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

Barrington Research reissued their outperform rating on shares of Liquidity Services (NASDAQ:LQDT) in a research note published on Tuesday morning,Benzinga reports. The firm currently has a $27.00 price target on the business services provider’s stock.

Liquidity Services Stock Up 1.0 %

NASDAQ LQDT opened at $25.15 on Tuesday. Liquidity Services has a twelve month low of $13.99 and a twelve month high of $26.15. The stock has a market cap of $767.88 million, a P/E ratio of 39.92 and a beta of 1.42. The company’s 50-day simple moving average is $23.61 and its 200 day simple moving average is $21.91.

Insider Buying and Selling

In other Liquidity Services news, CFO Jorge Celaya sold 10,000 shares of the stock in a transaction on Thursday, September 12th. The stock was sold at an average price of $22.03, for a total transaction of $220,300.00. Following the completion of the transaction, the chief financial officer now directly owns 52,407 shares in the company, valued at $1,154,526.21. This represents a 16.02 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. 29.77% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Liquidity Services

Several large investors have recently made changes to their positions in the company. Price T Rowe Associates Inc. MD boosted its position in Liquidity Services by 4.3% in the first quarter. Price T Rowe Associates Inc. MD now owns 20,894 shares of the business services provider’s stock valued at $389,000 after buying an additional 870 shares in the last quarter. GAMMA Investing LLC raised its stake in shares of Liquidity Services by 29.9% in the third quarter. GAMMA Investing LLC now owns 4,362 shares of the business services provider’s stock valued at $99,000 after acquiring an additional 1,005 shares during the last quarter. Franklin Resources Inc. boosted its holdings in shares of Liquidity Services by 7.3% in the 3rd quarter. Franklin Resources Inc. now owns 15,009 shares of the business services provider’s stock worth $339,000 after acquiring an additional 1,019 shares in the last quarter. nVerses Capital LLC bought a new stake in Liquidity Services during the 3rd quarter worth approximately $48,000. Finally, Geode Capital Management LLC increased its holdings in Liquidity Services by 0.5% during the 3rd quarter. Geode Capital Management LLC now owns 515,584 shares of the business services provider’s stock valued at $11,757,000 after purchasing an additional 2,392 shares in the last quarter. 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.