Liquidity Services (NASDAQ:LQDT) Stock Dropped to “Hold” by Zacks Research

by · The Cerbat Gem

Zacks Research cut shares of Liquidity Services (NASDAQ:LQDT – Free Report) from a strong-buy rating to a hold rating in a report issued on Monday,Zacks reports.

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

Get Our Latest Stock Report on LQDT

Liquidity Services Stock Performance

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

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

Insider Activity

In other news, EVP John Daunt sold 715 shares of the stock in a transaction dated Thursday, October 1st. The shares were sold at an average price of $42.75, for a total transaction of $30,566.25. Following the transaction, the executive vice president owned 38,086 shares of the company’s stock, valued at approximately $1,628,176.50. This trade represents a 1.84% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Over the last quarter, insiders sold 2,145 shares of company stock valued at $87,959. Corporate insiders own 28.06% of the company’s stock.

Institutional Trading of Liquidity Services

Institutional investors have recently added to or reduced their stakes in the business. Ifrah Financial Services Inc. acquired a new stake in shares of Liquidity Services during the 3rd quarter worth approximately $352,000. GAMMA Investing LLC raised its holdings in Liquidity Services by 9.0% during the third quarter. GAMMA Investing LLC now owns 6,496 shares of the business services provider’s stock worth $278,000 after purchasing an additional 539 shares in the last quarter. Argent Capital Management LLC increased its position in shares of Liquidity Services by 27.6% during the 3rd quarter. Argent Capital Management LLC now owns 29,491 shares of the business services provider’s stock valued at $1,263,000 after purchasing an additional 6,370 shares during the period. Engineers Gate Manager LP grew its holdings in Liquidity Services by 85.6% during the second quarter. Engineers Gate Manager LP now owns 24,170 shares of the business services provider’s stock worth $946,000 after acquiring an additional 11,150 shares during the period. Finally, Amundi acquired a new stake in Liquidity Services in the 2nd quarter valued at about $511,000. 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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