Liquidity Services’ (LQDT) Outperform Rating Reiterated at Barrington Research

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

Other analysts have also issued research reports about the stock. StockNews.com lowered shares of Liquidity Services from a “strong-buy” rating to a “buy” rating in a research report on Friday, February 7th. 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 report on Friday, December 13th.

Liquidity Services Price Performance

Liquidity Services stock opened at $35.71 on Tuesday. The stock’s fifty day moving average price is $33.06 and its two-hundred day moving average price is $26.35. Liquidity Services has a one year low of $16.11 and a one year high of $39.72. The firm has a market cap of $1.10 billion, a PE ratio of 47.61 and a beta of 1.36.

Liquidity Services (NASDAQ:LQDT) last announced its quarterly earnings data on Thursday, February 6th. The business services provider reported $0.28 earnings per share (EPS) for the quarter, beating 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 Transactions at Liquidity Services

In other Liquidity Services news, insider Novelette Murray sold 10,000 shares of the business’s stock in a transaction dated Wednesday, February 12th. The shares were sold at an average price of $34.88, for a total value of $348,800.00. Following the transaction, the insider now directly owns 44,119 shares in the company, valued at $1,538,870.72. The trade was a 18.48 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO Jorge Celaya sold 16,540 shares of the business’s stock in a transaction dated 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 in the company, valued at approximately $1,146,032.80. The trade was a 32.98 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 157,388 shares of company stock valued at $5,263,991 over the last three months. Corporate insiders own 28.40% of the company’s stock.

Institutional Trading of Liquidity Services

A number of institutional investors have recently modified their holdings of LQDT. Access Investment Management LLC increased its holdings in Liquidity Services by 0.4% during the 4th quarter. Access Investment Management LLC now owns 82,830 shares of the business services provider’s stock worth $2,675,000 after acquiring an additional 345 shares during the period. GAMMA Investing LLC increased its holdings 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 worth $157,000 after buying an additional 487 shares during the last quarter. Franklin Resources Inc. grew its holdings in shares of Liquidity Services by 4.6% during 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 during the last quarter. CANADA LIFE ASSURANCE Co grew its holdings in shares of Liquidity Services by 1.9% during the 4th quarter. CANADA LIFE ASSURANCE Co now owns 37,332 shares of the business services provider’s stock valued at $1,205,000 after purchasing an additional 685 shares during the last quarter. Finally, Willis Investment Counsel grew its holdings in shares of Liquidity Services by 1.6% during the 4th quarter. Willis Investment Counsel now owns 52,320 shares of the business services provider’s stock valued at $1,689,000 after purchasing an additional 800 shares during the last quarter. 71.15% of the stock is currently 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.