Craig Hallum Increases Liquidity Services (NASDAQ:LQDT) Price Target to $37.00

Liquidity Services (NASDAQ:LQDT - Get Free Report) had its target price upped by research analysts at Craig Hallum from $28.00 to $37.00 in a research note issued to investors on Friday,Benzinga reports. The brokerage currently has a "buy" rating on the business services provider's stock. Craig Hallum's price target indicates a potential upside of 4.11% from the stock's current price.

Separately, Barrington Research restated an "outperform" rating and set a $27.00 price objective on shares of Liquidity Services in a research note on Tuesday.

Liquidity Services Stock Up 5.6 %

Shares of NASDAQ LQDT traded up $1.88 during trading on Friday, reaching $35.54. The company had a trading volume of 1,009,318 shares, compared to its average volume of 128,247. Liquidity Services has a 12-month low of $13.99 and a 12-month high of $35.80. The business's 50-day moving average is $23.91 and its 200 day moving average is $22.02. The stock has a market cap of $1.09 billion, a PE ratio of 53.43 and a beta of 1.42.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in LQDT. GAMMA Investing LLC raised its stake in Liquidity Services by 29.9% during 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. Franklin Resources Inc. boosted its holdings in Liquidity Services by 7.3% in the 3rd quarter. Franklin Resources Inc. now owns 15,009 shares of the business services provider's stock worth $339,000 after buying an additional 1,019 shares during the period. nVerses Capital LLC purchased a new position in shares of Liquidity Services in the third quarter worth $48,000. Geode Capital Management LLC boosted its position in shares of Liquidity Services by 0.5% during the third quarter. Geode Capital Management LLC now owns 515,584 shares of the business services provider's stock worth $11,757,000 after acquiring an additional 2,392 shares during the last quarter. Finally, Public Sector Pension Investment Board grew its stake in Liquidity Services by 5.2% during the second quarter. Public Sector Pension Investment Board now owns 48,925 shares of the business services provider's stock valued at $978,000 after acquiring an additional 2,430 shares in the last quarter. Institutional investors 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.