Shares of Liquidity Services Inc. (NASDAQ:LQDT) shot up 2.5% on Monday . The company traded as high as $8.44 and last traded at $8.28, with a volume of 69,930 shares. The stock had previously closed at $8.08.

A number of brokerages have weighed in on LQDT. Robert W. Baird reaffirmed a “hold” rating on shares of Liquidity Services in a research report on Sunday, May 8th. Benchmark Co. boosted their price target on Liquidity Services from $5.50 to $6.50 and gave the stock a “hold” rating in a research report on Friday, May 6th. Barrington Research reaffirmed a “buy” rating on shares of Liquidity Services in a research report on Thursday, May 5th. Finally, Zacks Investment Research raised Liquidity Services from a “hold” rating to a “buy” rating and set a $6.75 price target for the company in a research report on Tuesday, May 10th. One analyst has rated the stock with a sell rating, four have given a hold rating and one has given a buy rating to the stock. The company has a consensus rating of “Hold” and a consensus price target of $6.65.

The firm’s market capitalization is $254.10 million. The firm has a 50-day moving average of $7.74 and a 200-day moving average of $6.14.

Liquidity Services (NASDAQ:LQDT) last released its earnings results on Thursday, May 5th. The company reported $0.04 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of ($0.07) by $0.11. The firm had revenue of $86.90 million for the quarter, compared to the consensus estimate of $69.01 million. Liquidity Services’s revenue for the quarter was down 15.5% on a year-over-year basis. During the same quarter last year, the company posted $0.08 EPS. Equities analysts forecast that Liquidity Services Inc. will post ($0.25) earnings per share for the current fiscal year.

A hedge fund recently raised its stake in Liquidity Services stock. Dimensional Fund Advisors LP increased its stake in shares of Liquidity Services Inc. (NASDAQ:LQDT) by 36.0% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 441,412 shares of the company’s stock after buying an additional 116,750 shares during the period. Dimensional Fund Advisors LP owned 1.44% of Liquidity Services worth $2,869,000 as of its most recent filing with the SEC.

Liquidity Services, Inc is an online auction marketplace for surplus and salvage assets. The Company operates through the operating auction marketplaces for sellers and buyers of surplus, salvage and scrap assets segment. The Company enables buyers and sellers to transact in an automated online auction environment offering over 500 product categories.

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