Liquidity Services (NASDAQ:LQDT) Given “Outperform” Rating at Barrington Research

Barrington Research reaffirmed their outperform rating on shares of Liquidity Services (NASDAQ:LQDT) in a research report released on Monday,Benzinga reports. Barrington Research currently has a $40.00 price objective on the business services provider’s stock.

Several other brokerages also recently commented on LQDT. Craig Hallum lifted their target price 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. StockNews.com upgraded shares of Liquidity Services from a “buy” rating to a “strong-buy” rating in a research note on Saturday, December 21st.

Liquidity Services Trading Down 3.5 %

Shares of LQDT stock opened at $33.43 on Monday. The firm’s fifty day moving average price is $31.78 and its two-hundred day moving average price is $25.73. The firm has a market capitalization of $1.03 billion, a P/E ratio of 53.06 and a beta of 1.37. Liquidity Services has a 1 year low of $13.99 and a 1 year high of $38.08.

Liquidity Services (NASDAQ:LQDT) last posted its quarterly earnings results on Thursday, December 12th. The business services provider reported $0.32 earnings per share (EPS) for the quarter. Liquidity Services had a net margin of 5.50% and a return on equity of 18.99%. During the same quarter last year, the company earned $0.26 EPS.

Insiders Place Their Bets

In other Liquidity Services news, Director Jaime Mateus-Tique sold 50,000 shares of the business’s stock in a transaction on Monday, December 16th. The shares were sold at an average price of $33.22, for a total transaction of $1,661,000.00. Following the completion of the sale, the director now owns 103,660 shares in the company, valued at approximately $3,443,585.20. The trade was a 32.54 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director Edward Kolodzieski sold 2,000 shares of the firm’s stock in a transaction that occurred on Tuesday, December 31st. The shares were sold at an average price of $32.90, for a total value of $65,800.00. Following the completion of the transaction, the director now owns 15,229 shares in the company, valued at $501,034.10. This represents a 11.61 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 101,668 shares of company stock valued at $3,331,558. 28.40% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in LQDT. Pacer Advisors Inc. increased its position in Liquidity Services by 9.5% in the third quarter. Pacer Advisors Inc. now owns 881,234 shares of the business services provider’s stock worth $20,092,000 after buying an additional 76,794 shares during the last quarter. State Street Corp raised its position in shares of Liquidity Services by 1.7% in the third quarter. State Street Corp now owns 852,306 shares of the business services provider’s stock worth $19,433,000 after buying an additional 13,947 shares in the last quarter. Geode Capital Management LLC boosted its position in shares of Liquidity Services by 0.5% during the 3rd quarter. Geode Capital Management LLC now owns 515,584 shares of the business services provider’s stock valued at $11,757,000 after acquiring an additional 2,392 shares during the last quarter. Rice Hall James & Associates LLC lifted its position in Liquidity Services by 1.3% during the third quarter. Rice Hall James & Associates LLC now owns 367,302 shares of the business services provider’s stock valued at $8,374,000 after purchasing an additional 4,838 shares during the last quarter. Finally, Assenagon Asset Management S.A. lifted its holdings in shares of Liquidity Services by 4.9% during the 3rd quarter. Assenagon Asset Management S.A. now owns 237,725 shares of the business services provider’s stock worth $5,420,000 after acquiring an additional 11,022 shares during the last quarter. 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.