StockNews.com Upgrades Liquidity Services (NASDAQ:LQDT) to Strong-Buy

StockNews.com upgraded shares of Liquidity Services (NASDAQ:LQDT) from a buy rating to a strong-buy rating in a research report sent to investors on Friday morning.

LQDT has been the subject of a number of other reports. Barrington Research reiterated an outperform rating and set a $27.00 price target on shares of Liquidity Services in a report on Thursday, February 8th. TheStreet lowered shares of Liquidity Services from a b- rating to a c+ rating in a research report on Thursday, February 8th.

Liquidity Services Price Performance

NASDAQ LQDT opened at $17.94 on Friday. The firm has a market cap of $551.10 million, a P/E ratio of 29.90 and a beta of 1.38. The stock’s 50-day moving average is $17.84 and its two-hundred day moving average is $18.01. Liquidity Services has a fifty-two week low of $12.97 and a fifty-two week high of $21.10.

Liquidity Services (NASDAQ:LQDT) last posted its earnings results on Thursday, February 8th. The business services provider reported $0.14 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.16 by ($0.02). Liquidity Services had a net margin of 6.03% and a return on equity of 17.62%. The firm had revenue of $71.33 million during the quarter.

Insiders Place Their Bets

In other Liquidity Services news, Director George H. Ellis sold 6,000 shares of the company’s stock in a transaction on Tuesday, February 27th. The stock was sold at an average price of $17.50, for a total value of $105,000.00. Following the sale, the director now directly owns 19,402 shares in the company, valued at $339,535. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 29.77% of the company’s stock.

Hedge Funds Weigh In On Liquidity Services

Institutional investors have recently bought and sold shares of the business. GAMMA Investing LLC bought a new position in shares of Liquidity Services in the fourth quarter valued at about $50,000. AJOVista LLC bought a new stake in shares of Liquidity Services during the fourth quarter worth approximately $53,000. Quantbot Technologies LP raised its position in shares of Liquidity Services by 88.3% during the 3rd quarter. Quantbot Technologies LP now owns 4,377 shares of the business services provider’s stock valued at $77,000 after acquiring an additional 2,052 shares during the last quarter. DekaBank Deutsche Girozentrale acquired a new position in Liquidity Services in the third quarter valued at about $112,000. Finally, Quest Partners LLC bought a new stake in Liquidity Services in the fourth quarter valued at approximately $126,000. 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.