Liquidity Services (NASDAQ:LQDT) Earns Outperform Rating from Barrington Research

Liquidity Services (NASDAQ:LQDT)‘s stock had its “outperform” rating reiterated by investment analysts at Barrington Research in a note issued to investors on Monday,Benzinga reports. They presently have a $40.00 price objective on the business services provider’s stock. Barrington Research’s price objective points to a potential upside of 25.83% from the company’s current price.

A number of other equities research analysts have also issued reports on the company. StockNews.com upgraded Liquidity Services from a “buy” rating to a “strong-buy” rating in a research note on Saturday, December 21st. Craig Hallum increased their target price on Liquidity Services from $28.00 to $37.00 and gave the stock a “buy” rating in a research report on Friday, December 13th.

Liquidity Services Stock Down 4.9 %

NASDAQ LQDT opened at $31.79 on Monday. Liquidity Services has a 52 week low of $13.99 and a 52 week high of $38.08. The company has a market capitalization of $980.09 million, a P/E ratio of 50.46 and a beta of 1.36. The stock’s 50-day moving average price is $31.90 and its 200-day moving average price is $25.81.

Liquidity Services (NASDAQ:LQDT) last released its earnings results on Thursday, December 12th. The business services provider reported $0.32 EPS for the quarter. Liquidity Services had a net margin of 5.50% and a return on equity of 18.99%. During the same quarter in the previous year, the business posted $0.26 EPS.

Insiders Place Their Bets

In other news, Director Edward Kolodzieski sold 26,000 shares of the company’s stock in a transaction that occurred on Friday, December 20th. The stock was sold at an average price of $31.29, for a total transaction of $813,540.00. Following the sale, the director now directly owns 19,229 shares of the company’s stock, valued at $601,675.41. This represents a 57.49 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP John Daunt sold 4,546 shares of the firm’s stock in a transaction on Tuesday, December 17th. The shares were sold at an average price of $31.68, for a total transaction of $144,017.28. Following the completion of the transaction, the executive vice president now directly owns 43,309 shares of the company’s stock, valued at approximately $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. Insiders have sold a total of 101,668 shares of company stock worth $3,331,558 in the last 90 days. 28.40% of the stock is currently owned by corporate insiders.

Institutional Trading of Liquidity Services

Several hedge funds have recently made changes to their positions in LQDT. Access Investment Management LLC increased its stake in Liquidity Services by 0.4% during the fourth 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 last quarter. Principal Financial Group Inc. boosted its holdings in shares of Liquidity Services by 3.0% in the 4th quarter. Principal Financial Group Inc. now owns 108,687 shares of the business services provider’s stock worth $3,510,000 after purchasing an additional 3,181 shares during the period. Nkcfo LLC bought a new position in shares of Liquidity Services during the 4th quarter valued at approximately $856,000. Allspring Global Investments Holdings LLC raised its holdings in Liquidity Services by 107.7% during the 4th quarter. Allspring Global Investments Holdings LLC now owns 119,432 shares of the business services provider’s stock valued at $3,856,000 after buying an additional 61,918 shares during the period. Finally, Eagle Ridge Investment Management bought a new stake in Liquidity Services in the fourth quarter worth $276,000. 71.15% of the stock is currently owned by hedge funds and other institutional investors.

Liquidity Services Company Profile

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.