52,644 Shares in Liquidity Services, Inc. $LQDT Purchased by Bank of America Corp DE

Key Points

• Bank of America acquired 52,644 shares of Liquidity Services during the second quarter, worth approximately $2.06 million. Institutional investors collectively own 71.15% of the company.
• Liquidity Services reported quarterly EPS of $0.45, beating consensus estimates of $0.34, while revenue reached $129.58 million versus expectations of $57.83 million.
• Analyst sentiment is favorable, with the stock carrying an average “Buy” rating and a $50 price target. Shares recently traded at $42.83, near their 12-month high of $44.09.

Bank of America Corp DE purchased a new position in Liquidity Services, Inc. (NASDAQ:LQDT - Free Report) during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund purchased 52,644 shares of the business services provider's stock, valued at approximately $2,059,000. Bank of America Corp DE owned approximately 0.17% of Liquidity Services as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also made changes to their positions in LQDT. Man Group plc bought a new stake in Liquidity Services in the second quarter worth $2,426,000. Jupiter Topco LLC purchased a new stake in shares of Liquidity Services during the 2nd quarter valued at about $487,000. Canada Pension Plan Investment Board purchased a new stake in shares of Liquidity Services during the 2nd quarter valued at about $509,000. Legal & General Group Plc bought a new position in shares of Liquidity Services in the 2nd quarter valued at about $2,141,000. Finally, The Manufacturers Life Insurance Company bought a new position in shares of Liquidity Services during the 2nd quarter valued at approximately $250,000. Institutional investors own 71.15% of the company's stock.

Liquidity Services Trading Down 1.1%

LQDT stock opened at $42.83 on Thursday. Liquidity Services, Inc. has a 12-month low of $21.67 and a 12-month high of $44.09. The business's 50-day moving average is $41.60 and its 200 day moving average is $37.38. The stock has a market cap of $1.34 billion, a price-to-earnings ratio of 41.99 and a beta of 1.07.

Liquidity Services (NASDAQ:LQDT - Get Free Report) last announced its earnings results on Thursday, August 6th. The business services provider reported $0.45 EPS for the quarter, beating analysts' consensus estimates of $0.34 by $0.11. The business had revenue of $129.58 million during the quarter, compared to analysts' expectations of $57.83 million. Liquidity Services had a return on equity of 17.60% and a net margin of 6.79%.Liquidity Services has set its Q4 2026 guidance at 0.410-0.500 EPS. As a group, equities analysts forecast that Liquidity Services, Inc. will post 1.16 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of research firms have recently commented on LQDT. Barrington Research set a $50.00 target price on Liquidity Services in a research note on Friday, August 7th. Weiss Ratings upgraded shares of Liquidity Services from a "buy (b-)" rating to a "buy (b)" rating in a research note on Tuesday, August 11th. Zacks Research upgraded Liquidity Services from a "hold" rating to a "strong-buy" rating in a research note on Thursday, August 27th. Finally, Wall Street Zen upgraded shares of Liquidity Services from a "buy" rating to a "strong-buy" rating in a report on Sunday, August 16th. One analyst has rated the stock with a Strong Buy rating and two have assigned a Buy rating to the stock. According to MarketBeat, the company presently has an average rating of "Buy" and an average price target of $50.00.

Insider Buying and Selling

In other Liquidity Services news, EVP John Daunt sold 715 shares of the stock in a transaction dated Tuesday, September 1st. The shares were sold at an average price of $41.27, for a total value of $29,508.05. Following the completion of the sale, the executive vice president owned 38,086 shares in the company, valued at approximately $1,571,809.22. This represents a 1.84% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 28.06% of the company's stock.

Liquidity Services Company Profile

Liquidity Services, Inc operates online marketplaces and related services for surplus and returned assets. The company connects government agencies, businesses, manufacturers, and other organizations with buyers seeking used, excess, refurbished, and end-of-life inventory. Its services include asset valuation, auction management, transaction processing, logistics coordination, and remarketing.

The company operates several specialized marketplaces, including GovDeals for public-sector surplus, GovPlanet for government and military equipment, AllSurplus for commercial and government surplus, and Liquidation.com for returned and excess merchandise.

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