Liquidity Services (NASDAQ:LQDT) Hits New 12-Month High at $22.87

Liquidity Services, Inc. (NASDAQ:LQDT)’s stock price hit a new 52-week high on Monday . The company traded as high as $22.87 and last traded at $22.45, with a volume of 25490 shares traded. The stock had previously closed at $22.76.

Analysts Set New Price Targets

A number of equities analysts have weighed in on the company. StockNews.com raised Liquidity Services from a “buy” rating to a “strong-buy” rating in a research report on Monday, May 13th. Barrington Research reissued an “outperform” rating and issued a $27.00 target price on shares of Liquidity Services in a research report on Monday, August 5th.

Liquidity Services Trading Down 1.9 %

The firm has a market capitalization of $680.66 million, a P/E ratio of 35.02 and a beta of 1.35. The company has a 50 day simple moving average of $20.55 and a two-hundred day simple moving average of $18.91.

Liquidity Services (NASDAQ:LQDT) last released its earnings results on Thursday, August 8th. The business services provider reported $0.30 earnings per share for the quarter, topping analysts’ consensus estimates of $0.24 by $0.06. Liquidity Services had a return on equity of 18.51% and a net margin of 6.30%. The business had revenue of $93.61 million for the quarter. During the same quarter in the previous year, the business earned $0.28 EPS.

Institutional Investors Weigh In On Liquidity Services

A number of institutional investors have recently added to or reduced their stakes in the stock. Rice Hall James & Associates LLC lifted its holdings in shares of Liquidity Services by 72.2% during the first quarter. Rice Hall James & Associates LLC now owns 339,838 shares of the business services provider’s stock worth $6,321,000 after purchasing an additional 142,443 shares during the period. Acadian Asset Management LLC lifted its holdings in shares of Liquidity Services by 15.7% during the second quarter. Acadian Asset Management LLC now owns 503,600 shares of the business services provider’s stock worth $10,060,000 after purchasing an additional 68,407 shares during the period. Silvercrest Asset Management Group LLC lifted its holdings in shares of Liquidity Services by 8.9% during the first quarter. Silvercrest Asset Management Group LLC now owns 777,960 shares of the business services provider’s stock worth $14,470,000 after purchasing an additional 63,571 shares during the period. Vanguard Group Inc. lifted its holdings in shares of Liquidity Services by 3.0% during the first quarter. Vanguard Group Inc. now owns 1,821,231 shares of the business services provider’s stock worth $33,875,000 after purchasing an additional 52,997 shares during the period. Finally, Los Angeles Capital Management LLC acquired a new stake in shares of Liquidity Services during the fourth quarter worth about $900,000. Institutional investors own 71.15% of the company’s stock.

Liquidity Services Company Profile

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.