Barrington Research Reiterates “Outperform” Rating for Liquidity Services (NASDAQ:LQDT)

Liquidity Services (NASDAQ:LQDT)‘s stock had its “outperform” rating reaffirmed by equities researchers at Barrington Research in a research report issued on Wednesday,Benzinga reports. They presently have a $40.00 target price on the business services provider’s stock. Barrington Research’s price objective suggests a potential upside of 35.87% from the company’s current price.

LQDT has been the topic of several other reports. StockNews.com lowered Liquidity Services from a “strong-buy” rating to a “buy” rating in a research report on Tuesday, March 4th. Craig Hallum upped their price objective on shares of Liquidity Services from $28.00 to $37.00 and gave the stock a “buy” rating in a report on Friday, December 13th.

Liquidity Services Stock Performance

LQDT opened at $29.44 on Wednesday. The stock’s fifty day moving average is $33.70 and its 200-day moving average is $28.14. Liquidity Services has a one year low of $16.79 and a one year high of $39.72. The company has a market capitalization of $913.79 million, a PE ratio of 39.25 and a beta of 1.26.

Liquidity Services (NASDAQ:LQDT) last issued its earnings results on Thursday, February 6th. The business services provider reported $0.28 earnings per share (EPS) 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 Activity at Liquidity Services

In other news, VP Mark A. Shaffer sold 3,633 shares of Liquidity Services stock in a transaction on Monday, February 10th. The stock was sold at an average price of $34.70, for a total value of $126,065.10. Following the completion of the sale, the vice president now directly owns 46,200 shares of the company’s stock, valued at approximately $1,603,140. This trade represents a 7.29 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Edward Kolodzieski sold 26,000 shares of the business’s stock in a transaction dated Friday, December 20th. The stock was sold at an average price of $31.29, for a total value 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 ownership of the stock. The disclosure for this sale can be found here. Insiders sold 98,658 shares of company stock valued at $3,321,948 in the last ninety days. Insiders own 28.40% of the company’s stock.

Institutional Inflows and Outflows

Large investors have recently made changes to their positions in the stock. Harvest Fund Management Co. Ltd acquired a new stake in shares of Liquidity Services in the 4th quarter valued at approximately $38,000. Quarry LP acquired a new stake in shares of Liquidity Services during the fourth quarter worth about $47,000. Aquatic Capital Management LLC raised its holdings in Liquidity Services by 257.6% during the 4th quarter. Aquatic Capital Management LLC now owns 1,788 shares of the business services provider’s stock worth $58,000 after buying an additional 1,288 shares during the period. R Squared Ltd acquired a new position in shares of Liquidity Services during the fourth quarter worth about $66,000. Finally, KLP Kapitalforvaltning AS acquired a new position in Liquidity Services during the 4th quarter worth approximately $132,000. Institutional investors and hedge funds own 71.15% of the company’s stock.

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.