Barrington Research Reiterates “Outperform” Rating for Liquidity Services (NASDAQ:LQDT)

Liquidity Services (NASDAQ:LQDT)‘s stock had its “outperform” rating restated by analysts at Barrington Research in a note issued to investors on Tuesday,Benzinga reports. They currently have a $27.00 price objective on the business services provider’s stock. Barrington Research’s price objective suggests a potential upside of 8.48% from the company’s current price.

Liquidity Services Trading Up 0.6 %

Shares of LQDT stock opened at $24.89 on Tuesday. The company has a market capitalization of $759.94 million, a price-to-earnings ratio of 39.51 and a beta of 1.42. The firm has a 50-day moving average price of $23.55 and a 200 day moving average price of $21.87. Liquidity Services has a twelve month low of $13.99 and a twelve month high of $26.15.

Insiders Place Their Bets

In related news, CFO Jorge Celaya sold 10,000 shares of the firm’s stock in a transaction that occurred on Thursday, September 12th. The shares were sold at an average price of $22.03, for a total value of $220,300.00. Following the sale, the chief financial officer now directly owns 52,407 shares of the company’s stock, valued at approximately $1,154,526.21. This trade represents a 16.02 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 29.77% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Liquidity Services

A number of large investors have recently bought and sold shares of the stock. Royce & Associates LP purchased a new position in shares of Liquidity Services in the 3rd quarter worth $488,000. Allspring Global Investments Holdings LLC acquired a new position in shares of Liquidity Services in the 3rd quarter valued at about $1,311,000. Intech Investment Management LLC acquired a new position in shares of Liquidity Services in the 3rd quarter valued at about $518,000. Acadian Asset Management LLC grew its stake in Liquidity Services by 15.7% during the second quarter. Acadian Asset Management LLC now owns 503,600 shares of the business services provider’s stock worth $10,060,000 after buying an additional 68,407 shares during the period. Finally, Dynamic Technology Lab Private Ltd acquired a new stake in shares of Liquidity Services in the third quarter worth $496,000. 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.