Liquidity Services’ (LQDT) “Outperform” Rating Reaffirmed at Barrington Research

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

LQDT has been the topic of several other reports. Craig Hallum boosted 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. StockNews.com upgraded Liquidity Services from a “buy” rating to a “strong-buy” rating in a research report on Saturday, December 21st.

Liquidity Services Stock Down 3.5 %

Shares of LQDT stock opened at $33.43 on Monday. Liquidity Services has a 12 month low of $13.99 and a 12 month high of $38.08. The firm has a market cap of $1.03 billion, a PE ratio of 53.06 and a beta of 1.37. The stock has a 50 day moving average of $31.78 and a 200-day moving average of $25.73.

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 company posted $0.26 earnings per share.

Insiders Place Their Bets

In related news, CFO Jorge Celaya sold 16,540 shares of Liquidity Services 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 directly owns 33,608 shares of the company’s stock, valued at $1,146,032.80. This trade represents a 32.98 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Jaime Mateus-Tique sold 50,000 shares of the company’s stock in a transaction dated Monday, December 16th. The stock was sold at an average price of $33.22, for a total transaction of $1,661,000.00. Following the sale, the director now directly owns 103,660 shares in the company, valued at $3,443,585.20. This represents a 32.54 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 101,668 shares of company stock worth $3,331,558 over the last quarter. Company insiders own 28.40% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently modified their holdings of the business. Pacer Advisors Inc. raised its position in Liquidity Services by 9.5% in the 3rd quarter. Pacer Advisors Inc. now owns 881,234 shares of the business services provider’s stock valued at $20,092,000 after purchasing an additional 76,794 shares during the last quarter. State Street Corp raised its holdings in shares of Liquidity Services by 1.7% in the third quarter. State Street Corp now owns 852,306 shares of the business services provider’s stock valued at $19,433,000 after buying an additional 13,947 shares during the last quarter. Geode Capital Management LLC lifted its position in Liquidity Services by 0.5% during the 3rd quarter. Geode Capital Management LLC now owns 515,584 shares of the business services provider’s stock worth $11,757,000 after buying an additional 2,392 shares in the last quarter. Rice Hall James & Associates LLC grew its holdings in Liquidity Services by 1.3% during the 3rd quarter. Rice Hall James & Associates LLC now owns 367,302 shares of the business services provider’s stock worth $8,374,000 after acquiring an additional 4,838 shares during the last quarter. Finally, Assenagon Asset Management S.A. increased its holdings in shares of Liquidity Services by 4.9% in the third quarter. Assenagon Asset Management S.A. now owns 237,725 shares of the business services provider’s stock valued at $5,420,000 after purchasing an additional 11,022 shares in the last quarter. 71.15% of the stock is 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.