StockNews.com Lowers Liquidity Services (NASDAQ:LQDT) to Buy

StockNews.com cut shares of Liquidity Services (NASDAQ:LQDT) from a strong-buy rating to a buy rating in a report released on Friday.

Separately, Barrington Research boosted their target price on Liquidity Services from $20.00 to $27.00 and gave the company an outperform rating in a research note on Monday, August 14th.

Liquidity Services Trading Down 1.5 %

LQDT stock opened at $20.59 on Friday. The stock has a market cap of $631.93 million, a PE ratio of 29.00 and a beta of 1.50. The stock has a 50-day moving average price of $19.00 and a two-hundred day moving average price of $17.43. Liquidity Services has a 1 year low of $11.97 and a 1 year high of $21.10.

Insiders Place Their Bets

In other news, SVP Steven Weiskircher sold 14,495 shares of the firm’s stock in a transaction dated Wednesday, August 30th. The stock was sold at an average price of $18.17, for a total value of $263,374.15. Following the completion of the transaction, the senior vice president now owns 88,335 shares in the company, valued at approximately $1,605,046.95. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. In other Liquidity Services news, SVP Steven Weiskircher sold 14,495 shares of the stock in a transaction on Wednesday, August 30th. The shares were sold at an average price of $18.17, for a total value of $263,374.15. Following the completion of the sale, the senior vice president now owns 88,335 shares in the company, valued at $1,605,046.95. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, CEO William P. Angrick III sold 25,104 shares of the business’s stock in a transaction dated Tuesday, September 5th. The stock was sold at an average price of $17.51, for a total transaction of $439,571.04. Following the transaction, the chief executive officer now owns 5,116,295 shares in the company, valued at $89,586,325.45. The disclosure for this sale can be found here. Insiders have sold 208,588 shares of company stock valued at $3,783,960 in the last three months. 30.41% of the stock is currently owned by corporate insiders.

Institutional Trading of Liquidity Services

Hedge funds have recently made changes to their positions in the business. Millennium Management LLC bought a new stake in shares of Liquidity Services during the fourth quarter worth approximately $4,336,000. Silvercrest Asset Management Group LLC increased its position in Liquidity Services by 32.8% during the 2nd quarter. Silvercrest Asset Management Group LLC now owns 1,115,746 shares of the business services provider’s stock worth $18,410,000 after buying an additional 275,768 shares during the period. Boston Partners bought a new position in Liquidity Services during the 3rd quarter worth $2,815,000. Roubaix Capital LLC bought a new stake in shares of Liquidity Services in the third quarter valued at about $2,799,000. Finally, BlackRock Inc. grew its stake in shares of Liquidity Services by 3.4% in the third quarter. BlackRock Inc. now owns 4,144,617 shares of the business services provider’s stock valued at $67,393,000 after acquiring an additional 137,083 shares in the last quarter. 70.21% of the stock is owned by institutional investors and hedge funds.

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. It operates through four segments: GovDeals, Retail Supply Chain Group (RSCG), Capital Assets Group (CAG), and Machinio. The company's 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.