated by Barrington Research

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Barrington Research reissued their buy rating on shares of Liquidity Services (NASDAQ:LQDT) in a research note released on Monday. The brokerage currently has a $10.00 price target on the business services provider’s stock.

“We are maintaining our OUTPERFORM investment rating and $10 price target. Services, Inc. engages in the provision of e-commerce solutions to manage, value, and sell inventory and equipment for business and government clients. It operates through the following business segments: Chain Group. The GovDeals provides self-service solutions in which sellers list their own assets, and it consist of marketplaces that enable local and state government entities to sell, surplus, and salvage assets. Group focuses on full-service solutions to sellers and it consists of marketplaces that enable federal government agencies as well as commercial businesses to sell, surplus, salvage, and scrap assets.”,” the firm’s analyst commented.

Other research analysts have also recently issued research reports about the company. Zacks Investment Research cut Liquidity Services from a strong-buy rating to a hold rating in a report on Thursday, October 4th. ValuEngine raised Liquidity Services from a sell rating to a hold rating in a report on Friday, October 12th.

NASDAQ LQDT opened at $7.27 on Monday. The firm has a market capitalization of $196.27 million, a price-to-earnings ratio of -7.42 and a beta of 0.90. Liquidity Services has a 1 year low of $4.34 and a 1 year high of $8.00.

Liquidity Services (NASDAQ:LQDT) last posted its quarterly earnings results on Thursday, December 6th. The business services provider reported ($0.14) earnings per share (EPS) for the quarter, meeting the Thomson Reuters’ consensus estimate of ($0.14). Liquidity Services had a negative return on equity of 16.30% and a negative net margin of 11.33%.

In other Liquidity Services news, insider James M. Rallo sold 6,737 shares of the business’s stock in a transaction on Wednesday, October 3rd. The shares were sold at an average price of $5.91, for a total transaction of $39,815.67. Following the sale, the insider now directly owns 16,059 shares of the company’s stock, valued at approximately $94,908.69. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, insider Roger Gravley sold 6,587 shares of the business’s stock in a transaction on Monday, October 8th. The shares were sold at an average price of $5.28, for a total transaction of $34,779.36. Following the sale, the insider now directly owns 5,939 shares in the company, valued at $31,357.92. The disclosure for this sale can be found here. Insiders sold 19,808 shares of company stock worth $111,064 in the last ninety days. 22.30% of the stock is owned by corporate insiders.

A number of large investors have recently made changes to their positions in LQDT. BlackRock Inc. raised its stake in Liquidity Services by 7.0% during the 3rd quarter. BlackRock Inc. now owns 3,861,127 shares of the business services provider’s stock valued at $24,517,000 after purchasing an additional 253,142 shares during the period. Russell Investments Group Ltd. acquired a new stake in Liquidity Services during the 3rd quarter valued at $1,470,000. Dimensional Fund Advisors LP raised its stake in Liquidity Services by 8.7% during the 2nd quarter. Dimensional Fund Advisors LP now owns 1,434,945 shares of the business services provider’s stock valued at $9,399,000 after purchasing an additional 114,540 shares during the period. Roumell Asset Management LLC raised its stake in Liquidity Services by 7.9% during the 2nd quarter. Roumell Asset Management LLC now owns 958,259 shares of the business services provider’s stock valued at $6,277,000 after purchasing an additional 69,931 shares during the period. Finally, Vanguard Group Inc. raised its stake in Liquidity Services by 4.3% during the 3rd quarter. Vanguard Group Inc. now owns 1,581,353 shares of the business services provider’s stock valued at $10,042,000 after purchasing an additional 65,153 shares during the period. 67.18% of the stock is currently owned by institutional investors.

Liquidity Services Company Profile

Liquidity Services, Inc provides e-commerce marketplace solutions to manage, value, and sell inventory and equipment for business and government clients in the United States. The company's marketplaces include liquidation.com that enable corporations to sell surplus and salvage consumer goods and capital assets; govliquidation.com, which enables federal government agencies and commercial businesses to sell surplus and scrap assets; govdeals.com that enables local and state government entities, school boards, and public utilities to sell surplus and salvage assets; auctiondeals.com self-service solution which enable sellers list their assets to commercial businesses to sell surplus and salvage assets.

Read More: Return on Investment (ROI) Defined, Explained

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