Zacks Research Upgrades Liquidity Services to Hold Rating

On November 20, 2023, Zacks Research upgraded shares of Liquidity Services (NASDAQ:LQDT) to a “Hold” rating in a report distributed to investors. This adjustment comes amid a series of evaluations from various analysts concerning the company’s stock performance. Others, such as Barrington Research, reaffirmed an “outperform” rating while setting a price target of $40.00 for Liquidity Services shares.

Analysts have shown varying opinions about the stock’s potential. Weiss Ratings maintained a “hold (c)” rating on October 8, 2023, while Wall Street Zen downgraded their outlook from “strong-buy” to “buy” on August 9, 2023. Currently, two equities research analysts have issued a “Buy” rating, while two others have rated it as a “Hold.” As reported by MarketBeat.com, Liquidity Services now holds an average rating of “Moderate Buy” with a target price hovering around $38.50.

Recent Financial Performance

In its latest quarterly earnings report released on November 20, 2023, Liquidity Services announced earnings per share (EPS) of $0.37, surpassing analysts’ expectations of $0.29 by $0.08. The company recorded a revenue of $118.09 million, significantly exceeding the consensus estimate of $100.86 million. The firm reported a return on equity of 20.75% and a net margin of 6.25%. Looking ahead, Liquidity Services provided guidance for Q1 2026, projecting an EPS of between $0.250 and $0.350.

Insider Activity and Institutional Investments

In other company news, Jaime Mateus-Tique, a director at Liquidity Services, sold 5,403 shares on September 15, 2023, at an average price of $27.45. This transaction was valued at approximately $148,312.35, reducing his ownership by 3.18%. Following this sale, he retains 164,562 shares, worth around $4,517,226.90. This sale was disclosed in a filing with the SEC.

Institutional investors have also been active with Liquidity Services stock. Notably, Mirae Asset Global Investments Co. Ltd. acquired a new position valued at approximately $30,000 in the third quarter. CWM LLC increased its stake by 166.8% in the first quarter, now owning 1,318 shares valued at $41,000 after purchasing an additional 824 shares.

Additionally, Wealth Enhancement Advisory Services LLC entered a new position in the same quarter valued at around $44,000. Quarry LP raised its holdings by 38.0%, now possessing 2,006 shares valued at $62,000. Tower Research Capital LLC significantly increased its holdings, acquiring an additional 2,210 shares, resulting in a total of 2,700 shares worth $64,000. Currently, institutional investors own approximately 71.15% of Liquidity Services’ stock.

About Liquidity Services

Liquidity Services, Inc. operates e-commerce marketplaces, offering self-directed auction listing tools and value-added services both in the United States and internationally. The company is divided into four segments: GovDeals, Retail Supply Chain Group (RSCG), Capital Assets Group (CAG), and Machinio. Their marketplaces, including liquidation.com, facilitate the sale of surplus and salvaged consumer goods and retail capital assets. The GovDeals marketplace allows local and state government entities, as well as commercial businesses in the U.S. and Canada, to sell surplus assets. AllSurplus serves as a centralized marketplace connecting a global buyer base with assets from various sources.

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