Liquidity Services (NASDAQ:LQDT) Receives “Outperform” Rating from Barrington Research

Barrington Research reiterated their outperform rating on shares of Liquidity Services (NASDAQ:LQDT) in a research note issued to investors on Monday morning, Benzinga reports. They currently have a $27.00 target price on the business services provider’s stock.

Separately, StockNews.com upgraded Liquidity Services from a buy rating to a strong-buy rating in a report on Monday, May 13th.

Liquidity Services Stock Down 1.6 %

LQDT traded down $0.33 on Monday, reaching $20.08. 116,172 shares of the company traded hands, compared to its average volume of 121,949. The company has a market cap of $612.08 million, a P/E ratio of 30.89 and a beta of 1.35. The firm has a fifty day simple moving average of $20.12 and a two-hundred day simple moving average of $18.64. Liquidity Services has a one year low of $13.99 and a one year high of $22.87.

Liquidity Services (NASDAQ:LQDT) last announced its quarterly earnings results on Thursday, May 9th. The business services provider reported $0.27 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.22 by $0.05. The firm had revenue of $91.45 million during the quarter. Liquidity Services had a return on equity of 18.51% and a net margin of 6.30%. During the same quarter in the previous year, the firm posted $0.20 EPS.

Institutional Trading of Liquidity Services

A number of hedge funds have recently bought and sold shares of LQDT. GAMMA Investing LLC raised its position in shares of Liquidity Services by 19.2% in the 2nd quarter. GAMMA Investing LLC now owns 3,357 shares of the business services provider’s stock worth $67,000 after acquiring an additional 540 shares in the last quarter. Victory Capital Management Inc. raised its holdings in Liquidity Services by 2.2% in the fourth quarter. Victory Capital Management Inc. now owns 31,950 shares of the business services provider’s stock worth $550,000 after purchasing an additional 682 shares in the last quarter. Price T Rowe Associates Inc. MD boosted its holdings in shares of Liquidity Services by 4.3% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 20,894 shares of the business services provider’s stock valued at $389,000 after buying an additional 870 shares in the last quarter. Teacher Retirement System of Texas boosted its holdings in shares of Liquidity Services by 6.0% in the 4th quarter. Teacher Retirement System of Texas now owns 29,017 shares of the business services provider’s stock valued at $499,000 after buying an additional 1,637 shares in the last quarter. Finally, Yousif Capital Management LLC grew its position in shares of Liquidity Services by 21.1% in the 4th quarter. Yousif Capital Management LLC now owns 13,729 shares of the business services provider’s stock worth $236,000 after buying an additional 2,393 shares during the last quarter. Hedge funds and other institutional investors own 71.15% of the company’s stock.

Liquidity Services Company Profile

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.