Liquidity Services (NASDAQ:LQDT) Upgraded at StockNews.com

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

Several other equities research analysts also recently issued reports on the stock. Barrington Research restated an “outperform” rating and set a $27.00 price objective on shares of Liquidity Services in a research report on Tuesday, December 10th. Craig Hallum lifted their price target on Liquidity Services from $28.00 to $37.00 and gave the stock a “buy” rating in a report on Friday, December 13th.

Liquidity Services Stock Performance

NASDAQ LQDT opened at $31.20 on Friday. The stock has a market cap of $959.12 million, a PE ratio of 49.52 and a beta of 1.42. The firm has a 50-day moving average of $25.14 and a 200-day moving average of $22.60. Liquidity Services has a 52-week low of $13.99 and a 52-week high of $36.00.

Insider Buying and Selling

In related news, Director Edward Kolodzieski sold 2,000 shares of the stock in a transaction that occurred on Monday, December 23rd. The stock was sold at an average price of $31.90, for a total transaction of $63,800.00. Following the sale, the director now owns 17,229 shares of the company’s stock, valued at $549,605.10. This represents a 10.40 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, CFO Jorge Celaya sold 16,540 shares of Liquidity Services stock in a transaction on Monday, December 16th. The shares were sold at an average price of $34.10, for a total value of $564,014.00. Following the completion of the transaction, the chief financial officer now directly owns 33,608 shares of the company’s stock, valued at $1,146,032.80. This represents a 32.98 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 99,668 shares of company stock valued at $3,265,758. 29.77% of the stock is owned by company insiders.

Institutional Investors Weigh In On Liquidity Services

Several institutional investors and hedge funds have recently bought and sold shares of the company. GAMMA Investing LLC raised its position in shares of Liquidity Services by 29.9% in the 3rd quarter. GAMMA Investing LLC now owns 4,362 shares of the business services provider’s stock valued at $99,000 after buying an additional 1,005 shares in the last quarter. Franklin Resources Inc. increased its stake in Liquidity Services by 7.3% in the third quarter. Franklin Resources Inc. now owns 15,009 shares of the business services provider’s stock valued at $339,000 after acquiring an additional 1,019 shares during the last quarter. nVerses Capital LLC acquired a new position in Liquidity Services during the third quarter valued at approximately $48,000. Geode Capital Management LLC lifted its stake in Liquidity Services by 0.5% during the third quarter. Geode Capital Management LLC now owns 515,584 shares of the business services provider’s stock worth $11,757,000 after purchasing an additional 2,392 shares during the last quarter. Finally, Public Sector Pension Investment Board lifted its stake in Liquidity Services by 5.2% during the second quarter. Public Sector Pension Investment Board now owns 48,925 shares of the business services provider’s stock worth $978,000 after purchasing an additional 2,430 shares during 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.