StockNews.com Upgrades Liquidity Services (NASDAQ:LQDT) to Strong-Buy

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

LQDT has been the topic of a number of other research reports. Craig Hallum increased their price target on Liquidity Services from $28.00 to $37.00 and gave the company a “buy” rating in a research note on Friday, December 13th. Barrington Research reissued an “outperform” rating and issued a $27.00 target price on shares of Liquidity Services in a research note on Tuesday, December 10th.

Liquidity Services Price Performance

Shares of NASDAQ LQDT opened at $30.96 on Friday. Liquidity Services has a fifty-two week low of $13.99 and a fifty-two week high of $36.00. The firm has a market capitalization of $951.74 million, a P/E ratio of 49.14 and a beta of 1.42. The company’s 50 day simple moving average is $24.97 and its 200 day simple moving average is $22.48.

Insider Buying and Selling at Liquidity Services

In other Liquidity Services news, CFO Jorge Celaya sold 16,540 shares of the business’s stock in a transaction dated Monday, December 16th. The stock was sold at an average price of $34.10, for a total value of $564,014.00. Following the completion of the transaction, the chief financial officer now directly owns 33,608 shares of the company’s stock, valued at approximately $1,146,032.80. The trade was a 32.98 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP John Daunt sold 4,546 shares of the stock in a transaction dated Tuesday, December 17th. The stock was sold at an average price of $31.68, for a total value of $144,017.28. Following the completion of the sale, the executive vice president now owns 43,309 shares of the company’s stock, valued at $1,372,029.12. This trade represents a 9.50 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 71,668 shares of company stock valued at $2,388,418. Corporate insiders own 29.77% of the company’s stock.

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of the stock. Access Investment Management LLC raised its holdings in shares of Liquidity Services by 81.7% during the second quarter. Access Investment Management LLC now owns 82,335 shares of the business services provider’s stock worth $1,645,000 after acquiring an additional 37,010 shares during the period. Panagora Asset Management Inc. raised its stake in shares of Liquidity Services by 14.6% in the 2nd quarter. Panagora Asset Management Inc. now owns 122,404 shares of the business services provider’s stock valued at $2,446,000 after purchasing an additional 15,592 shares during the period. Victory Capital Management Inc. lifted its holdings in shares of Liquidity Services by 6.9% in the second quarter. Victory Capital Management Inc. now owns 57,606 shares of the business services provider’s stock valued at $1,151,000 after purchasing an additional 3,700 shares in the last quarter. Acadian Asset Management LLC boosted its position in shares of Liquidity Services by 15.7% during the second quarter. Acadian Asset Management LLC now owns 503,600 shares of the business services provider’s stock worth $10,060,000 after buying an additional 68,407 shares during the period. Finally, Ashton Thomas Private Wealth LLC bought a new position in shares of Liquidity Services during the second quarter worth about $87,000. Institutional investors own 71.15% of the company’s stock.

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.