Liquidity Services, Inc. (NASDAQ:LQDT – Get Free Report) shares hit a new 52-week high during mid-day trading on Wednesday. The stock traded as high as $46.56 and last traded at $46.2530, with a volume of 11,534 shares traded. The stock had previously closed at $44.38.
Analysts Set New Price Targets
Several analysts have weighed in on LQDT shares. 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. Zacks Research cut shares of Liquidity Services from a “strong-buy” rating to a “hold” rating in a report on Monday, October 12th. Barrington Research set a $50.00 price target on shares of Liquidity Services in a research report on Friday, August 7th. Finally, Weiss Ratings raised shares of Liquidity Services from a “buy (b-)” rating to a “buy (b)” rating in a report on Tuesday, August 11th. Two investment analysts have rated the stock with a Buy rating and one has given a Hold rating to the company. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $50.00.
Check Out Our Latest Stock Report on LQDT
Liquidity Services Price Performance
The company has a market capitalization of $1.45 billion, a P/E ratio of 45.35 and a beta of 1.06. The company has a fifty day moving average price of $42.96 and a 200 day moving average price of $37.06.
Liquidity Services (NASDAQ:LQDT – Get Free Report) last announced 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. Liquidity Services had a return on equity of 17.60% and a net margin of 6.79%. The business had revenue of $129.58 million for the quarter, compared to the consensus estimate of $57.83 million. Liquidity Services has set its Q4 2026 guidance at 0.410-0.500 EPS. On average, equities research analysts predict that Liquidity Services, Inc. will post 1.16 earnings per share for the current fiscal year.
Insiders Place Their Bets
In other Liquidity Services news, EVP John Daunt sold 715 shares of the firm’s stock in a transaction on Thursday, October 1st. The stock was sold at an average price of $42.75, for a total value of $30,566.25. Following the sale, the executive vice president directly owned 38,086 shares in the company, valued at approximately $1,628,176.50. This trade represents a 1.84% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. 28.06% of the stock is owned by corporate insiders.
Hedge Funds Weigh In On Liquidity Services
Institutional investors have recently modified their holdings of the company. BlackRock Inc. bought a new stake in shares of Liquidity Services during the second quarter valued at approximately $140,508,000. Punch & Associates Investment Management Inc. acquired a new position in shares of Liquidity Services during the second quarter worth approximately $37,349,000. Rice Hall James & Associates LLC acquired a new position in shares of Liquidity Services during the second quarter worth approximately $23,804,000. Willis Investment Counsel grew its holdings in Liquidity Services by 9.8% in the 3rd quarter. Willis Investment Counsel now owns 212,377 shares of the business services provider’s stock worth $9,096,000 after buying an additional 18,936 shares in the last quarter. Finally, Access Investment Management LLC grew its holdings in Liquidity Services by 2.4% in the 3rd quarter. Access Investment Management LLC now owns 185,241 shares of the business services provider’s stock worth $7,934,000 after buying an additional 4,315 shares in the last quarter. Institutional investors own 71.15% of the company’s stock.
About Liquidity Services
Liquidity Services, Inc operates online marketplaces and related services for buying and selling surplus, returned, and otherwise excess assets. The company connects governments, businesses, and other organizations with buyers seeking products ranging from consumer goods and industrial equipment to vehicles, heavy machinery, and other capital assets.
Its platforms include GovDeals, which serves public-sector sellers; Liquidation.com, which facilitates the sale of surplus and returned inventory; and Machinio, a marketplace focused on used equipment.
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