Liquidity Services (NASDAQ:LQDT) Given Outperform Rating at Barrington Research

Barrington Research reaffirmed their outperform rating on shares of Liquidity Services (NASDAQ:LQDT) in a research note released on Monday morning, Benzinga reports. Barrington Research currently has a $27.00 price objective on the business services provider’s stock.

Separately, StockNews.com raised shares of Liquidity Services from a buy rating to a strong-buy rating in a research report on Monday, May 13th.

Liquidity Services Trading Up 4.7 %

NASDAQ:LQDT opened at $21.02 on Monday. The company has a 50-day moving average price of $20.19 and a 200-day moving average price of $18.69. Liquidity Services has a 12 month low of $13.99 and a 12 month high of $22.87. The stock has a market cap of $640.73 million, a price-to-earnings ratio of 32.34 and a beta of 1.35.

Liquidity Services (NASDAQ:LQDT) last posted its earnings results on Thursday, May 9th. The business services provider reported $0.27 EPS for the quarter, topping the consensus estimate of $0.22 by $0.05. Liquidity Services had a net margin of 6.30% and a return on equity of 18.51%. The firm had revenue of $91.45 million during the quarter. During the same period in the prior year, the business posted $0.20 earnings per share.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the company. GAMMA Investing LLC purchased a new position in Liquidity Services in the fourth quarter worth about $50,000. AJOVista LLC purchased a new position in Liquidity Services in the fourth quarter worth about $53,000. Ashton Thomas Private Wealth LLC purchased a new position in Liquidity Services in the second quarter worth about $87,000. Quest Partners LLC purchased a new position in Liquidity Services in the fourth quarter worth about $126,000. Finally, Jupiter Asset Management Ltd. purchased a new position in Liquidity Services in the first quarter worth about $202,000. 71.15% of the stock is owned by hedge funds and other institutional investors.

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.