Liquidity Services (NASDAQ:LQDT) Reaches New 12-Month Low – Here’s What Happened

by · The Cerbat Gem

Liquidity Services, Inc. (NASDAQ:LQDT – Get Free Report) reached a new 52-week low during mid-day trading on Thursday . The company traded as low as $22.05 and last traded at $21.69, with a volume of 33417 shares trading hands. The stock had previously closed at $23.47.

Wall Street Analysts Forecast Growth

Several equities analysts recently issued reports on LQDT shares. Wall Street Zen lowered shares of Liquidity Services from a “strong-buy” rating to a “buy” rating in a report on Saturday, August 9th. Weiss Ratings reissued a “hold (c)” rating on shares of Liquidity Services in a research report on Wednesday, October 8th. Finally, Barrington Research reaffirmed an “outperform” rating and set a $40.00 price objective on shares of Liquidity Services in a research report on Thursday, August 21st. Two analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company’s stock. According to MarketBeat, Liquidity Services presently has an average rating of “Moderate Buy” and an average price target of $38.50.

Read Our Latest Stock Report on LQDT

Liquidity Services Trading Up 2.3%

The stock has a 50-day moving average price of $25.59 and a two-hundred day moving average price of $25.51. The stock has a market cap of $708.14 million, a price-to-earnings ratio of 27.31 and a beta of 1.13.

Liquidity Services (NASDAQ:LQDT – Get Free Report) last announced its earnings results on Thursday, August 7th. The business services provider reported $0.34 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.32 by $0.02. The company had revenue of $119.88 million for the quarter, compared to analyst estimates of $120.41 million. Liquidity Services had a return on equity of 20.75% and a net margin of 6.25%.

Insider Activity at Liquidity Services

In related news, Director Jaime Mateus-Tique sold 5,403 shares of Liquidity Services stock in a transaction that occurred on Monday, September 15th. The shares were sold at an average price of $27.45, for a total value of $148,312.35. Following the completion of the sale, the director directly owned 164,562 shares in the company, valued at $4,517,226.90. This trade represents a 3.18% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director George H. Ellis sold 7,500 shares of the company’s stock in a transaction that occurred on Wednesday, August 13th. The shares were sold at an average price of $25.35, for a total transaction of $190,125.00. Following the transaction, the director owned 15,708 shares in the company, valued at $398,197.80. The trade was a 32.32% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 17,500 shares of company stock valued at $464,579 over the last ninety days. 28.40% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Liquidity Services

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. GSA Capital Partners LLP acquired a new stake in Liquidity Services during the 3rd quarter worth about $204,000. Public Sector Pension Investment Board raised its stake in shares of Liquidity Services by 19.8% in the third quarter. Public Sector Pension Investment Board now owns 92,650 shares of the business services provider’s stock worth $2,541,000 after purchasing an additional 15,287 shares during the last quarter. Essex Investment Management Co. LLC raised its stake in shares of Liquidity Services by 3.4% in the third quarter. Essex Investment Management Co. LLC now owns 108,452 shares of the business services provider’s stock worth $2,975,000 after purchasing an additional 3,540 shares during the last quarter. Versor Investments LP acquired a new stake in shares of Liquidity Services during the third quarter worth about $368,000. Finally, Linden Thomas Advisory Services LLC purchased a new stake in Liquidity Services in the third quarter valued at approximately $220,000. Hedge funds and other institutional investors own 71.15% of the company’s stock.

About Liquidity Services

(Get Free Report)

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.

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