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

Barrington Research reaffirmed their outperform rating on shares of Liquidity Services (NASDAQ:LQDT) in a research report sent to investors on Monday, Benzinga reports. Barrington Research currently has a $27.00 target price on the business services provider’s stock.

Separately, StockNews.com raised shares of Liquidity Services from a buy rating to a strong-buy rating in a research note on Monday, May 13th.

Liquidity Services Stock Up 0.7 %

Shares of Liquidity Services stock opened at $21.76 on Monday. Liquidity Services has a fifty-two week low of $13.99 and a fifty-two week high of $22.87. The business’s fifty day moving average is $21.03 and its two-hundred day moving average is $19.21. The firm has a market cap of $663.29 million, a PE ratio of 33.48 and a beta of 1.35.

Liquidity Services (NASDAQ:LQDT) last released its earnings results on Thursday, August 8th. The business services provider reported $0.30 earnings per share for the quarter, topping the consensus estimate of $0.24 by $0.06. The firm had revenue of $93.61 million for the quarter. Liquidity Services had a return on equity of 18.51% and a net margin of 6.30%. During the same quarter last year, the company posted $0.28 earnings per share.

Insiders Place Their Bets

In other news, Director Edward Kolodzieski sold 12,155 shares of Liquidity Services stock in a transaction dated Monday, August 19th. The stock was sold at an average price of $22.39, for a total value of $272,150.45. Following the transaction, the director now directly owns 53,074 shares of the company’s stock, valued at approximately $1,188,326.86. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other news, SVP Steven Weiskircher sold 20,045 shares of the stock in a transaction on Friday, August 23rd. The shares were sold at an average price of $21.80, for a total value of $436,981.00. Following the completion of the sale, the senior vice president now owns 80,097 shares of the company’s stock, valued at $1,746,114.60. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Edward Kolodzieski sold 12,155 shares of Liquidity Services stock in a transaction on Monday, August 19th. The shares were sold at an average price of $22.39, for a total transaction of $272,150.45. Following the transaction, the director now owns 53,074 shares in the company, valued at approximately $1,188,326.86. The disclosure for this sale can be found here. Insiders sold 95,240 shares of company stock worth $2,113,741 over the last three months. 29.77% of the stock is owned by insiders.

Institutional Trading of Liquidity Services

Several large investors have recently added to or reduced their stakes in LQDT. Louisiana State Employees Retirement System acquired a new stake in shares of Liquidity Services in the fourth quarter valued at about $193,000. Mackenzie Financial Corp grew its position in Liquidity Services by 23.9% in the fourth quarter. Mackenzie Financial Corp now owns 15,370 shares of the business services provider’s stock valued at $265,000 after acquiring an additional 2,968 shares in the last quarter. GAMMA Investing LLC purchased a new stake in shares of Liquidity Services during the fourth quarter valued at approximately $50,000. Yousif Capital Management LLC lifted its position in shares of Liquidity Services by 21.1% during the fourth quarter. Yousif Capital Management LLC now owns 13,729 shares of the business services provider’s stock worth $236,000 after purchasing an additional 2,393 shares in the last quarter. Finally, Victory Capital Management Inc. boosted its stake in shares of 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 valued at $550,000 after purchasing an additional 682 shares during the period. 71.15% of the stock is currently owned by institutional investors and hedge funds.

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.