Barrington Research Reaffirms “Outperform” Rating for Liquidity Services (NASDAQ:LQDT)

Barrington Research restated their outperform rating on shares of Liquidity Services (NASDAQ:LQDT) in a research report sent to investors on Monday, Benzinga reports. They currently have a $27.00 target price on the business services provider’s stock.

Separately, StockNews.com raised Liquidity Services from a buy rating to a strong-buy rating in a report on Monday, May 13th.

Liquidity Services Stock Performance

Shares of LQDT traded down $0.33 during midday trading on Monday, hitting $20.08. The company had a trading volume of 116,172 shares, compared to its average volume of 121,949. The company’s 50-day simple moving average is $20.12 and its 200-day simple moving average is $18.64. Liquidity Services has a 1 year low of $13.99 and a 1 year high of $22.87. The firm has a market capitalization of $612.08 million, a P/E ratio of 30.89 and a beta of 1.35.

Liquidity Services (NASDAQ:LQDT) last issued its quarterly earnings results on Thursday, May 9th. The business services provider reported $0.27 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.22 by $0.05. Liquidity Services had a net margin of 6.30% and a return on equity of 18.51%. The company had revenue of $91.45 million during the quarter. During the same quarter in the prior year, the firm earned $0.20 EPS.

Hedge Funds Weigh In On Liquidity Services

Several hedge funds have recently added to or reduced their stakes in LQDT. GAMMA Investing LLC purchased a new stake in shares of Liquidity Services during the 4th quarter worth approximately $50,000. AJOVista LLC purchased a new stake in Liquidity Services in the fourth quarter valued at $53,000. Quest Partners LLC acquired a new position in Liquidity Services in the fourth quarter valued at $126,000. Louisiana State Employees Retirement System purchased a new position in shares of Liquidity Services during the fourth quarter worth about $193,000. Finally, Jupiter Asset Management Ltd. acquired a new stake in shares of Liquidity Services during the first quarter worth about $202,000. 71.15% of the stock is currently owned by hedge funds and other institutional investors.

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.