Liquidity Services (NASDAQ:LQDT) Upgraded by StockNews.com to “Strong-Buy” Rating

Liquidity Services (NASDAQ:LQDT) was upgraded by analysts at StockNews.com from a “buy” rating to a “strong-buy” rating in a research report issued to clients and investors on Saturday.

A number of other equities research analysts also recently weighed in on the stock. 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 research note on Friday, December 13th. Barrington Research reissued an “outperform” rating and issued a $27.00 price target on shares of Liquidity Services in a report on Tuesday, December 10th.

Liquidity Services Price Performance

LQDT stock opened at $30.96 on Friday. Liquidity Services has a 52-week low of $13.99 and a 52-week high of $36.00. The stock has a market capitalization of $951.74 million, a price-to-earnings ratio of 49.14 and a beta of 1.42. The company has a 50-day moving average of $25.14 and a two-hundred day moving average of $22.58.

Insider Buying and Selling at Liquidity Services

In related news, Director Jaime Mateus-Tique sold 50,000 shares of the company’s stock in a transaction on Monday, December 16th. The stock was sold at an average price of $33.22, for a total transaction of $1,661,000.00. Following the completion of the sale, the director now directly owns 103,660 shares in the company, valued at $3,443,585.20. This represents a 32.54 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, CFO Jorge Celaya sold 16,540 shares of the company’s stock in a transaction that occurred 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 owns 33,608 shares of the company’s stock, valued at approximately $1,146,032.80. This trade represents a 32.98 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 71,668 shares of company stock worth $2,388,418 over the last quarter. 29.77% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the company. nVerses Capital LLC bought a new position in shares of Liquidity Services during the 3rd quarter worth approximately $48,000. Ashton Thomas Private Wealth LLC purchased a new position in shares of Liquidity Services in the second quarter worth about $87,000. GAMMA Investing LLC lifted its stake in shares of Liquidity Services by 29.9% during the 3rd quarter. GAMMA Investing LLC now owns 4,362 shares of the business services provider’s stock valued at $99,000 after buying an additional 1,005 shares in the last quarter. Centiva Capital LP purchased a new position in Liquidity Services in the 3rd quarter valued at approximately $260,000. Finally, SG Americas Securities LLC bought a new stake in shares of Liquidity Services during the 3rd quarter valued at $298,000. 71.15% of the stock is owned by institutional investors and hedge funds.

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.