Liquidity Services, Inc. (NASDAQ:LQDT - Get Free Report) shares saw strong trading volume on Friday after Craig Hallum raised their price target on the stock from $28.00 to $37.00. Craig Hallum currently has a buy rating on the stock. 221,001 shares were traded during trading, an increase of 78% from the previous session's volume of 124,195 shares.The stock last traded at $34.81 and had previously closed at $33.66.
Separately, Barrington Research reiterated an "outperform" rating and set a $27.00 price target on shares of Liquidity Services in a research note on Tuesday.
Get Our Latest Stock Report on LQDT
Institutional Inflows and Outflows
Institutional investors have recently made changes to their positions in the business. GAMMA Investing LLC grew its stake in shares of Liquidity Services by 29.9% during the 3rd quarter. GAMMA Investing LLC now owns 4,362 shares of the business services provider's stock worth $99,000 after purchasing an additional 1,005 shares during the period. Franklin Resources Inc. increased its holdings in Liquidity Services by 7.3% in the third quarter. Franklin Resources Inc. now owns 15,009 shares of the business services provider's stock valued at $339,000 after buying an additional 1,019 shares in the last quarter. nVerses Capital LLC purchased a new position in Liquidity Services in the third quarter valued at $48,000. Geode Capital Management LLC raised its position in shares of Liquidity Services by 0.5% in 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 period. Finally, Public Sector Pension Investment Board grew its position in shares of Liquidity Services by 5.2% during the 2nd 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 during the period. Hedge funds and other institutional investors own 71.15% of the company's stock.
Liquidity Services Stock Performance
The stock has a market cap of $1.09 billion, a PE ratio of 56.41 and a beta of 1.42. The company has a 50 day moving average of $24.18 and a two-hundred day moving average of $22.13.
Liquidity Services Company Profile
(
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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.
Further Reading
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