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

Liquidity Services (NASDAQ:LQDT)‘s stock had its “outperform” rating restated by equities researchers at Barrington Research in a report released on Wednesday,Benzinga reports. They presently have a $40.00 price objective on the business services provider’s stock. Barrington Research’s target price points to a potential upside of 29.45% from the stock’s current price.

Several other equities research analysts have also recently commented on the stock. Craig Hallum boosted their price objective 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. StockNews.com cut shares of Liquidity Services from a “strong-buy” rating to a “buy” rating in a research report on Tuesday, March 4th.

Liquidity Services Stock Up 1.0 %

Shares of NASDAQ LQDT opened at $30.90 on Wednesday. The company’s fifty day moving average is $33.57 and its 200-day moving average is $28.17. The stock has a market cap of $959.11 million, a price-to-earnings ratio of 41.20 and a beta of 1.26. Liquidity Services has a twelve month low of $16.79 and a twelve month high of $39.72.

Liquidity Services (NASDAQ:LQDT) last announced its quarterly earnings results on Thursday, February 6th. The business services provider reported $0.28 earnings per share for the quarter, topping 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 Buying and Selling at Liquidity Services

In other news, Director Edward Kolodzieski sold 2,000 shares of the business’s stock in a transaction dated Monday, December 23rd. The shares were sold at an average price of $31.90, for a total transaction of $63,800.00. Following the transaction, the director now directly owns 17,229 shares in the company, valued at $549,605.10. The trade was a 10.40 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Beatriz V. Infante sold 5,000 shares of the business’s stock in a transaction dated Thursday, February 20th. The stock was sold at an average price of $35.36, for a total transaction of $176,800.00. Following the transaction, the director now owns 82,990 shares in the company, valued at $2,934,526.40. This represents a 5.68 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 72,658 shares of company stock worth $2,508,408. Insiders own 28.40% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of LQDT. Ameriprise Financial Inc. increased its stake in shares of Liquidity Services by 651.4% during the 4th quarter. Ameriprise Financial Inc. now owns 798,688 shares of the business services provider’s stock worth $25,790,000 after purchasing an additional 692,390 shares during the last quarter. Millennium Management LLC increased its stake in shares of Liquidity Services by 826.0% during the 4th quarter. Millennium Management LLC now owns 196,366 shares of the business services provider’s stock worth $6,341,000 after purchasing an additional 175,161 shares during the last quarter. Arrowstreet Capital Limited Partnership increased its stake in shares of Liquidity Services by 57.9% during the 4th quarter. Arrowstreet Capital Limited Partnership now owns 457,351 shares of the business services provider’s stock worth $14,768,000 after purchasing an additional 167,767 shares during the last quarter. Royce & Associates LP increased its stake in shares of Liquidity Services by 561.2% during the 4th quarter. Royce & Associates LP now owns 141,649 shares of the business services provider’s stock worth $4,574,000 after purchasing an additional 120,226 shares during the last quarter. Finally, Marshall Wace LLP bought a new stake in shares of Liquidity Services during the 4th quarter worth about $3,477,000. 71.15% of the stock is currently owned by institutional investors and hedge funds.

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.