Zacks Investment Research upgraded shares of Liquidity Services, Inc. (NASDAQ:LQDT) from a sell rating to a hold rating in a research note released on Saturday.

According to Zacks, “Liquidity Services, Inc. is a leading online auction marketplace for wholesale, surplus and salvage assets. LSI enables its corporate and government sellers to enhance their financial return on excess assets by providing a liquid marketplace and value-added services that integrate sales and marketing, logistics and transaction settlement into a single offering. LSI has developed and deployed highly successful online sales programs on a significant scale for clients including large corporations and government agencies to maximize the market reach and recovery value of surplus assets in a timely manner. “

Other equities research analysts also recently issued research reports about the company. Robert W. Baird reiterated a neutral rating on shares of Liquidity Services in a report on Monday, July 3rd. ValuEngine upgraded Liquidity Services from a strong sell rating to a sell rating in a report on Friday, June 2nd.

Liquidity Services (NASDAQ:LQDT) opened at 5.80 on Friday. The company has a 50 day moving average price of $5.93 and a 200-day moving average price of $6.76. The firm’s market cap is $182.72 million. Liquidity Services has a 52-week low of $5.50 and a 52-week high of $11.49.

Liquidity Services (NASDAQ:LQDT) last released its quarterly earnings data on Thursday, August 3rd. The business services provider reported ($0.22) EPS for the quarter, beating analysts’ consensus estimates of ($0.25) by $0.03. The business had revenue of $65.50 million during the quarter, compared to the consensus estimate of $79.56 million. Liquidity Services had a negative return on equity of 16.59% and a negative net margin of 27.52%. The firm’s revenue was down 23.1% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.07 earnings per share. Equities research analysts anticipate that Liquidity Services will post ($0.91) EPS for the current year.

TRADEMARK VIOLATION NOTICE: “Liquidity Services, Inc. (LQDT) Upgraded by Zacks Investment Research to Hold” was first published by Daily Political and is owned by of Daily Political. If you are reading this news story on another website, it was stolen and reposted in violation of U.S. and international trademark and copyright law. The legal version of this news story can be read at https://www.dailypolitical.com/2017/09/24/liquidity-services-inc-lqdt-upgraded-by-zacks-investment-research-to-hold.html.

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Arizona State Retirement System increased its holdings in Liquidity Services by 1.6% in the first quarter. Arizona State Retirement System now owns 12,737 shares of the business services provider’s stock valued at $102,000 after purchasing an additional 200 shares during the last quarter. Public Employees Retirement System of Ohio increased its holdings in Liquidity Services by 16.2% in the first quarter. Public Employees Retirement System of Ohio now owns 13,017 shares of the business services provider’s stock valued at $104,000 after purchasing an additional 1,816 shares during the last quarter. Thrivent Financial For Lutherans increased its holdings in Liquidity Services by 5.2% in the first quarter. Thrivent Financial For Lutherans now owns 13,770 shares of the business services provider’s stock valued at $110,000 after purchasing an additional 680 shares during the last quarter. Texas Permanent School Fund increased its holdings in Liquidity Services by 1.2% in the second quarter. Texas Permanent School Fund now owns 17,931 shares of the business services provider’s stock valued at $114,000 after purchasing an additional 204 shares during the last quarter. Finally, Citadel Advisors LLC increased its holdings in Liquidity Services by 57.3% in the first quarter. Citadel Advisors LLC now owns 17,141 shares of the business services provider’s stock valued at $137,000 after purchasing an additional 6,241 shares during the last quarter. Institutional investors and hedge funds own 67.55% of the company’s stock.

Liquidity Services Company Profile

Liquidity Services, Inc operates a network of e-commerce marketplaces that enable buyers and sellers to transact in an automated environment. The Company employs e-commerce marketplace solutions to manage, value and sell inventory and equipment for business and government clients. The Company’s marketplaces provide professional buyers access to a global supply of new, surplus and scrap assets presented with digital images and other relevant product information.

Receive News & Ratings for Liquidity Services Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Liquidity Services Inc. and related companies with MarketBeat.com's FREE daily email newsletter.