Liquidity Services (NASDAQ:LQDT) Upgraded by StockNews.com to “Strong-Buy” Rating

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

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

Liquidity Services Stock Performance

Shares of LQDT stock opened at $30.96 on Friday. The firm has a market cap of $951.74 million, a P/E ratio of 49.14 and a beta of 1.42. The firm’s 50 day moving average price is $25.14 and its 200-day moving average price is $22.56. Liquidity Services has a one year low of $13.99 and a one year high of $36.00.

Insider Transactions at Liquidity Services

In related news, 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 value of $144,017.28. Following the transaction, the executive vice president now owns 43,309 shares in the company, valued at $1,372,029.12. The trade was a 9.50 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, CFO Jorge Celaya sold 16,540 shares of the company’s stock in a transaction that occurred on Monday, December 16th. The stock was sold at an average price of $34.10, for a total value of $564,014.00. Following the sale, the chief financial officer now owns 33,608 shares of the company’s stock, valued at $1,146,032.80. This trade represents a 32.98 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 71,668 shares of company stock valued at $2,388,418. Corporate insiders own 29.77% of the company’s stock.

Hedge Funds Weigh In On Liquidity Services

Large investors have recently modified their holdings of the business. nVerses Capital LLC acquired a new position in shares of Liquidity Services during the 3rd quarter worth $48,000. Ashton Thomas Private Wealth LLC purchased a new stake in Liquidity Services during the second quarter worth $87,000. GAMMA Investing LLC grew its holdings in 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 purchasing an additional 1,005 shares during the last quarter. Centiva Capital LP purchased a new position in shares of Liquidity Services in the third quarter valued at $260,000. Finally, SG Americas Securities LLC acquired a new position in shares of Liquidity Services during the 3rd quarter worth $298,000. 71.15% of the stock is owned by hedge funds and other 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.