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

Liquidity Services (NASDAQ:LQDT)‘s stock had its “outperform” rating reaffirmed by research analysts at Barrington Research in a research report issued on Monday, Benzinga reports. They currently have a $27.00 target price on the business services provider’s stock. Barrington Research’s price objective would suggest a potential upside of 48.11% from the stock’s previous close.

LQDT has been the topic of a number of other research reports. StockNews.com upgraded Liquidity Services from a “buy” rating to a “strong-buy” rating in a report on Friday, May 3rd. TheStreet cut Liquidity Services from a “b-” rating to a “c+” rating in a research report on Thursday, February 8th.

Liquidity Services Stock Performance

NASDAQ LQDT opened at $18.23 on Monday. The stock has a market cap of $560.03 million, a P/E ratio of 30.38 and a beta of 1.38. Liquidity Services has a fifty-two week low of $12.97 and a fifty-two week high of $21.10. The stock has a 50 day simple moving average of $17.86 and a two-hundred day simple moving average of $17.99.

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

Insider Transactions at Liquidity Services

In related news, Director George H. Ellis sold 6,000 shares of the stock in a transaction that occurred on Tuesday, February 27th. The shares were sold at an average price of $17.50, for a total transaction of $105,000.00. Following the transaction, the director now owns 19,402 shares in the company, valued at $339,535. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Company insiders own 29.77% of the company’s stock.

Institutional Investors Weigh In On Liquidity Services

Several hedge funds and other institutional investors have recently modified their holdings of LQDT. Dimensional Fund Advisors LP grew its stake in shares of Liquidity Services by 0.7% during the 4th quarter. Dimensional Fund Advisors LP now owns 1,140,649 shares of the business services provider’s stock valued at $19,630,000 after acquiring an additional 7,868 shares during the period. Pacer Advisors Inc. raised its position in shares of Liquidity Services by 72.6% during the fourth quarter. Pacer Advisors Inc. now owns 548,550 shares of the business services provider’s stock valued at $9,441,000 after buying an additional 230,755 shares during the last quarter. Wellington Management Group LLP lifted its holdings in shares of Liquidity Services by 1.0% in the fourth quarter. Wellington Management Group LLP now owns 419,600 shares of the business services provider’s stock worth $7,221,000 after buying an additional 4,100 shares in the last quarter. Punch & Associates Investment Management Inc. boosted its position in shares of Liquidity Services by 3.6% during the third quarter. Punch & Associates Investment Management Inc. now owns 357,500 shares of the business services provider’s stock worth $6,299,000 after acquiring an additional 12,500 shares during the last quarter. Finally, Rice Hall James & Associates LLC increased its holdings in Liquidity Services by 72.2% in the 1st quarter. Rice Hall James & Associates LLC now owns 339,838 shares of the business services provider’s stock valued at $6,321,000 after acquiring an additional 142,443 shares during the last quarter. 71.15% of the stock is currently owned by hedge funds and other institutional investors.

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.