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

Barrington Research reiterated their outperform rating on shares of Liquidity Services (NASDAQ:LQDT) in a report released on Monday morning, Benzinga reports. They currently have a $27.00 price objective on the business services provider’s stock.

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

Liquidity Services Stock Up 4.7 %

LQDT stock opened at $21.02 on Monday. Liquidity Services has a twelve month low of $13.99 and a twelve month high of $22.87. The stock has a market capitalization of $640.73 million, a price-to-earnings ratio of 32.34 and a beta of 1.35. The firm’s fifty day simple moving average is $20.19 and its two-hundred day simple moving average is $18.69.

Liquidity Services (NASDAQ:LQDT) last posted its quarterly earnings data on Thursday, May 9th. The business services provider reported $0.27 earnings per share for the quarter, beating 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 business had revenue of $91.45 million for the quarter. During the same quarter last year, the firm earned $0.20 EPS.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the company. GAMMA Investing LLC bought a new stake in Liquidity Services during the 4th quarter valued at $50,000. AJOVista LLC purchased a new position in shares of Liquidity Services during the fourth quarter valued at $53,000. Ashton Thomas Private Wealth LLC bought a new stake in shares of Liquidity Services in the second quarter valued at about $87,000. Quest Partners LLC purchased a new stake in Liquidity Services in the fourth quarter worth about $126,000. Finally, Louisiana State Employees Retirement System bought a new position in Liquidity Services during the 4th quarter worth about $193,000. Institutional investors own 71.15% of the company’s stock.

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.