Liquidity Services (NASDAQ:LQDT) Upgraded at StockNews.com

StockNews.com upgraded shares of Liquidity Services (NASDAQ:LQDT - Free Report) from a buy rating to a strong-buy rating in a report issued on Saturday morning.

Other equities research analysts have also issued research reports about the company. Craig Hallum lifted their price target on Liquidity Services from $28.00 to $37.00 and gave the stock a "buy" rating in a research note on Friday, December 13th. Barrington Research restated an "outperform" rating and issued a $27.00 target price on shares of Liquidity Services in a research report on Tuesday, December 10th.

Liquidity Services Stock Down 1.4 %

Shares of NASDAQ LQDT traded down $0.45 during mid-day trading on Friday, reaching $30.96. 1,430,514 shares of the company were exchanged, compared to its average volume of 141,732. Liquidity Services has a 52 week low of $13.99 and a 52 week high of $36.00. The company's 50 day moving average price is $25.14 and its 200 day moving average price is $22.56. The stock has a market capitalization of $951.74 million, a PE ratio of 49.14 and a beta of 1.42.

Insiders Place Their Bets

In related news, Director Jaime Mateus-Tique sold 50,000 shares of the firm's stock in a transaction that occurred on Monday, December 16th. The stock was sold at an average price of $33.22, for a total transaction of $1,661,000.00. Following the transaction, the director now directly owns 103,660 shares in the company, valued at $3,443,585.20. This trade represents a 32.54 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO Jorge Celaya sold 16,540 shares of the business's stock in a transaction that occurred on Monday, December 16th. The shares were sold at an average price of $34.10, for a total value of $564,014.00. Following the completion of the sale, the chief financial officer now owns 33,608 shares of the company's stock, valued at $1,146,032.80. The trade was a 32.98 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 71,668 shares of company stock valued at $2,388,418 over the last three months. Insiders own 29.77% of the company's stock.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in the company. Essex Investment Management Co. LLC purchased a new stake in Liquidity Services during the 3rd quarter valued at $2,749,000. Pacer Advisors Inc. boosted its holdings in shares of Liquidity Services by 9.5% during the third quarter. Pacer Advisors Inc. now owns 881,234 shares of the business services provider's stock worth $20,092,000 after purchasing an additional 76,794 shares during the period. Acadian Asset Management LLC grew its stake in shares of Liquidity Services by 15.7% in the second quarter. Acadian Asset Management LLC now owns 503,600 shares of the business services provider's stock worth $10,060,000 after purchasing an additional 68,407 shares during the last quarter. Allspring Global Investments Holdings LLC bought a new stake in shares of Liquidity Services in the third quarter worth about $1,311,000. Finally, Access Investment Management LLC raised its position in Liquidity Services by 81.7% during the 2nd quarter. Access Investment Management LLC now owns 82,335 shares of the business services provider's stock valued at $1,645,000 after purchasing an additional 37,010 shares during 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.