Liquidity Services (NASDAQ:LQDT) Cut to “Buy” at StockNews.com

StockNews.com lowered shares of Liquidity Services (NASDAQ:LQDT) from a strong-buy rating to a buy rating in a research report released on Friday.

Other equities analysts have also recently issued reports about the stock. 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. Craig Hallum boosted their price target on shares of Liquidity Services from $28.00 to $37.00 and gave the stock a “buy” rating in a research note on Friday.

Liquidity Services Trading Up 5.6 %

NASDAQ:LQDT opened at $35.54 on Friday. Liquidity Services has a 12-month low of $13.99 and a 12-month high of $35.80. The stock’s 50 day simple moving average is $24.18 and its 200-day simple moving average is $22.17. The firm has a market cap of $1.09 billion, a P/E ratio of 56.41 and a beta of 1.42.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of the business. nVerses Capital LLC purchased a new stake in shares of Liquidity Services during the 3rd quarter worth $48,000. GAMMA Investing LLC boosted its holdings in Liquidity Services by 29.9% during the third quarter. GAMMA Investing LLC now owns 4,362 shares of the business services provider’s stock worth $99,000 after buying an additional 1,005 shares in the last quarter. Ashton Thomas Private Wealth LLC acquired a new position in Liquidity Services during the second quarter worth about $87,000. Centiva Capital LP purchased a new position in Liquidity Services in the third quarter valued at about $260,000. Finally, SG Americas Securities LLC purchased a new position in Liquidity Services in the third quarter valued at about $298,000. Hedge funds and other institutional investors own 71.15% of the company’s stock.

About Liquidity Services

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.