Liquidity Services (NASDAQ:LQDT) was upgraded by ValuEngine from a “hold” rating to a “buy” rating in a research report issued to clients and investors on Wednesday.
Several other research analysts also recently weighed in on LQDT. Zacks Investment Research downgraded shares of Liquidity Services from a “hold” rating to a “sell” rating in a research report on Tuesday, June 19th. Barrington Research set a $10.00 price target on shares of Liquidity Services and gave the stock a “buy” rating in a research report on Tuesday, May 1st.
Liquidity Services stock traded up $0.20 during midday trading on Wednesday, reaching $6.70. 61,300 shares of the company traded hands, compared to its average volume of 114,054. The company has a market cap of $215.08 million, a price-to-earnings ratio of -6.84 and a beta of 0.51. Liquidity Services has a 12 month low of $4.34 and a 12 month high of $7.65.
Liquidity Services (NASDAQ:LQDT) last issued its quarterly earnings data on Thursday, May 3rd. The business services provider reported ($0.12) earnings per share for the quarter, beating the Zacks’ consensus estimate of ($0.14) by $0.02. The company had revenue of $43.10 million for the quarter, compared to the consensus estimate of $60.16 million. Liquidity Services had a negative net margin of 12.72% and a negative return on equity of 19.31%. equities research analysts predict that Liquidity Services will post -0.71 earnings per share for the current fiscal year.
In other Liquidity Services news, insider Roger Gravley sold 12,385 shares of the stock in a transaction that occurred on Monday, April 2nd. The shares were sold at an average price of $6.23, for a total value of $77,158.55. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. 22.10% of the stock is currently owned by company insiders.
Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Matarin Capital Management LLC bought a new position in Liquidity Services in the first quarter worth approximately $104,000. SG Americas Securities LLC bought a new position in Liquidity Services in the fourth quarter worth approximately $105,000. Citadel Advisors LLC bought a new position in Liquidity Services in the fourth quarter worth approximately $115,000. Trexquant Investment LP bought a new position in Liquidity Services in the first quarter worth approximately $141,000. Finally, Millennium Management LLC bought a new stake in shares of Liquidity Services during the 4th quarter valued at $148,000. Institutional investors and hedge funds own 66.68% of the company’s stock.
Liquidity Services Company Profile
Liquidity Services, Inc provides e-commerce marketplace solutions to manage, value, and sell inventory and equipment for business and government clients in the United States. The company's marketplaces include liquidation.com that enable corporations to sell surplus and salvage consumer goods and capital assets; govliquidation.com, which enables federal government agencies and commercial businesses to sell surplus and scrap assets; govdeals.com that enables local and state government entities, school boards, and public utilities to sell surplus and salvage assets; auctiondeals.com self-service solution which enable sellers list their assets to commercial businesses to sell surplus and salvage assets.
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