Liquidity Services (NASDAQ:LQDT) Stock Price Expected to Rise, Craig Hallum Analyst Says

Liquidity Services (NASDAQ:LQDT) had its price objective raised by Craig Hallum from $28.00 to $37.00 in a research note published on Friday morning,Benzinga reports. The firm currently has a buy rating on the business services provider’s stock.

Separately, Barrington Research restated an “outperform” rating and set a $27.00 price objective on shares of Liquidity Services in a report on Tuesday.

Liquidity Services Stock Performance

Liquidity Services stock opened at $35.54 on Friday. The company has a market cap of $1.09 billion, a price-to-earnings ratio of 56.41 and a beta of 1.42. Liquidity Services has a 1 year low of $13.99 and a 1 year high of $35.80. The firm has a 50 day moving average price of $24.18 and a 200 day moving average price of $22.13.

Institutional Trading of Liquidity Services

A number of institutional investors and hedge funds have recently bought and sold shares of LQDT. nVerses Capital LLC purchased a new position in Liquidity Services in the third quarter valued at about $48,000. Ashton Thomas Private Wealth LLC acquired a new stake in Liquidity Services during the 2nd quarter valued at $87,000. GAMMA Investing LLC increased its stake in Liquidity Services by 29.9% during the 3rd quarter. GAMMA Investing LLC now owns 4,362 shares of the business services provider’s stock worth $99,000 after buying an additional 1,005 shares during the period. Centiva Capital LP acquired a new position in Liquidity Services in the 3rd quarter worth $260,000. Finally, SG Americas Securities LLC acquired a new stake in Liquidity Services during the 3rd quarter valued at approximately $298,000. Institutional investors and hedge funds 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.