Barrington Research Reaffirms "Outperform" Rating for Liquidity Services (NASDAQ:LQDT)

Liquidity Services (NASDAQ:LQDT - Get Free Report)'s stock had its "outperform" rating reiterated by stock analysts at Barrington Research in a research note issued to investors on Tuesday,Benzinga reports. They presently have a $40.00 price target on the business services provider's stock. Barrington Research's target price suggests a potential upside of 9.65% from the company's previous close.

A number of other analysts have also issued reports on the stock. Craig Hallum raised their target price on shares of Liquidity Services from $28.00 to $37.00 and gave the stock a "buy" rating in a research report on Friday, December 13th. StockNews.com lowered shares of Liquidity Services from a "strong-buy" rating to a "buy" rating in a research report on Friday, February 7th.

Liquidity Services Stock Up 2.2 %

Shares of LQDT traded up $0.77 during mid-day trading on Tuesday, reaching $36.48. 332,765 shares of the company's stock were exchanged, compared to its average volume of 281,738. The company has a 50-day simple moving average of $33.29 and a two-hundred day simple moving average of $26.48. Liquidity Services has a 52-week low of $16.58 and a 52-week high of $39.72. The company has a market cap of $1.12 billion, a price-to-earnings ratio of 48.64 and a beta of 1.36.

Liquidity Services (NASDAQ:LQDT - Get Free Report) last issued its quarterly earnings data on Thursday, February 6th. The business services provider reported $0.28 earnings per share for the quarter, topping analysts' consensus estimates of $0.22 by $0.06. Liquidity Services had a net margin of 6.37% and a return on equity of 20.94%.

Insider Buying and Selling at Liquidity Services

In other Liquidity Services news, Director Jaime Mateus-Tique sold 50,000 shares of Liquidity Services stock in a transaction on Monday, December 16th. The shares were sold at an average price of $33.22, for a total value of $1,661,000.00. Following the transaction, the director now owns 103,660 shares in the company, valued at $3,443,585.20. This trade represents a 32.54 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CFO Jorge Celaya sold 16,540 shares of Liquidity Services stock in a transaction on Monday, December 16th. The shares were sold at an average price of $34.10, for a total transaction of $564,014.00. Following the completion of the transaction, the chief financial officer now owns 33,608 shares in the company, valued at approximately $1,146,032.80. This trade represents a 32.98 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 157,388 shares of company stock worth $5,263,991 in the last quarter. 28.40% of the stock is owned by insiders.

Hedge Funds Weigh In On Liquidity Services

A number of hedge funds have recently made changes to their positions in LQDT. Harvest Fund Management Co. Ltd purchased a new position in shares of Liquidity Services in the 4th quarter valued at $38,000. Quarry LP purchased a new position in shares of Liquidity Services in the 4th quarter valued at $47,000. nVerses Capital LLC purchased a new position in shares of Liquidity Services in the 3rd quarter valued at $48,000. Aquatic Capital Management LLC raised its stake in shares of Liquidity Services by 257.6% in the 4th quarter. Aquatic Capital Management LLC now owns 1,788 shares of the business services provider's stock valued at $58,000 after acquiring an additional 1,288 shares during the period. Finally, R Squared Ltd purchased a new position in shares of Liquidity Services in the 4th quarter valued at $66,000. Institutional investors and hedge funds own 71.15% of the company's stock.

About Liquidity Services

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.