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

Liquidity Services (NASDAQ:LQDT - Get Free Report)'s stock had its "outperform" rating restated by Barrington Research in a research note issued to investors on Tuesday,Benzinga reports. They presently have a $27.00 target price on the business services provider's stock. Barrington Research's target price suggests a potential upside of 7.36% from the stock's previous close.

Liquidity Services Stock Up 1.0 %

LQDT stock traded up $0.26 during midday trading on Tuesday, reaching $25.15. The stock had a trading volume of 180,725 shares, compared to its average volume of 118,048. Liquidity Services has a twelve month low of $13.99 and a twelve month high of $26.15. The firm has a market cap of $767.88 million, a price-to-earnings ratio of 39.51 and a beta of 1.42. The business has a fifty day simple moving average of $23.55 and a two-hundred day simple moving average of $21.87.

Insider Activity at Liquidity Services

In other news, CFO Jorge Celaya sold 10,000 shares of the firm's stock in a transaction dated Thursday, September 12th. The stock was sold at an average price of $22.03, for a total transaction of $220,300.00. Following the sale, the chief financial officer now owns 52,407 shares of the company's stock, valued at $1,154,526.21. This trade represents a 16.02 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. 29.77% of the stock is currently owned by company insiders.

Institutional Trading of Liquidity Services

Hedge funds have recently bought and sold shares of the stock. nVerses Capital LLC acquired a new position in Liquidity Services during the 3rd quarter worth approximately $48,000. Ashton Thomas Private Wealth LLC bought a new stake in shares of Liquidity Services during the 2nd quarter worth about $87,000. GAMMA Investing LLC grew its stake in Liquidity Services by 29.9% in the 3rd quarter. GAMMA Investing LLC now owns 4,362 shares of the business services provider's stock valued at $99,000 after buying an additional 1,005 shares during the last quarter. Centiva Capital LP bought a new position in Liquidity Services in the 3rd quarter valued at about $260,000. Finally, SG Americas Securities LLC bought a new stake in shares of Liquidity Services during the third quarter worth approximately $298,000. 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.