Liquidity Services (NASDAQ:LQDT) Stock Price Down 4% – Should You Sell?

Liquidity Services, Inc. (NASDAQ:LQDT) traded down 4% during mid-day trading on Monday . The stock traded as low as $34.10 and last traded at $34.13. 91,095 shares were traded during trading, a decline of 29% from the average session volume of 128,011 shares. The stock had previously closed at $35.54.

Wall Street Analyst Weigh In

Several equities analysts have recently weighed in on the stock. StockNews.com lowered shares of Liquidity Services from a “strong-buy” rating to a “buy” rating in a report on Friday, December 13th. Craig Hallum upped their price target on Liquidity Services from $28.00 to $37.00 and gave the stock a “buy” rating in a research note on Friday, December 13th. Finally, Barrington Research reissued an “outperform” rating and issued a $27.00 price objective on shares of Liquidity Services in a research note on Tuesday, December 10th.

Liquidity Services Stock Down 6.5 %

The company has a market capitalization of $957.89 million, a P/E ratio of 49.46 and a beta of 1.42. The firm’s 50-day moving average price is $24.60 and its 200 day moving average price is $22.35.

Institutional Trading of Liquidity Services

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in LQDT. Essex Investment Management Co. LLC bought a new position in shares of Liquidity Services in the third quarter valued at approximately $2,749,000. Pacer Advisors Inc. lifted its stake in Liquidity Services by 9.5% during the 3rd quarter. Pacer Advisors Inc. now owns 881,234 shares of the business services provider’s stock valued at $20,092,000 after acquiring an additional 76,794 shares in the last quarter. Acadian Asset Management LLC boosted its holdings in Liquidity Services by 15.7% during the 2nd quarter. Acadian Asset Management LLC now owns 503,600 shares of the business services provider’s stock worth $10,060,000 after acquiring an additional 68,407 shares during the last quarter. Allspring Global Investments Holdings LLC purchased a new position in Liquidity Services during the 3rd quarter worth $1,311,000. Finally, Access Investment Management LLC grew its stake in shares of Liquidity Services by 81.7% in the 2nd 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 in the last quarter. 71.15% of the stock is owned by institutional investors.

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.