Liquidity Services (NASDAQ:LQDT) Stock Rating Lowered by Wall Street Zen

Key Points

• Liquidity Services has been downgraded from a "strong-buy" rating to a "buy" rating by Wall Street Zen.
• The company reported a Q2 EPS of $0.34, surpassing analyst estimates of $0.32, with revenues of $119.88 million compared to estimates of $120.41 million.
• Institutional investors own 71.15% of Liquidity Services' stock, with significant increases in holdings from various hedge funds in recent quarters.

Liquidity Services (NASDAQ:LQDT - Get Free Report) was downgraded by analysts at Wall Street Zen from a "strong-buy" rating to a "buy" rating in a report issued on Saturday.

Liquidity Services Trading Up 2.5%

Shares of NASDAQ:LQDT traded up $0.59 during trading on Friday, hitting $24.56. 325,185 shares of the company were exchanged, compared to its average volume of 327,854. The stock has a market cap of $766.79 million, a price-to-earnings ratio of 29.59 and a beta of 1.21. Liquidity Services has a fifty-two week low of $21.00 and a fifty-two week high of $39.72. The firm has a fifty day moving average price of $24.14 and a two-hundred day moving average price of $28.46.

Liquidity Services (NASDAQ:LQDT - Get Free Report) last posted its quarterly earnings results on Thursday, August 7th. The business services provider reported $0.34 earnings per share for the quarter, topping the consensus estimate of $0.32 by $0.02. The firm had revenue of $119.88 million for the quarter, compared to analyst estimates of $120.41 million. Liquidity Services had a return on equity of 20.75% and a net margin of 6.25%.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the business. LPL Financial LLC bought a new stake in Liquidity Services in the 4th quarter valued at $369,000. JPMorgan Chase & Co. boosted its stake in Liquidity Services by 140.4% in the 4th quarter. JPMorgan Chase & Co. now owns 144,081 shares of the business services provider's stock valued at $4,652,000 after purchasing an additional 84,154 shares during the period. Alliancebernstein L.P. boosted its stake in Liquidity Services by 25.9% in the 4th quarter. Alliancebernstein L.P. now owns 23,084 shares of the business services provider's stock valued at $745,000 after purchasing an additional 4,756 shares during the period. Franklin Resources Inc. boosted its stake in Liquidity Services by 4.6% in the 4th quarter. Franklin Resources Inc. now owns 15,692 shares of the business services provider's stock valued at $507,000 after purchasing an additional 683 shares during the period. Finally, ExodusPoint Capital Management LP bought a new stake in Liquidity Services in the 4th quarter valued at $583,000. 71.15% of the stock is currently owned by institutional investors.

About Liquidity Services

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.