Liquidity Services (NASDAQ:LQDT) Sets New 52-Week High – Here’s Why

Shares of Liquidity Services, Inc. (NASDAQ:LQDT) hit a new 52-week high during mid-day trading on Wednesday. The company traded as high as $46.56 and last traded at $46.2530, with a volume of 11,534 shares traded. The stock had previously closed at $44.38.

Wall Street Analysts Forecast Growth

Several research firms have recently issued reports on LQDT. Barrington Research set a $50.00 price target on Liquidity Services in a research note on Friday, August 7th. Weiss Ratings upgraded shares of Liquidity Services from a “buy (b-)” rating to a “buy (b)” rating in a research note on Tuesday, August 11th. Wall Street Zen upgraded shares of Liquidity Services from a “buy” rating to a “strong-buy” rating in a research note on Sunday, August 16th. Finally, Zacks Research downgraded shares of Liquidity Services from a “strong-buy” rating to a “hold” rating in a report on Monday, October 12th. Two analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $50.00.

Liquidity Services Price Performance

The firm’s fifty day moving average price is $42.96 and its 200-day moving average price is $37.06. The firm has a market capitalization of $1.45 billion, a P/E ratio of 45.35 and a beta of 1.06.

Liquidity Services (NASDAQ:LQDT) last posted its quarterly earnings data on Thursday, August 6th. The business services provider reported $0.45 EPS for the quarter, beating analysts’ consensus estimates of $0.34 by $0.11. Liquidity Services had a net margin of 6.79% and a return on equity of 17.60%. The business had revenue of $129.58 million for the quarter, compared to analyst estimates of $57.83 million. Liquidity Services has set its Q4 2026 guidance at 0.410-0.500 EPS. Analysts expect that Liquidity Services, Inc. will post 1.16 earnings per share for the current year.

Insider Transactions at Liquidity Services

In other Liquidity Services news, EVP John Daunt sold 715 shares of the stock in a transaction on Thursday, October 1st. The stock was sold at an average price of $42.75, for a total transaction of $30,566.25. Following the completion of the transaction, the executive vice president directly owned 38,086 shares of the company’s stock, valued at approximately $1,628,176.50. This trade represents a 1.84% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Insiders own 28.06% of the company’s stock.

Institutional Trading of Liquidity Services

Hedge funds and other institutional investors have recently modified their holdings of the company. Alps Advisors Inc. acquired a new stake in shares of Liquidity Services in the third quarter valued at $577,000. Mirae Asset Global Investments Co. Ltd. acquired a new position in Liquidity Services during the third quarter worth about $139,000. ProShare Advisors LLC acquired a new position in Liquidity Services during the third quarter worth about $2,204,000. State of Wyoming grew its holdings in Liquidity Services by 73.4% during the third quarter. State of Wyoming now owns 10,560 shares of the business services provider’s stock worth $452,000 after acquiring an additional 4,471 shares during the period. Finally, BOKF NA raised its position in Liquidity Services by 30.5% in the third quarter. BOKF NA now owns 13,738 shares of the business services provider’s stock worth $588,000 after acquiring an additional 3,213 shares in the last quarter. Institutional investors own 71.15% of the company’s stock.

About Liquidity Services

Liquidity Services, Inc operates online marketplaces and related services for buying and selling surplus, returned, and otherwise excess assets. The company connects governments, businesses, and other organizations with buyers seeking products ranging from consumer goods and industrial equipment to vehicles, heavy machinery, and other capital assets.

Its platforms include GovDeals, which serves public-sector sellers; Liquidation.com, which facilitates the sale of surplus and returned inventory; and Machinio, a marketplace focused on used equipment.