Liquidity Services’ (LQDT) Buy Rating Reiterated at Barrington Research

Liquidity Services (NASDAQ:LQDT)‘s stock had its “buy” rating restated by equities researchers at Barrington Research in a research note issued on Monday. They currently have a $10.00 price objective on the business services provider’s stock. Barrington Research’s target price would indicate a potential upside of 42.65% from the company’s current price.

The analysts wrote, “We are maintaining our OUTPERFORM investment rating and $10 price target. Services, Inc. engages in the provision of e-commerce solutions to manage, value, and sell inventory and equipment for business and government clients. It operates through the following business segments: Chain Group. The GovDeals provides self-service solutions in which sellers list their own assets, and it consist of marketplaces that enable local and state government entities to sell, surplus, and salvage assets. Group focuses on full-service solutions to sellers and it consists of marketplaces that enable federal government agencies as well as commercial businesses to sell, surplus, salvage, and scrap assets.””

LQDT has been the subject of several other reports. ValuEngine raised Liquidity Services from a “sell” rating to a “hold” rating in a research report on Friday, October 12th. Zacks Investment Research raised Liquidity Services from a “hold” rating to a “buy” rating and set a $8.25 price objective for the company in a research report on Thursday, August 9th.

Shares of LQDT traded up $0.90 during mid-day trading on Monday, hitting $7.01. The company’s stock had a trading volume of 11,928 shares, compared to its average volume of 53,745. Liquidity Services has a one year low of $4.34 and a one year high of $8.00. The stock has a market capitalization of $196.27 million, a price-to-earnings ratio of -7.17 and a beta of 0.90.

In related news, insider Roger Gravley sold 6,587 shares of the company’s stock in a transaction on Monday, October 8th. The stock was sold at an average price of $5.28, for a total value of $34,779.36. Following the completion of the transaction, the insider now directly owns 5,939 shares in the company, valued at $31,357.92. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider James M. Rallo sold 6,737 shares of the company’s stock in a transaction on Wednesday, October 3rd. The shares were sold at an average price of $5.91, for a total value of $39,815.67. Following the completion of the transaction, the insider now owns 16,059 shares of the company’s stock, valued at $94,908.69. The disclosure for this sale can be found here. Insiders sold 19,808 shares of company stock valued at $111,064 over the last 90 days. 22.30% of the stock is currently owned by corporate insiders.

Several hedge funds and other institutional investors have recently modified their holdings of LQDT. Strs Ohio raised its stake in shares of Liquidity Services by 9.8% in the second quarter. Strs Ohio now owns 90,600 shares of the business services provider’s stock valued at $593,000 after purchasing an additional 8,100 shares in the last quarter. Schwab Charles Investment Management Inc. raised its stake in shares of Liquidity Services by 23.2% in the second quarter. Schwab Charles Investment Management Inc. now owns 130,111 shares of the business services provider’s stock valued at $853,000 after purchasing an additional 24,529 shares in the last quarter. Russell Investments Group Ltd. acquired a new position in shares of Liquidity Services in the third quarter valued at $1,470,000. Eagle Boston Investment Management Inc. raised its stake in shares of Liquidity Services by 4.4% in the second quarter. Eagle Boston Investment Management Inc. now owns 307,736 shares of the business services provider’s stock valued at $2,015,000 after purchasing an additional 12,917 shares in the last quarter. Finally, Aristotle Capital Boston LLC raised its stake in Liquidity Services by 2.7% during the third quarter. Aristotle Capital Boston LLC now owns 326,832 shares of the business services provider’s stock worth $2,075,000 after acquiring an additional 8,452 shares in the last quarter. Institutional investors and hedge funds own 67.18% 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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