Liquidity Services (NASDAQ:LQDT) Rating Lowered to Buy at StockNews.com

StockNews.com downgraded shares of Liquidity Services (NASDAQ:LQDT) from a strong-buy rating to a buy rating in a research note released on Tuesday morning.

Several other equities analysts also recently commented on the company. Barrington Research reaffirmed an “outperform” rating and issued a $40.00 target price on shares of Liquidity Services in a research report on Tuesday, February 11th. Craig Hallum upped their target price on Liquidity Services from $28.00 to $37.00 and gave the company a “buy” rating in a research report on Friday, December 13th.

Liquidity Services Stock Down 3.8 %

Shares of NASDAQ LQDT opened at $30.63 on Tuesday. The business’s 50 day moving average price is $34.17 and its two-hundred day moving average price is $27.60. The company has a market cap of $950.72 million, a PE ratio of 40.84 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 return on equity of 20.94% and a net margin of 6.37%.

Insider Buying and Selling

In related news, insider Novelette Murray sold 7,938 shares of the stock in a transaction that occurred on Tuesday, February 25th. The stock was sold at an average price of $33.96, for a total transaction of $269,574.48. Following the sale, the insider now owns 36,181 shares of the company’s stock, valued at $1,228,706.76. This represents a 17.99 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director Beatriz V. Infante sold 5,000 shares of the company’s stock in a transaction on Thursday, February 20th. The stock was sold at an average price of $35.36, for a total value of $176,800.00. Following the sale, the director now owns 82,990 shares of the company’s stock, valued at $2,934,526.40. The trade was a 5.68 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 170,326 shares of company stock valued at $5,710,365 over the last 90 days. 28.40% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Liquidity Services

Several institutional investors and hedge funds have recently added to or reduced their stakes in LQDT. Harvest Fund Management Co. Ltd bought a new stake in Liquidity Services during the fourth quarter worth $38,000. Quarry LP bought a new stake in Liquidity Services during the fourth quarter worth $47,000. Aquatic Capital Management LLC lifted its stake in Liquidity Services by 257.6% during the fourth quarter. Aquatic Capital Management LLC now owns 1,788 shares of the business services provider’s stock worth $58,000 after purchasing an additional 1,288 shares during the last quarter. R Squared Ltd bought a new stake in Liquidity Services during the fourth quarter worth $66,000. Finally, KLP Kapitalforvaltning AS bought a new stake in Liquidity Services during the fourth quarter worth $132,000. 71.15% of the stock is currently owned by 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.