The stock of Liquidity Services, Inc. (NASDAQ:LQDT) is a huge mover today! About 240,629 shares traded hands or 94.22% up from the average. Liquidity Services, Inc. (NASDAQ:LQDT) has risen 132.54% since February 26, 2016 and is uptrending. It has outperformed by 122.12% the S&P500.
The move comes after 5 months positive chart setup for the $350.08M company. It was reported on Oct, 1 by Barchart.com. We have $26.50 PT which if reached, will make NASDAQ:LQDT worth $476.11 million more.
Analysts await Liquidity Services, Inc. (NASDAQ:LQDT) to report earnings on November, 17. They expect $-0.20 earnings per share, up 86.30% or $1.26 from last year’s $-1.46 per share.
Liquidity Services, Inc. (NASDAQ:LQDT) Ratings Coverage
Out of 4 analysts covering Liquidity Services (NASDAQ:LQDT), 0 rate it a “Buy”, 1 “Sell”, while 3 “Hold”. This means 0 are positive. Liquidity Services has been the topic of 7 analyst reports since November 20, 2015 according to StockzIntelligence Inc. As per Friday, November 20, the company rating was maintained by Benchmark. RBC Capital Markets maintained it with “Sector Perform” rating and $8 target price in Friday, November 20 report. Benchmark maintained the stock with “Hold” rating in Friday, May 6 report. The firm has “Sector Perform” rating given on Friday, February 5 by RBC Capital Markets.
According to Zacks Investment Research, “Liquidity Services, Inc. is a leading online auction marketplace for wholesale, surplus and salvage assets. LSI enables its corporate and government sellers to enhance their financial return on excess assets by providing a liquid marketplace and value-added services that integrate sales and marketing, logistics and transaction settlement into a single offering. LSI has developed and deployed highly successful online sales programs on a significant scale for clients including large corporations and government agencies to maximize the market reach and recovery value of surplus assets in a timely manner.”
Insitutional Activity: The institutional sentiment increased to 1.28 in 2016 Q2. Its up 0.01, from 1.27 in 2016Q1. The ratio improved, as 12 funds sold all Liquidity Services, Inc. shares owned while 35 reduced positions. 17 funds bought stakes while 43 increased positions. They now own 19.77 million shares or 0.37% less from 19.85 million shares in 2016Q1.
Thompson Investment Management last reported 74,145 shares in the company. Alliancebernstein Limited Partnership last reported 11,999 shares in the company. Cornerstone Cap Llc has 0% invested in the company for 58,900 shares. Rbf Lc has invested 0.04% of its portfolio in Liquidity Services, Inc. (NASDAQ:LQDT). Pinebridge Investments Lp accumulated 0% or 2,872 shares. Moreover, Aristotle Boston Ltd Liability Corp has 0.28% invested in Liquidity Services, Inc. (NASDAQ:LQDT) for 159,663 shares. Harber Asset Mgmt Lc last reported 1.39M shares in the company. Jpmorgan Chase holds 0% or 169,613 shares in its portfolio. California State Teachers Retirement Systems has 52,276 shares for 0% of their US portfolio. The Pennsylvania-based Pnc Financial Service Grp Inc Inc Inc has invested 0% in Liquidity Services, Inc. (NASDAQ:LQDT). Tiaa Cref Inv Mgmt Limited Liability Company reported 144,595 shares or 0% of all its holdings. Creative Planning has 0% invested in the company for 1,200 shares. Blackrock Fund Advsr owns 1.67 million shares or 0% of their US portfolio. Mackenzie Fincl has 28,429 shares for 0% of their US portfolio. Moreover, Peak6 Investments Limited Partnership has 0% invested in Liquidity Services, Inc. (NASDAQ:LQDT) for 6,751 shares.
Insider Transactions: Since April 1, 2016, the stock had 0 insider buys, and 4 selling transactions for $465,179 net activity. 6,167 Liquidity Services, Inc. (NASDAQ:LQDT) shares with value of $31,637 were sold by Angrick William P III. On Tuesday, September 6 Dudley Gardner H sold $51,100 worth of the stock or 5,000 shares. 7,716 Liquidity Services, Inc. (NASDAQ:LQDT) shares with value of $39,583 were sold by Rallo James M. $313,541 worth of shares were sold by Casusol Segundo Leoncio on Wednesday, August 17.
More notable recent Liquidity Services, Inc. (NASDAQ:LQDT) news were published by: Fool.com which released: “Why Liquidity Services, Inc. Stock Jumped Today” on August 04, 2016, also Fool.com with their article: “Why Liquidity Services, Inc. Stock Plunged Today” published on February 04, 2016, Fool.com published: “Why Liquidity Services, Inc. Stock Popped Today” on May 05, 2016. More interesting news about Liquidity Services, Inc. (NASDAQ:LQDT) were released by: Prnewswire.com and their article: “Tiger Capital Group And Liquidity Services Launch Partnership Focused On …” published on February 16, 2016 as well as Fool.com‘s news article titled: “Why Liquidity Services, Inc. Fell On Thursday” with publication date: November 19, 2015.
LQDT Company Profile
Liquidity Services, Inc., incorporated on November 15, 1999, is an online auction marketplace for surplus and salvage assets. The Firm operates through the operating auction marketplaces for sellers and buyers of surplus, salvage and scrap assets segment. The Firm enables buyers and sellers to transact in an automated online auction environment offering over 500 product categories. The Company’s marketplaces provide professional buyers access to an organized supply of surplus and salvage assets presented with digital images and other relevant product information. The Firm enables its corporate and government sellers to enhance their financial return on excess assets by providing a liquid marketplace and services that integrate sales and marketing, logistics and transaction settlement into a single offering. The Firm organizes its products into categories across industry verticals, such as consumer electronics, general merchandise, apparel, scientific equipment, aerospace parts and equipment, technology hardware, energy equipment, industrial capital assets, fleet and transportation equipment, and specialty equipment. The Company’s marketplaces include www.liquidation.com, www.govliquidation.com, www.govdeals.com, www.networkintl.com, www.truckcenter.com, www.secondipity.com and www.go-dove.com.
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