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

by · The Cerbat Gem

Barrington Research reaffirmed their outperform rating on shares of Liquidity Services (NASDAQ:LQDT – Free Report) in a research note published on Monday, Benzinga reports. The firm currently has a $27.00 price objective on the business services provider’s stock.

Separately, StockNews.com raised shares of Liquidity Services from a buy rating to a strong-buy rating in a report on Friday, December 8th.

Get Our Latest Report on LQDT

Liquidity Services Price Performance

Shares of NASDAQ LQDT opened at $16.99 on Monday. The firm has a market cap of $522.54 million, a PE ratio of 25.74 and a beta of 1.42. Liquidity Services has a 1 year low of $11.97 and a 1 year high of $21.10. The company has a 50 day simple moving average of $19.48 and a 200 day simple moving average of $17.89.

Liquidity Services (NASDAQ:LQDT – Get Free Report) last released its quarterly earnings results on Thursday, December 7th. The business services provider reported $0.26 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.24 by $0.02. The firm had revenue of $79.96 million during the quarter. Liquidity Services had a net margin of 6.67% and a return on equity of 19.24%. During the same quarter in the previous year, the business posted $0.19 EPS.

Hedge Funds Weigh In On Liquidity Services

Several institutional investors and hedge funds have recently bought and sold shares of the company. Values First Advisors Inc. boosted its holdings in Liquidity Services by 2.1% in the 2nd quarter. Values First Advisors Inc. now owns 42,702 shares of the business services provider’s stock valued at $705,000 after purchasing an additional 887 shares during the period. Commonwealth of Pennsylvania Public School Empls Retrmt SYS boosted its position in Liquidity Services by 3.7% during the 2nd quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 26,356 shares of the business services provider’s stock valued at $435,000 after acquiring an additional 949 shares in the last quarter. Captrust Financial Advisors raised its holdings in Liquidity Services by 87.0% in the first quarter. Captrust Financial Advisors now owns 2,050 shares of the business services provider’s stock worth $35,000 after purchasing an additional 954 shares in the last quarter. Panagora Asset Management Inc. increased its stake in shares of Liquidity Services by 1.2% in the 1st quarter. Panagora Asset Management Inc. now owns 78,931 shares of the business services provider’s stock worth $1,351,000 after acquiring an additional 959 shares in the last quarter. Finally, Citigroup Inc. increased its position in Liquidity Services by 3.8% during the 1st quarter. Citigroup Inc. now owns 26,305 shares of the business services provider’s stock valued at $450,000 after buying an additional 973 shares in the last quarter. 70.21% of the stock is owned by institutional investors.

About Liquidity Services

(Get Free Report)

Liquidity Services, Inc provides e-commerce marketplaces, self-directed auction listing tools, and value-added services in the United States and internationally. It operates through four segments: GovDeals, Retail Supply Chain Group (RSCG), Capital Assets Group (CAG), and Machinio. The company's 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.

Recommended Stories