Liquidity Services (NASDAQ:LQDT) Cut to “Buy” at StockNews.com

StockNews.com downgraded shares of Liquidity Services (NASDAQ:LQDT) from a strong-buy rating to a buy rating in a research report released on Friday morning.

LQDT has been the topic of a number of other research reports. Craig Hallum boosted their price objective on shares of Liquidity Services from $28.00 to $37.00 and gave the company a “buy” rating in a research report on Friday. Barrington Research reissued an “outperform” rating and issued a $27.00 target price on shares of Liquidity Services in a research note on Tuesday.

Liquidity Services Stock Performance

Shares of Liquidity Services stock opened at $35.54 on Friday. Liquidity Services has a 52-week low of $13.99 and a 52-week high of $35.80. The company’s 50 day moving average price is $24.18 and its 200-day moving average price is $22.13. The stock has a market capitalization of $1.09 billion, a price-to-earnings ratio of 56.41 and a beta of 1.42.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the stock. nVerses Capital LLC bought a new position in shares of Liquidity Services in the 3rd quarter worth approximately $48,000. Ashton Thomas Private Wealth LLC purchased a new stake in Liquidity Services in the second quarter worth $87,000. GAMMA Investing LLC grew its position in shares of Liquidity Services by 29.9% in the 3rd quarter. GAMMA Investing LLC now owns 4,362 shares of the business services provider’s stock worth $99,000 after buying an additional 1,005 shares during the period. Centiva Capital LP bought a new position in shares of Liquidity Services in the 3rd quarter worth about $260,000. Finally, SG Americas Securities LLC bought a new position in shares of Liquidity Services in the 3rd quarter worth about $298,000. 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.