Liquidity Services (NASDAQ:LQDT) Cut to Buy at StockNews.com

StockNews.com lowered shares of Liquidity Services (NASDAQ:LQDTFree Report) from a strong-buy rating to a buy rating in a research note released on Wednesday morning.

Other equities research analysts have also issued research reports about the stock. Craig Hallum upped their price target on shares of Liquidity Services from $28.00 to $37.00 and gave the company a “buy” rating in a research report on Friday, December 13th. Barrington Research reaffirmed an “outperform” rating and set a $40.00 target price on shares of Liquidity Services in a report on Tuesday, February 11th.

Check Out Our Latest Stock Report on Liquidity Services

Liquidity Services Trading Down 3.5 %

Shares of LQDT stock opened at $34.31 on Wednesday. Liquidity Services has a 12-month low of $16.79 and a 12-month high of $39.72. The stock has a market capitalization of $1.06 billion, a P/E ratio of 45.75 and a beta of 1.36. The firm’s 50 day moving average is $33.96 and its 200 day moving average is $26.94.

Liquidity Services (NASDAQ:LQDTGet Free Report) last issued its quarterly earnings data on Thursday, February 6th. The business services provider reported $0.28 EPS for the quarter, topping the consensus estimate of $0.22 by $0.06. Liquidity Services had a return on equity of 20.94% and a net margin of 6.37%.

Insider Activity at Liquidity Services

In other news, VP Mark A. Shaffer sold 6,005 shares of the firm’s stock in a transaction dated Wednesday, February 12th. The stock was sold at an average price of $35.59, for a total value of $213,717.95. Following the transaction, the vice president now owns 36,083 shares of the company’s stock, valued at $1,284,193.97. This trade represents a 14.27 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CFO Jorge Celaya sold 16,540 shares of the business’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 value of $564,014.00. Following 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. Over the last three months, insiders have sold 162,388 shares of company stock worth $5,440,791. Corporate insiders own 28.40% of the company’s stock.

Institutional Trading of Liquidity Services

Hedge funds and other institutional investors have recently modified their holdings of the company. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its stake in shares of Liquidity Services by 25.5% during the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 71,511 shares of the business services provider’s stock valued at $2,309,000 after buying an additional 14,542 shares in the last quarter. Squarepoint Ops LLC bought a new stake in Liquidity Services during the fourth quarter valued at about $317,000. Two Sigma Advisers LP lifted its position in shares of Liquidity Services by 48.4% in the fourth quarter. Two Sigma Advisers LP now owns 69,300 shares of the business services provider’s stock valued at $2,238,000 after acquiring an additional 22,600 shares in the last quarter. Two Sigma Investments LP boosted its stake in shares of Liquidity Services by 108.1% in the fourth quarter. Two Sigma Investments LP now owns 98,014 shares of the business services provider’s stock worth $3,165,000 after acquiring an additional 50,925 shares during the period. Finally, Tidal Investments LLC grew its position in shares of Liquidity Services by 13.6% during the fourth quarter. Tidal Investments LLC now owns 40,415 shares of the business services provider’s stock worth $1,305,000 after purchasing an additional 4,849 shares in the last quarter. 71.15% of the stock is owned by hedge funds and other institutional investors.

Liquidity Services Company Profile

(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. 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.

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