Liquidity Services (NASDAQ:LQDT) Stock Rating Reaffirmed by Barrington Research

Barrington Research reiterated their outperform rating on shares of Liquidity Services (NASDAQ:LQDT - Free Report) in a research report report published on Tuesday, Benzinga reports. They currently have a $27.00 price target on the business services provider's stock.

A number of other equities analysts have also commented on LQDT. TheStreet lowered shares of Liquidity Services from a b- rating to a c+ rating in a research report on Thursday, February 8th. StockNews.com upgraded shares of Liquidity Services from a buy rating to a strong-buy rating in a research note on Monday.

Liquidity Services Stock Up 1.2 %

LQDT stock traded up $0.23 during mid-day trading on Tuesday, hitting $19.23. The company had a trading volume of 148,843 shares, compared to its average volume of 131,838. The company has a market capitalization of $586.13 million, a price-to-earnings ratio of 29.55 and a beta of 1.38. The company has a 50-day moving average price of $17.95 and a 200 day moving average price of $17.99. Liquidity Services has a 12-month low of $13.99 and a 12-month high of $21.10.

Liquidity Services (NASDAQ:LQDT - Get Free Report) last issued its earnings results on Thursday, May 9th. The business services provider reported $0.27 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.22 by $0.05. Liquidity Services had a return on equity of 18.51% and a net margin of 6.30%. The firm had revenue of $91.45 million for the quarter. During the same period last year, the firm posted $0.20 earnings per share.

Insider Buying and Selling

In related news, Director George H. Ellis sold 6,000 shares of the company's stock in a transaction dated Tuesday, February 27th. The shares were sold at an average price of $17.50, for a total transaction of $105,000.00. Following the completion of the sale, the director now owns 19,402 shares of the company's stock, valued at approximately $339,535. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Insiders own 29.77% of the company's stock.

Institutional Trading of Liquidity Services

Several hedge funds have recently made changes to their positions in LQDT. GAMMA Investing LLC purchased a new position in shares of Liquidity Services during the 4th quarter worth approximately $50,000. AJOVista LLC purchased a new position in shares of Liquidity Services during the 4th quarter worth approximately $53,000. Quantbot Technologies LP lifted its holdings in Liquidity Services by 88.3% during the 3rd quarter. Quantbot Technologies LP now owns 4,377 shares of the business services provider's stock worth $77,000 after buying an additional 2,052 shares in the last quarter. DekaBank Deutsche Girozentrale acquired a new stake in Liquidity Services during the 3rd quarter worth approximately $112,000. Finally, Quest Partners LLC acquired a new stake in Liquidity Services during the 4th quarter worth approximately $126,000. Hedge funds and other institutional investors own 71.15% of the company's stock.

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.