Liquidity Services (NASDAQ:LQDT) Hits New 1-Year Low – Here’s Why

Liquidity Services, Inc. (NASDAQ:LQDT) shares hit a new 52-week low on Thursday . The company traded as low as $22.05 and last traded at $21.69, with a volume of 33417 shares traded. The stock had previously closed at $23.47.

Wall Street Analysts Forecast Growth

A number of equities analysts recently weighed in on the stock. Weiss Ratings restated a “hold (c)” rating on shares of Liquidity Services in a report on Wednesday, October 8th. Barrington Research reiterated an “outperform” rating and issued a $40.00 price objective on shares of Liquidity Services in a report on Thursday, August 21st. Finally, Wall Street Zen downgraded shares of Liquidity Services from a “strong-buy” rating to a “buy” rating in a report on Saturday, August 9th. Two equities research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company. According to data from MarketBeat.com, Liquidity Services currently has an average rating of “Moderate Buy” and an average target price of $38.50.

Liquidity Services Price Performance

The stock’s 50-day moving average price is $25.75 and its 200-day moving average price is $25.58. The company has a market cap of $690.90 million, a P/E ratio of 26.63 and a beta of 1.09.

Liquidity Services (NASDAQ:LQDT) last announced its earnings results on Thursday, August 7th. The business services provider reported $0.34 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.32 by $0.02. The company had revenue of $119.88 million during the quarter, compared to analysts’ expectations of $120.41 million. Liquidity Services had a net margin of 6.25% and a return on equity of 20.75%.

Insider Transactions at Liquidity Services

In other news, Director Jaime Mateus-Tique sold 5,403 shares of the business’s stock in a transaction dated Monday, September 15th. The shares were sold at an average price of $27.45, for a total value of $148,312.35. Following the completion of the sale, the director owned 164,562 shares of the company’s stock, valued at approximately $4,517,226.90. The trade was a 3.18% 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, Director George H. Ellis sold 7,500 shares of the company’s stock in a transaction dated Wednesday, August 13th. The stock was sold at an average price of $25.35, for a total transaction of $190,125.00. Following the sale, the director directly owned 15,708 shares of the company’s stock, valued at $398,197.80. This represents a 32.32% decrease in their position. The SEC filing for this sale provides additional information. In the last three months, insiders sold 17,500 shares of company stock valued at $464,579. 28.40% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Liquidity Services

Several institutional investors and hedge funds have recently bought and sold shares of the company. Zurcher Kantonalbank Zurich Cantonalbank raised its holdings in Liquidity Services by 11.5% in the 1st quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 4,606 shares of the business services provider’s stock valued at $143,000 after buying an additional 476 shares during the last quarter. Rhumbline Advisers raised its holdings in Liquidity Services by 0.8% in the 1st quarter. Rhumbline Advisers now owns 63,884 shares of the business services provider’s stock valued at $1,981,000 after buying an additional 486 shares during the last quarter. Fuller & Thaler Asset Management Inc. raised its holdings in Liquidity Services by 3.2% in the 1st quarter. Fuller & Thaler Asset Management Inc. now owns 15,895 shares of the business services provider’s stock valued at $493,000 after buying an additional 500 shares during the last quarter. Linden Thomas Advisory Services LLC raised its holdings in Liquidity Services by 8.0% in the 1st quarter. Linden Thomas Advisory Services LLC now owns 7,344 shares of the business services provider’s stock valued at $228,000 after buying an additional 544 shares during the last quarter. Finally, Quarry LP raised its holdings in Liquidity Services by 38.0% in the 1st quarter. Quarry LP now owns 2,006 shares of the business services provider’s stock valued at $62,000 after buying an additional 552 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.