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

Liquidity Services, Inc. (NASDAQ:LQDT) hit a new 52-week high during trading on Thursday. The stock traded as high as $44.53 and last traded at $43.61, with a volume of 126480 shares trading hands. The stock had previously closed at $42.83.

Analyst Upgrades and Downgrades

Several equities research analysts have recently issued reports on LQDT shares. Zacks Research raised Liquidity Services from a “hold” rating to a “strong-buy” rating in a research report on Thursday, August 27th. Barrington Research set a $50.00 target price on Liquidity Services in a report on Friday, August 7th. Wall Street Zen upgraded shares of Liquidity Services from a “buy” rating to a “strong-buy” rating in a report on Sunday, August 16th. Finally, Weiss Ratings upgraded Liquidity Services from a “buy (b-)” rating to a “buy (b)” rating in a research report on Tuesday, August 11th. One equities research analyst has rated the stock with a Strong Buy rating and two have given a Buy rating to the company’s stock. According to data from MarketBeat.com, Liquidity Services presently has an average rating of “Buy” and an average target price of $50.00.

Liquidity Services Price Performance

The stock has a market capitalization of $1.38 billion, a price-to-earnings ratio of 43.05 and a beta of 1.07. The business’s fifty day moving average price is $41.60 and its 200-day moving average price is $37.38.

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

Insiders Place Their Bets

In other news, EVP John Daunt sold 715 shares of the business’s stock in a transaction on Tuesday, September 1st. The shares were sold at an average price of $41.27, for a total value of $29,508.05. Following the transaction, the executive vice president owned 38,086 shares of the company’s stock, valued at approximately $1,571,809.22. The trade was a 1.84% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Corporate insiders own 28.06% of the company’s stock.

Institutional Trading of Liquidity Services

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. BlackRock Inc. purchased a new stake in shares of Liquidity Services during the 2nd quarter valued at about $140,508,000. Punch & Associates Investment Management Inc. purchased a new position in Liquidity Services during the second quarter valued at approximately $37,349,000. Rice Hall James & Associates LLC acquired a new position in Liquidity Services during the second quarter worth $23,804,000. Access Investment Management LLC lifted its holdings in shares of Liquidity Services by 24.6% during the first quarter. Access Investment Management LLC now owns 200,170 shares of the business services provider’s stock worth $6,119,000 after buying an additional 39,545 shares during the last quarter. Finally, Sei Investments Co. raised its stake in shares of Liquidity Services by 12.5% in the first quarter. Sei Investments Co. now owns 193,469 shares of the business services provider’s stock valued at $5,914,000 after purchasing an additional 21,552 shares in the last quarter. 71.15% of the stock is owned by hedge funds and other institutional investors.

About Liquidity Services

Liquidity Services, Inc operates online marketplaces and related services for surplus and returned assets. The company connects government agencies, businesses, manufacturers, and other organizations with buyers seeking used, excess, refurbished, and end-of-life inventory. Its services include asset valuation, auction management, transaction processing, logistics coordination, and remarketing.

The company operates several specialized marketplaces, including GovDeals for public-sector surplus, GovPlanet for government and military equipment, AllSurplus for commercial and government surplus, and Liquidation.com for returned and excess merchandise.