Liquidity Services (NASDAQ:LQDT) Rating Lowered to Hold at Zacks Research

by · The Cerbat Gem

Liquidity Services (NASDAQ:LQDT – Get Free Report) was downgraded by Zacks Research from a “strong-buy” rating to a “hold” rating in a research note issued on Monday, Zacks reports.

A number of other analysts have also commented on the stock. Barrington Research set a $50.00 price target on shares of Liquidity Services in a research note on Friday, August 7th. Wall Street Zen raised shares of Liquidity Services from a “buy” rating to a “strong-buy” rating in a research note on Sunday, August 16th. Finally, Weiss Ratings upgraded shares of Liquidity Services from a “buy (b-)” rating to a “buy (b)” rating in a report on Tuesday, August 11th. Two research analysts have rated the stock with a Buy rating and one has given a Hold rating to the company. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $50.00.

Read Our Latest Research Report on Liquidity Services

Liquidity Services Stock Up 1.3%

NASDAQ LQDT opened at $43.96 on Monday. The company has a market cap of $1.38 billion, a price-to-earnings ratio of 43.10 and a beta of 1.04. Liquidity Services has a 52 week low of $21.67 and a 52 week high of $45.00. The business has a 50 day moving average price of $42.38 and a 200-day moving average price of $38.26.

Liquidity Services (NASDAQ:LQDT – Get Free Report) last issued its earnings results on Thursday, August 6th. The business services provider reported $0.45 earnings per share for the quarter, topping analysts’ consensus estimates of $0.34 by $0.11. Liquidity Services had a return on equity of 17.60% and a net margin of 6.79%. The company had revenue of $129.58 million for the quarter, compared to analyst estimates of $57.83 million. Liquidity Services has set its Q4 2026 guidance at 0.410-0.500 EPS. On average, equities research analysts anticipate that Liquidity Services will post 1.16 earnings per share for the current year.

Insider Buying and Selling at Liquidity Services

In other news, EVP John Daunt sold 715 shares of the firm’s stock in a transaction that occurred on Thursday, October 1st. The stock was sold at an average price of $42.75, for a total value of $30,566.25. Following the transaction, the executive vice president owned 38,086 shares in the company, valued at $1,628,176.50. This trade represents a 1.84% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Insiders sold a total of 2,145 shares of company stock valued at $87,959 in the last 90 days. 28.06% of the stock is owned by company insiders.

Institutional Investors Weigh In On Liquidity Services

Several institutional investors have recently bought and sold shares of LQDT. BlackRock Inc. purchased a new stake in shares of Liquidity Services during the 2nd quarter valued at $140,508,000. Punch & Associates Investment Management Inc. purchased a new position in shares of Liquidity Services in the 2nd quarter worth about $37,349,000. Rice Hall James & Associates LLC purchased a new position in shares of Liquidity Services in the 2nd quarter worth about $23,804,000. Bank of New York Mellon Corp purchased a new position in shares of Liquidity Services in the 2nd quarter worth about $5,457,000. Finally, Connor Clark & Lunn Investment Management Ltd. bought a new position in Liquidity Services during the second quarter valued at about $5,127,000. Institutional investors own 71.15% of the company’s stock.

About Liquidity Services

(Get Free Report)

Liquidity Services, Inc (NASDAQ: LQDT) operates online marketplaces and related services for managing and selling surplus, returned, and otherwise underutilized assets. The company helps businesses, government agencies, and other organizations recover value from excess inventory and equipment while supporting the reuse and redistribution of goods.

Its marketplace portfolio includes GovDeals, which serves public-sector sellers; Liquidation.com and AllSurplus, which facilitate the sale of surplus and returned merchandise; and Machinio, a search marketplace for used equipment.

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