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

Barrington Research reaffirmed their outperform rating on shares of Liquidity Services (NASDAQ:LQDT) in a research report released on Wednesday morning,Benzinga reports. Barrington Research currently has a $40.00 target price on the business services provider’s stock.

Several other analysts also recently weighed in on LQDT. Craig Hallum boosted their price target on Liquidity Services from $28.00 to $37.00 and gave the company a “buy” rating in a research note on Friday, December 13th. StockNews.com lowered Liquidity Services from a “strong-buy” rating to a “buy” rating in a research report on Tuesday, March 4th.

Liquidity Services Stock Performance

Shares of LQDT stock opened at $30.60 on Wednesday. The stock’s 50-day simple moving average is $33.63 and its 200-day simple moving average is $28.15. The firm has a market capitalization of $949.79 million, a price-to-earnings ratio of 40.80 and a beta of 1.26. Liquidity Services has a fifty-two week low of $16.79 and a fifty-two week high of $39.72.

Liquidity Services (NASDAQ:LQDT) last posted its quarterly earnings results on Thursday, February 6th. The business services provider reported $0.28 earnings per share (EPS) for the quarter, topping 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 Buying and Selling at Liquidity Services

In other Liquidity Services news, Director Edward Kolodzieski sold 26,000 shares of the business’s stock in a transaction that occurred on Friday, December 20th. The stock was sold at an average price of $31.29, for a total value of $813,540.00. Following the completion of the transaction, the director now directly owns 19,229 shares of the company’s stock, valued at approximately $601,675.41. The trade was a 57.49 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, SVP Steven Weiskircher sold 10,815 shares of the firm’s stock in a transaction that occurred on Monday, February 10th. The stock was sold at an average price of $33.99, for a total transaction of $367,601.85. Following the sale, the senior vice president now directly owns 58,401 shares in the company, valued at $1,985,049.99. The trade was a 15.63 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 98,658 shares of company stock valued at $3,321,948. 28.40% of the stock is owned by insiders.

Institutional Trading of Liquidity Services

A number of hedge funds have recently added to or reduced their stakes in the company. Access Investment Management LLC increased its holdings in Liquidity Services by 0.4% in the fourth quarter. Access Investment Management LLC now owns 82,830 shares of the business services provider’s stock valued at $2,675,000 after buying an additional 345 shares in the last quarter. GAMMA Investing LLC increased its stake in shares of Liquidity Services by 11.2% in the 4th quarter. GAMMA Investing LLC now owns 4,849 shares of the business services provider’s stock valued at $157,000 after purchasing an additional 487 shares in the last quarter. Franklin Resources Inc. increased its stake in shares of Liquidity Services by 4.6% in the 4th quarter. Franklin Resources Inc. now owns 15,692 shares of the business services provider’s stock valued at $507,000 after purchasing an additional 683 shares in the last quarter. CANADA LIFE ASSURANCE Co raised its holdings in Liquidity Services by 1.9% in the 4th quarter. CANADA LIFE ASSURANCE Co now owns 37,332 shares of the business services provider’s stock worth $1,205,000 after purchasing an additional 685 shares during the period. Finally, Willis Investment Counsel boosted its position in Liquidity Services by 1.6% during the fourth quarter. Willis Investment Counsel now owns 52,320 shares of the business services provider’s stock worth $1,689,000 after purchasing an additional 800 shares in the last quarter. 71.15% of the stock is owned by hedge funds and other institutional investors.

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.