Liquidity Services, Inc. (NASDAQ: LQDT – Get a rating) shares widened ahead of Monday’s trading. The stock had previously closed at $13.96, but opened at $14.53. Liquidity Services shares last traded at $15.02, with volume of 1,378 shares changing hands.
A number of brokerages have recently commented on LQDT. StockNews.com downgraded shares of Liquidity Services from a “strong buy” rating to a “buy” rating in a research note on Tuesday. TheStreet downgraded shares of Liquidity Services from a “b-” rating to a “c+” rating in a Friday, June 24 research note. Finally, Craig Hallum began covering Liquidity Services stocks in a research report on Monday. They set a “buy” rating and a target price of $28.00 on the stock.
The stock’s 50-day simple moving average is $14.02 and its 200-day simple moving average is $16.97. The stock has a market capitalization of $507.31 million, a price/earnings ratio of 8.80 and a beta of 1.23.
Liquidity services (NASDAQ: LQDT – Get a rating) last released its quarterly results on Thursday, May 5. The business services provider reported earnings per share of $0.17 for the quarter, beating analyst consensus estimates of $0.16 by $0.01. Liquidity Services posted a net margin of 20.64% and a return on equity of 23.28%. The company had revenue of $68.28 million in the quarter.
In other news, Insider John Daunt sold 4,594 shares of the company in a transaction that took place on Thursday, March 31. The shares were sold at an average price of $17.85, for a total transaction of $82,002.90. The sale was disclosed in a filing with the Securities & Exchange Commission, accessible via the SEC website. Company insiders hold 29.33% of the company’s shares.
Large investors have recently changed their stock holdings. Roubaix Capital LLC bought a new position in Liquidity Services in Q4 valued at around $3,866,000. New York State Teachers Retirement System increased its stake in Liquidity Services by 3.8% in the fourth quarter. The New York State Teachers’ Retirement System now owns 51,479 shares of the business services provider valued at $1,137,000 after buying an additional 1,882 shares in the last quarter. Alpha Paradigm Partners LLC bought a new position in Liquidity Services in Q4, valued at around $447,000. Values First Advisors Inc. acquired a new position in Liquidity Services in Q4 valued at approximately $1,249,000. Finally, Harvest Investment Services LLC bought a new position in Liquidity Services in Q4 valued at around $359,000. 67.53% of the shares are held by institutional investors and hedge funds.
Liquidity Services Company Profile (NASDAQ: LQDT)
Liquidity Services, Inc provides e-commerce marketplaces, standalone auction listing tools, and value-added services. It operates through four segments: Retail Supply Chain Group, Capital Assets Group, GovDeals and Machinio. The Company’s marketplaces include liquidation.com which allows businesses to sell surplus and salvage consumer goods and retail fixed assets; The GovDeals Marketplace, which provides self-managed service solutions where sellers list their own assets, allowing local and state government entities and commercial businesses located in the United States and Canada to sell surplus assets and recovery ; and AllSurplus, a centralized marketplace that connects a global buyer base with assets from across the marketplace network in a single destination.
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