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

Liquidity Services (NASDAQ:LQDT) was downgraded by StockNews.com from a “strong-buy” rating to a “buy” rating in a research report issued on Friday.

A number of other analysts have also recently commented on LQDT. Barrington Research reiterated an “outperform” rating and set a $27.00 price objective on shares of Liquidity Services in a research report on Tuesday, December 10th. Craig Hallum lifted their price target on shares of Liquidity Services from $28.00 to $37.00 and gave the stock a “buy” rating in a report on Friday.

Liquidity Services Stock Performance

Shares of NASDAQ:LQDT opened at $35.54 on Friday. Liquidity Services has a one year low of $13.99 and a one year high of $35.80. The stock has a market cap of $1.09 billion, a PE ratio of 56.41 and a beta of 1.42. The business’s fifty day moving average price is $24.18 and its two-hundred day moving average price is $22.15.

Hedge Funds Weigh In On Liquidity Services

Several institutional investors have recently added to or reduced their stakes in LQDT. Royce & Associates LP purchased a new stake in Liquidity Services in the 3rd quarter valued at about $488,000. Allspring Global Investments Holdings LLC purchased a new stake in Liquidity Services in the third quarter valued at approximately $1,311,000. Intech Investment Management LLC acquired a new position in Liquidity Services during the third quarter worth approximately $518,000. Acadian Asset Management LLC raised its stake in Liquidity Services by 15.7% during the second quarter. Acadian Asset Management LLC now owns 503,600 shares of the business services provider’s stock worth $10,060,000 after purchasing an additional 68,407 shares during the period. Finally, Dynamic Technology Lab Private Ltd purchased a new position in Liquidity Services during the third quarter worth approximately $496,000. 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.