Liquidity Services (NASDAQ:LQDT) Rating Increased to Strong-Buy at StockNews.com

StockNews.com upgraded shares of Liquidity Services (NASDAQ:LQDT) from a buy rating to a strong-buy rating in a report released on Saturday morning.

LQDT has been the subject of several other research reports. Craig Hallum boosted their price objective on Liquidity Services from $28.00 to $37.00 and gave the company a “buy” rating in a report on Friday, December 13th. Barrington Research restated an “outperform” rating and issued a $27.00 price objective on shares of Liquidity Services in a research report on Tuesday, December 10th.

Liquidity Services Price Performance

Shares of Liquidity Services stock opened at $30.96 on Friday. The stock has a market cap of $951.74 million, a PE ratio of 49.14 and a beta of 1.42. The firm has a fifty day moving average price of $25.14 and a 200 day moving average price of $22.56. Liquidity Services has a 1 year low of $13.99 and a 1 year high of $36.00.

Insider Activity

In other news, Director Jaime Mateus-Tique sold 50,000 shares of Liquidity Services stock in a transaction dated Monday, December 16th. The shares were sold at an average price of $33.22, for a total value of $1,661,000.00. Following the sale, the director now owns 103,660 shares in the company, valued at $3,443,585.20. This trade represents a 32.54 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, EVP John Daunt sold 4,546 shares of the business’s stock in a transaction dated Tuesday, December 17th. The stock was sold at an average price of $31.68, for a total transaction of $144,017.28. Following the sale, the executive vice president now directly owns 43,309 shares of the company’s stock, valued at $1,372,029.12. This represents a 9.50 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 71,668 shares of company stock worth $2,388,418 in the last ninety days. Company insiders own 29.77% of the company’s stock.

Institutional Investors Weigh In On Liquidity Services

Several institutional investors have recently bought and sold shares of LQDT. Access Investment Management LLC boosted its stake in shares of Liquidity Services by 81.7% in the second quarter. Access Investment Management LLC now owns 82,335 shares of the business services provider’s stock worth $1,645,000 after acquiring an additional 37,010 shares during the last quarter. Panagora Asset Management Inc. boosted its holdings in shares of Liquidity Services by 14.6% during the 2nd quarter. Panagora Asset Management Inc. now owns 122,404 shares of the business services provider’s stock worth $2,446,000 after purchasing an additional 15,592 shares during the last quarter. Victory Capital Management Inc. grew its position in shares of Liquidity Services by 6.9% in the second quarter. Victory Capital Management Inc. now owns 57,606 shares of the business services provider’s stock valued at $1,151,000 after purchasing an additional 3,700 shares in the last quarter. Acadian Asset Management LLC increased its holdings in shares of Liquidity Services by 15.7% in the second quarter. Acadian Asset Management LLC now owns 503,600 shares of the business services provider’s stock valued at $10,060,000 after purchasing an additional 68,407 shares during the last quarter. Finally, Ashton Thomas Private Wealth LLC acquired a new stake in shares of Liquidity Services in the second quarter valued at approximately $87,000. 71.15% of the stock is currently owned by institutional investors and hedge funds.

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.