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 note issued to investors on Wednesday,Benzinga reports. They currently have a $40.00 target price on the business services provider's stock. Barrington Research's price target suggests a potential upside of 26.58% from the company's current price.

A number of other equities research analysts also recently weighed in on the company. StockNews.com downgraded Liquidity Services from a "strong-buy" rating to a "buy" rating in a research report on Tuesday, March 4th. Craig Hallum boosted their target price on Liquidity Services from $28.00 to $37.00 and gave the stock a "buy" rating in a research report on Friday, December 13th.

Liquidity Services Stock Up 2.3 %

LQDT traded up $0.70 during trading on Wednesday, hitting $31.60. The company's stock had a trading volume of 859,102 shares, compared to its average volume of 173,182. The firm's 50 day moving average price is $33.54 and its two-hundred day moving average price is $28.34. Liquidity Services has a 12 month low of $16.79 and a 12 month high of $39.72. The stock has a market capitalization of $980.83 million, a price-to-earnings ratio of 42.13 and a beta of 1.26.

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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 (EPS) for the quarter, beating the consensus estimate of $0.22 by $0.06. Liquidity Services had a return on equity of 20.94% and a net margin of 6.37%.

Insider Buying and Selling

In other Liquidity Services news, insider Novelette Murray sold 7,938 shares of the business's stock in a transaction dated Tuesday, February 25th. The stock was sold at an average price of $33.96, for a total value of $269,574.48. Following the completion of the transaction, the insider now directly owns 36,181 shares of the company's stock, valued at approximately $1,228,706.76. The trade was a 17.99 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Edward Kolodzieski sold 2,000 shares of the business's stock in a transaction dated Tuesday, December 31st. The shares were sold at an average price of $32.90, for a total value of $65,800.00. Following the completion of the transaction, the director now directly owns 15,229 shares of the company's stock, valued at approximately $501,034.10. The trade was a 11.61 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 72,658 shares of company stock valued at $2,508,408 over the last three months. Company insiders own 28.40% of the company's stock.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently modified their holdings of the company. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its position in shares of Liquidity Services by 25.5% during the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 71,511 shares of the business services provider's stock worth $2,309,000 after buying an additional 14,542 shares during the period. Squarepoint Ops LLC acquired a new position in shares of Liquidity Services during the fourth quarter worth about $317,000. Two Sigma Advisers LP boosted its position in shares of Liquidity Services by 48.4% during the fourth quarter. Two Sigma Advisers LP now owns 69,300 shares of the business services provider's stock worth $2,238,000 after buying an additional 22,600 shares during the period. Two Sigma Investments LP boosted its position in shares of Liquidity Services by 108.1% during the fourth quarter. Two Sigma Investments LP now owns 98,014 shares of the business services provider's stock worth $3,165,000 after buying an additional 50,925 shares during the period. Finally, Tidal Investments LLC boosted its position in shares of Liquidity Services by 13.6% during the fourth quarter. Tidal Investments LLC now owns 40,415 shares of the business services provider's stock worth $1,305,000 after buying an additional 4,849 shares during the period. 71.15% of the stock is owned by institutional investors and hedge funds.

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.