StockNews.com upgraded shares of Liquidity Services (NASDAQ:LQDT – Get Rating) from a hold rating to a buy rating in a report issued on Saturday morning.

LQDT has been the topic of a number of other research reports. Craig Hallum began coverage on shares of Liquidity Services in a research report on Monday, June 27th. They set a buy rating and a $28.00 price objective on the stock. TheStreet downgraded Liquidity Services from a b- rating to a c+ rating in a report on Friday, June 24th.

Liquidity Services Stock Up 4.5 %

NASDAQ:LQDT opened at $17.83 on Friday. Liquidity Services has a twelve month low of $11.39 and a twelve month high of $28.73. The company has a fifty day moving average of $17.68 and a 200-day moving average of $16.40. The firm has a market capitalization of $634.32 million, a P/E ratio of 9.48 and a beta of 1.41.

Insider Buying and Selling at Liquidity Services

Hedge Funds Weigh In On Liquidity Services

Several institutional investors have recently modified their holdings of LQDT. Mutual of America Capital Management LLC grew its stake in Liquidity Services by 16.6% in the 2nd quarter. Mutual of America Capital Management LLC now owns 4,481 shares of the business services provider's stock valued at $60,000 after purchasing an additional 637 shares during the period. Captrust Financial Advisors boosted its holdings in shares of Liquidity Services by 87.0% in the 1st quarter. Captrust Financial Advisors now owns 2,050 shares of the business services provider's stock worth $35,000 after buying an additional 954 shares during the last quarter. Panagora Asset Management Inc. grew its position in Liquidity Services by 1.2% during the first quarter. Panagora Asset Management Inc. now owns 78,931 shares of the business services provider's stock valued at $1,351,000 after buying an additional 959 shares during the period. Citigroup Inc. increased its holdings in Liquidity Services by 3.8% during the first quarter. Citigroup Inc. now owns 26,305 shares of the business services provider's stock worth $450,000 after buying an additional 973 shares during the last quarter. Finally, Credit Suisse AG raised its position in Liquidity Services by 5.1% in the second quarter. Credit Suisse AG now owns 22,439 shares of the business services provider's stock worth $302,000 after acquiring an additional 1,094 shares during the period. 66.03% of the stock is owned by institutional investors.

About Liquidity Services

(Get Rating)

Liquidity Services, Inc provides e-commerce marketplaces, self-directed auction listing tools, and value-added services. It operates through four segments: Retail Supply Chain Group, Capital Assets Group, GovDeals, and Machinio. The company's 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.

Further Reading

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