The stock of Liquidity Services, Inc. (NASDAQ:LQDT) is a huge mover today! The stock decreased 7.38% or $0.83 during the last trading session, hitting $10.41. About 269,435 shares traded hands or 108.95% up from the average. Liquidity Services, Inc. (NASDAQ:LQDT) has risen 140.69% since February 29, 2016 and is uptrending. It has outperformed by 128.47% the S&P500.
The move comes after 6 months negative chart setup for the $333.36M company. It was reported on Oct, 4 by Barchart.com. We have $9.26 PT which if reached, will make NASDAQ:LQDT worth $36.67M less.
Analysts await Liquidity Services, Inc. (NASDAQ:LQDT) to report earnings on November, 17. They expect $-0.20 EPS, 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. Benchmark maintained it with “Hold” rating and $7.50 target price in Friday, November 20 report. The rating was maintained by Benchmark with “Hold” on Friday, May 6. RBC Capital Markets maintained Liquidity Services, Inc. (NASDAQ:LQDT) on Friday, November 20 with “Sector Perform” rating. The rating was maintained by RBC Capital Markets on Friday, February 5 with “Sector Perform”.
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 Q2 2016. 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.
Brandes Invest Partners L P owns 15,374 shares or 0% of their US portfolio. Prudential Fin Inc holds 0% or 72,336 shares in its portfolio. California Pub Employees Retirement Systems has 0% invested in the company for 265,100 shares. Bridgeway Cap last reported 0.02% of its portfolio in the stock. Tfs Capital Lc last reported 173,604 shares in the company. Sterneck Capital Ltd Limited Liability Company has invested 0.53% of its portfolio in Liquidity Services, Inc. (NASDAQ:LQDT). The New Jersey-based Blackrock Mngmt Ltd Liability Corp has invested 0% in Liquidity Services, Inc. (NASDAQ:LQDT). Blackrock Advsr Ltd Liability Corp last reported 0% of its portfolio in the stock. Commercial Bank Of Montreal Can owns 219 shares or 0% of their US portfolio. D E Shaw And Inc accumulated 787,980 shares or 0.01% of the stock. Staley Advisers, a Pennsylvania-based fund reported 2.07 million shares. Ancora Advsrs Ltd Liability Co holds 34,000 shares or 0.03% of its portfolio. Moreover, G2 Invest Prtn Mngmt Ltd has 0.16% invested in Liquidity Services, Inc. (NASDAQ:LQDT) for 44,792 shares. Rbf Cap Ltd Limited Liability Company reported 26,000 shares or 0.04% of all its holdings. Connor Clark Lunn Invest Mgmt accumulated 0.02% or 324,625 shares.
Insider Transactions: Since July 1, 2016, the stock had 0 buys, and 4 selling transactions for $465,179 net activity. 5,000 Liquidity Services, Inc. (NASDAQ:LQDT) shares with value of $51,100 were sold by Dudley Gardner H. Casusol Segundo Leoncio also sold $76,350 worth of Liquidity Services, Inc. (NASDAQ:LQDT) shares. $24,188 worth of Liquidity Services, Inc. (NASDAQ:LQDT) shares were sold by Rallo James M.
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: Fool.com and their article: “Why Liquidity Services, Inc. Rose 11% on Tuesday” published on March 29, 2016 as well as Prnewswire.com‘s news article titled: “Tiger Capital Group And Liquidity Services Launch Partnership Focused On …” with publication date: February 16, 2016.
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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