Liquidity Services, Inc. (NASDAQ:LQDT – Free Report) shares rose 6.4% on Friday. The company traded as high as $22.42 and was last seen at $22.37. About 32,114 shares traded hands during trading, a 73% decline from the average daily volume of 120,911 shares. The stock had previously closed at $21.02.
Analysts set new price targets
Several equities analysts have recently commented on LQDT shares. Barrington Research reiterated an “outperform” rating and set a $27.00 price target on shares of Liquidity Services in a research note on Monday, August 5th. StockNews.com upgraded their rating on shares of Liquidity Services from a “buy” to a “strong-buy” in a research note on Monday, May 13th.
Get our latest stock report on LQDT
Trading in liquidity services increased by 5.8%
The company has a market capitalization of $677.61 million, a price-to-earnings ratio of 34.20, and a beta of 1.35. The company’s 50-day moving average price is $20.24 and its 200-day moving average price is $18.73.
Liquidity Services (NASDAQ:LQDT – Free Report) last released its quarterly earnings results on Thursday, May 9. The business services provider reported $0.27 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.22 by $0.05. Liquidity Services had a return on equity of 18.51% and a net margin of 6.30%. The company had revenue of $91.45 million during the quarter. During the same quarter last year, the company generated earnings per share of $0.20.
Institutional investors comment on liquidity services
A number of institutional investors have recently changed their holdings in LQDT. GAMMA Investing LLC acquired a new stake in Liquidity Services during the 4th quarter valued at approximately $50,000. AJOVista LLC acquired a new stake in Liquidity Services during the 4th quarter valued at approximately $53,000. Ashton Thomas Private Wealth LLC acquired a new stake in Liquidity Services during the 2nd quarter valued at $87,000. Quest Partners LLC acquired a new stake in Liquidity Services during the 4th quarter valued at $126,000. Finally, Louisiana State Employees Retirement System acquired a new stake in shares of Liquidity Services during the 4th quarter valued at $193,000. Institutional investors own 71.15% of the company’s stock.
Liquidity Services Company Profile
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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 in four segments: GovDeals, Retail Supply Chain Group (RSCG), Capital Assets Group (CAG), and Machinio. Its marketplaces include liquidation.com, where companies can sell surplus and salvaged consumer goods and retail capital assets; the GovDeals marketplace, which provides self-directed service solutions where sellers list their own assets, enabling local and state governments and commercial enterprises in the United States and Canada to sell surplus and salvaged assets; and AllSurplus, a centralized marketplace that connects a global buyer base with assets from across the network of marketplaces in a single location.
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