Barrington Research Reaffirms Outperform Rating for Liquidity Services (NASDAQ:LQDT)

Liquidity Services (NASDAQ:LQDT - Get Free Report)'s stock had its "outperform" rating reiterated by analysts at Barrington Research in a research note issued on Monday, Benzinga reports. They presently have a $27.00 price target on the business services provider's stock. Barrington Research's price target would suggest a potential upside of 50.50% from the company's previous close.

Several other research analysts have also recently issued reports on the company. StockNews.com raised Liquidity Services from a "buy" rating to a "strong-buy" rating in a report on Friday. TheStreet lowered Liquidity Services from a "b-" rating to a "c+" rating in a research report on Thursday, February 8th.

Liquidity Services Stock Performance

Shares of NASDAQ LQDT traded down $0.01 during trading on Monday, reaching $17.94. The stock had a trading volume of 43,428 shares, compared to its average volume of 124,269. The stock has a market cap of $551.10 million, a PE ratio of 30.03 and a beta of 1.38. Liquidity Services has a one year low of $12.97 and a one year high of $21.10. The firm's 50 day moving average price is $17.84 and its two-hundred day moving average price is $18.01.

Liquidity Services (NASDAQ:LQDT - Get Free Report) last issued its earnings results on Thursday, February 8th. The business services provider reported $0.14 earnings per share for the quarter, missing analysts' consensus estimates of $0.16 by ($0.02). Liquidity Services had a return on equity of 17.62% and a net margin of 6.03%. The business had revenue of $71.33 million for the quarter.

Insider Activity at Liquidity Services

In related news, Director George H. Ellis sold 6,000 shares of the business's stock in a transaction dated Tuesday, February 27th. The stock was sold at an average price of $17.50, for a total transaction of $105,000.00. Following the transaction, the director now directly owns 19,402 shares in the company, valued at $339,535. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 29.77% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Liquidity Services

Hedge funds and other institutional investors have recently made changes to their positions in the business. GAMMA Investing LLC bought a new stake in shares of Liquidity Services in the 4th quarter valued at approximately $50,000. AJOVista LLC bought a new position in Liquidity Services during the fourth quarter worth about $53,000. Quantbot Technologies LP raised its position in shares of Liquidity Services by 88.3% in the 3rd quarter. Quantbot Technologies LP now owns 4,377 shares of the business services provider's stock valued at $77,000 after acquiring an additional 2,052 shares during the period. DekaBank Deutsche Girozentrale acquired a new stake in Liquidity Services in the third quarter worth $112,000. Finally, Quest Partners LLC bought a new position in shares of Liquidity Services during the 4th quarter valued at about $126,000. 71.15% of the stock is 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.