Liquidity Services (NASDAQ:LQDT) Earns Outperform Rating from Barrington Research

Barrington Research reiterated their outperform rating on shares of Liquidity Services (NASDAQ:LQDT) in a report issued on Monday, Benzinga reports. The firm currently has a $27.00 price objective on the business services provider’s stock.

A number of other brokerages also recently commented on LQDT. StockNews.com raised shares of Liquidity Services from a buy rating to a strong-buy rating in a research report on Friday, May 3rd. TheStreet lowered Liquidity Services from a b- rating to a c+ rating in a report on Thursday, February 8th.

Liquidity Services Stock Up 5.7 %

LQDT opened at $19.26 on Monday. Liquidity Services has a 12-month low of $12.97 and a 12-month high of $21.10. The firm has a market capitalization of $591.67 million, a P/E ratio of 32.10 and a beta of 1.38. The stock has a fifty day moving average of $17.89 and a 200-day moving average of $18.00.

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

Insider Activity at Liquidity Services

In related news, Director George H. Ellis sold 6,000 shares of the company’s stock in a transaction on Tuesday, February 27th. The shares were sold at an average price of $17.50, for a total value of $105,000.00. Following the completion of the sale, the director now directly owns 19,402 shares in the company, valued at $339,535. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 29.77% of the company’s stock.

Institutional Investors Weigh In On Liquidity Services

Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. SG Americas Securities LLC bought a new stake in Liquidity Services during the third quarter valued at about $162,000. Bailard Inc. acquired a new stake in Liquidity Services in the 3rd quarter valued at approximately $231,000. Punch & Associates Investment Management Inc. increased its position in Liquidity Services by 3.6% in the 3rd quarter. Punch & Associates Investment Management Inc. now owns 357,500 shares of the business services provider’s stock worth $6,299,000 after buying an additional 12,500 shares during the period. Roubaix Capital LLC acquired a new position in shares of Liquidity Services during the third quarter worth approximately $2,799,000. Finally, Panagora Asset Management Inc. boosted its position in shares of Liquidity Services by 74.8% in the third quarter. Panagora Asset Management Inc. now owns 76,901 shares of the business services provider’s stock valued at $1,355,000 after acquiring an additional 32,902 shares during the period. 71.15% of the stock is currently 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.