Liquidity Services (LQDT) Lowered to “Hold” at Zacks Investment Research

Liquidity Services (NASDAQ:LQDT) was downgraded by Zacks Investment Research from a “buy” rating to a “hold” rating in a research report issued on Thursday, March 8th.

According to Zacks, “Liquidity Services, Inc. employs innovative e-commerce marketplace solutions to manage, value and sell inventory and equipment for business and government clients. The company operates a network of leading e-commerce marketplaces that enable buyers and sellers to transact in an efficient, automated environment offering over 500 product categories. Their superior service, unmatched scale and ability to deliver results enable us to forge trusted, long-term relationships with over 10,000 clients worldwide. “

Several other research firms have also weighed in on LQDT. ValuEngine lowered shares of Liquidity Services from a “sell” rating to a “strong sell” rating in a research report on Thursday, February 8th. Barrington Research upgraded shares of Liquidity Services from a “market perform” rating to an “outperform” rating in a research report on Thursday, February 1st.

Shares of NASDAQ LQDT traded down $0.35 during trading on Thursday, hitting $6.15. The stock had a trading volume of 174,042 shares, compared to its average volume of 155,009. The firm has a market cap of $207.58, a price-to-earnings ratio of -6.63 and a beta of 0.62. Liquidity Services has a 12 month low of $4.34 and a 12 month high of $8.05.

Liquidity Services (NASDAQ:LQDT) last posted its quarterly earnings results on Thursday, February 1st. The business services provider reported ($0.14) earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.33) by $0.19. The company had revenue of $61.14 million during the quarter, compared to analyst estimates of $65.42 million. Liquidity Services had a negative net margin of 12.29% and a negative return on equity of 20.43%. The firm’s revenue for the quarter was down 13.6% on a year-over-year basis. During the same quarter in the prior year, the business earned ($0.22) earnings per share. equities analysts forecast that Liquidity Services will post -0.46 EPS for the current fiscal year.

A number of large investors have recently modified their holdings of LQDT. Roumell Asset Management LLC boosted its position in Liquidity Services by 39.9% during the third quarter. Roumell Asset Management LLC now owns 875,871 shares of the business services provider’s stock worth $5,168,000 after purchasing an additional 249,611 shares during the period. Boston Partners bought a new position in Liquidity Services during the fourth quarter worth about $934,000. Dimensional Fund Advisors LP boosted its position in Liquidity Services by 15.0% during the third quarter. Dimensional Fund Advisors LP now owns 1,038,515 shares of the business services provider’s stock worth $6,127,000 after purchasing an additional 135,532 shares during the period. Stone Ridge Asset Management LLC bought a new position in Liquidity Services during the fourth quarter worth about $330,000. Finally, Anson Funds Management LP bought a new position in Liquidity Services during the fourth quarter worth about $310,000. Hedge funds and other institutional investors own 67.60% of the company’s stock.

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Liquidity Services Company Profile

Liquidity Services, Inc operates a network of e-commerce marketplaces that enable buyers and sellers to transact in an automated environment. The Company employs e-commerce marketplace solutions to manage, value and sell inventory and equipment for business and government clients. The Company’s marketplaces provide professional buyers access to a global supply of new, surplus and scrap assets presented with digital images and other relevant product information.

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