Liquidity Services’ (LQDT) Outperform Rating Reiterated at Barrington Research

Barrington Research restated their outperform rating on shares of Liquidity Services (NASDAQ:LQDT) in a report issued on Monday,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. Weiss Ratings reissued a “hold (c)” rating on shares of Liquidity Services in a research note on Wednesday, October 8th. Wall Street Zen downgraded Liquidity Services from a “strong-buy” rating to a “buy” rating in a research report on Saturday, August 9th. Two analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $38.50.

Liquidity Services Stock Performance

Shares of LQDT opened at $22.68 on Monday. Liquidity Services has a 1 year low of $21.67 and a 1 year high of $39.72. The company’s 50 day simple moving average is $25.02 and its 200 day simple moving average is $24.99. The company has a market capitalization of $708.46 million, a price-to-earnings ratio of 27.33 and a beta of 1.13.

Insider Buying and Selling at Liquidity Services

In related news, Director Jaime Mateus-Tique sold 5,403 shares of Liquidity Services stock in a transaction on Monday, September 15th. The stock was sold at an average price of $27.45, for a total value of $148,312.35. Following the transaction, the director owned 164,562 shares in the company, valued at approximately $4,517,226.90. This trade represents a 3.18% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Company insiders own 28.40% of the company’s stock.

Hedge Funds Weigh In On Liquidity Services

Large investors have recently modified their holdings of the company. Truist Financial Corp purchased a new position in shares of Liquidity Services in the 2nd quarter valued at $34,179,000. Ameriprise Financial Inc. grew its holdings in Liquidity Services by 55.1% during the 2nd quarter. Ameriprise Financial Inc. now owns 1,281,332 shares of the business services provider’s stock valued at $30,227,000 after purchasing an additional 454,988 shares in the last quarter. Royce & Associates LP grew its holdings in Liquidity Services by 281.9% during the 1st quarter. Royce & Associates LP now owns 540,928 shares of the business services provider’s stock valued at $16,774,000 after purchasing an additional 399,279 shares in the last quarter. Invesco Ltd. increased its stake in Liquidity Services by 243.1% during the 1st quarter. Invesco Ltd. now owns 405,489 shares of the business services provider’s stock worth $12,574,000 after buying an additional 287,301 shares during the period. Finally, CenterBook Partners LP acquired a new position in Liquidity Services in the 1st quarter worth $8,682,000. 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.