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

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

Several other research firms have also recently issued reports on LQDT. Barrington Research reaffirmed an “outperform” rating and set a $27.00 price objective on shares of Liquidity Services in a research report on Tuesday, December 10th. Craig Hallum upped their price target on Liquidity Services from $28.00 to $37.00 and gave the company a “buy” rating in a report on Friday.

Liquidity Services Trading Up 5.6 %

Liquidity Services stock opened at $35.54 on Friday. The company has a fifty day simple moving average of $24.18 and a 200-day simple moving average of $22.17. The stock has a market cap of $1.09 billion, a P/E ratio of 56.41 and a beta of 1.42. Liquidity Services has a 12-month low of $13.99 and a 12-month high of $35.80.

Institutional Trading of Liquidity Services

Institutional investors and hedge funds have recently made changes to their positions in the company. Franklin Resources Inc. increased its position in Liquidity Services by 7.3% during the third quarter. Franklin Resources Inc. now owns 15,009 shares of the business services provider’s stock worth $339,000 after buying an additional 1,019 shares during the period. Barclays PLC grew its position in shares of Liquidity Services by 307.3% during the third quarter. Barclays PLC now owns 39,427 shares of the business services provider’s stock worth $899,000 after acquiring an additional 29,746 shares during the last quarter. Geode Capital Management LLC increased its holdings in shares of Liquidity Services by 0.5% in the 3rd quarter. Geode Capital Management LLC now owns 515,584 shares of the business services provider’s stock valued at $11,757,000 after acquiring an additional 2,392 shares during the period. Jane Street Group LLC raised its position in Liquidity Services by 33.4% in the 3rd quarter. Jane Street Group LLC now owns 55,173 shares of the business services provider’s stock valued at $1,258,000 after purchasing an additional 13,804 shares during the last quarter. Finally, State Street Corp raised its position in Liquidity Services by 1.7% in the 3rd quarter. State Street Corp now owns 852,306 shares of the business services provider’s stock valued at $19,433,000 after purchasing an additional 13,947 shares during the last quarter. 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.