Liquidity Services (NASDAQ:LQDT) Given “Outperform” Rating at Barrington Research

Barrington Research reaffirmed their outperform rating on shares of Liquidity Services (NASDAQ:LQDT) in a report issued on Tuesday,Benzinga reports. Barrington Research currently has a $40.00 price target on the business services provider’s stock.

LQDT has been the topic of a number of other research reports. Craig Hallum raised their price objective on shares of Liquidity Services from $28.00 to $37.00 and gave the stock a “buy” rating in a report on Friday, December 13th. StockNews.com downgraded shares of Liquidity Services from a “strong-buy” rating to a “buy” rating in a report on Friday, February 7th.

Liquidity Services Price Performance

Shares of Liquidity Services stock opened at $35.71 on Tuesday. The firm has a market cap of $1.10 billion, a price-to-earnings ratio of 47.61 and a beta of 1.36. Liquidity Services has a 1 year low of $16.11 and a 1 year high of $39.72. The company has a 50-day moving average of $33.06 and a 200 day moving average of $26.35.

Liquidity Services (NASDAQ:LQDT) last released its quarterly earnings data on Thursday, February 6th. The business services provider reported $0.28 earnings per share for the quarter, beating analysts’ consensus estimates of $0.22 by $0.06. Liquidity Services had a net margin of 6.37% and a return on equity of 20.94%.

Insider Activity at Liquidity Services

In other news, SVP Steven Weiskircher sold 10,815 shares of the stock in a transaction on Monday, February 10th. The shares were sold at an average price of $33.99, for a total value of $367,601.85. Following the sale, the senior vice president now owns 58,401 shares of the company’s stock, valued at approximately $1,985,049.99. This represents a 15.63 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CFO Jorge Celaya sold 7,500 shares of the firm’s stock in a transaction dated Wednesday, February 12th. The stock was sold at an average price of $35.33, for a total transaction of $264,975.00. Following the completion of the transaction, the chief financial officer now directly owns 27,275 shares in the company, valued at $963,625.75. This represents a 21.57 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 157,388 shares of company stock valued at $5,263,991 over the last 90 days. 28.40% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Harvest Fund Management Co. Ltd bought a new stake in shares of Liquidity Services in the 4th quarter valued at about $38,000. nVerses Capital LLC purchased a new position in shares of Liquidity Services during the 3rd quarter valued at approximately $48,000. R Squared Ltd purchased a new position in shares of Liquidity Services during the 4th quarter valued at approximately $66,000. GAMMA Investing LLC increased its holdings 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 valued at $99,000 after purchasing an additional 1,005 shares in the last quarter. Finally, KLP Kapitalforvaltning AS acquired a new stake in Liquidity Services in the 4th quarter valued at $132,000. 71.15% of the stock is currently owned by 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.