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

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

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

Liquidity Services Trading Up 1.3%

Shares of NASDAQ LQDT opened at $43.96 on Monday. The stock has a market capitalization of $1.38 billion, a PE ratio of 43.10 and a beta of 1.04. The stock’s fifty day simple moving average is $42.38 and its two-hundred day simple moving average is $38.26. Liquidity Services has a 12-month low of $21.67 and a 12-month high of $45.00.

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

Insider Buying and Selling at Liquidity Services

In other news, EVP John Daunt sold 715 shares of the business’s stock in a transaction dated Thursday, October 1st. The stock was sold at an average price of $42.75, for a total value of $30,566.25. Following the completion of the transaction, the executive vice president owned 38,086 shares of the company’s stock, valued at $1,628,176.50. The trade was a 1.84% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. In the last ninety days, insiders sold 2,145 shares of company stock worth $87,959. Company insiders own 28.06% of the company’s stock.

Institutional Inflows and Outflows

A number of large investors have recently bought and sold shares of the stock. Man Group plc purchased a new stake in Liquidity Services in the 2nd quarter worth approximately $2,426,000. Bank of New York Mellon Corp purchased a new position in shares of Liquidity Services during the 2nd quarter valued at approximately $5,457,000. Legal & General Group Plc purchased a new position in shares of Liquidity Services during the 2nd quarter valued at approximately $2,141,000. Connor Clark & Lunn Investment Management Ltd. purchased a new position in shares of Liquidity Services during the 2nd quarter valued at approximately $5,127,000. Finally, Globeflex Capital L P acquired a new position in shares of Liquidity Services in the 2nd quarter valued at $1,056,000. 71.15% of the stock is owned by institutional investors and hedge funds.

About Liquidity Services

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.