Liquidity Services (NASDAQ:LQDT) Given “Outperform” Rating at Barrington Research

Liquidity Services (NASDAQ:LQDT)‘s stock had its “outperform” rating reissued by analysts at Barrington Research in a research note issued to investors on Monday, Benzinga reports. They presently have a $27.00 price target on the business services provider’s stock. Barrington Research’s target price indicates a potential upside of 49.83% from the stock’s previous close.

A number of other analysts have also recently commented on the stock. StockNews.com upgraded shares of Liquidity Services from a “buy” rating to a “strong-buy” rating in a report on Friday. TheStreet lowered Liquidity Services from a “b-” rating to a “c+” rating in a report on Thursday, February 8th.

Liquidity Services Stock Performance

Shares of Liquidity Services stock traded up $0.07 on Monday, reaching $18.02. The stock had a trading volume of 1,893 shares, compared to its average volume of 123,779. The stock has a market cap of $553.56 million, a P/E ratio of 30.03 and a beta of 1.38. Liquidity Services has a fifty-two week low of $12.97 and a fifty-two week high of $21.10. The business’s 50-day moving average price is $17.84 and its two-hundred day moving average price is $18.01.

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

Insider Buying and Selling

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

Institutional Investors Weigh In On Liquidity Services

A number of hedge funds and other institutional investors have recently made changes to their positions in LQDT. GAMMA Investing LLC bought a new position in Liquidity Services in the 4th quarter valued at $50,000. AJOVista LLC bought a new position in Liquidity Services in the 4th quarter valued at $53,000. Quantbot Technologies LP raised its position in Liquidity Services by 88.3% in the 3rd quarter. Quantbot Technologies LP now owns 4,377 shares of the business services provider’s stock valued at $77,000 after purchasing an additional 2,052 shares during the last quarter. DekaBank Deutsche Girozentrale bought a new stake in shares of Liquidity Services during the third quarter worth $112,000. Finally, Quest Partners LLC bought a new stake in shares of Liquidity Services during the fourth quarter worth $126,000. 71.15% of the stock is owned by hedge funds and other institutional investors.

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.