Today’s Stock On Watch: How Analysts Feel About Liquidity Services, Inc. After Today’s Big Decline?

Today's Stock On Watch: How Analysts Feel About Liquidity Services, Inc. After Today's Big Decline?

The stock of Liquidity Services, Inc. (NASDAQ:LQDT) is a huge mover today! The stock decreased 3.66% or $0.35 on November 30, hitting $9.2. About 227,857 shares traded hands or 124.44% up from the average. Liquidity Services, Inc. (NASDAQ:LQDT) has risen 69.93% since April 27, 2016 and is uptrending. It has outperformed by 64.70% the S&P500.
The move comes after 7 months negative chart setup for the $283.40M company. It was reported on Nov, 30 by Barchart.com. We have $8.83 PT which if reached, will make NASDAQ:LQDT worth $11.34M less.

Analysts await Liquidity Services, Inc. (NASDAQ:LQDT) to report earnings on February, 2. They expect $-0.13 earnings per share, up 23.53% or $0.04 from last year’s $-0.17 per share. After $-0.12 actual earnings per share reported by Liquidity Services, Inc. for the previous quarter, Wall Street now forecasts 8.33% negative EPS growth.

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. The company was maintained on Friday, February 5 by RBC Capital Markets. The stock of Liquidity Services, Inc. (NASDAQ:LQDT) earned “Hold” rating by Benchmark on Friday, May 6. RBC Capital Markets maintained the shares of LQDT in a report on Friday, November 20 with “Sector Perform” rating. The firm has “Hold” rating given on Friday, November 20 by Benchmark.

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 1.61 in 2016 Q2. Its up 0.33, from 1.28 in 2016Q1. The ratio is positive, 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.
Northern Trust Corporation, a Illinois-based fund reported 338,322 shares. Great West Life Assurance Can last reported 1,071 shares in the company. Bnp Paribas Arbitrage accumulated 8,039 shares or 0% of the stock. Ig Investment Mngmt Ltd last reported 36,490 shares in the company. Voya Mngmt Limited Liability Corp, a Georgia-based fund reported 21,287 shares. Morgan Stanley owns 409,094 shares or 0% of their US portfolio. Bridgeway Cap Mgmt accumulated 202,500 shares or 0.02% of the stock. Acadian Asset Mgmt Limited Liability Company accumulated 1.05 million shares or 0.04% of the stock. The Massachusetts-based Rhumbline Advisers has invested 0% in Liquidity Services, Inc. (NASDAQ:LQDT). Deutsche National Bank & Trust Ag last reported 61,006 shares in the company. Bank Of America Corp De last reported 0% of its portfolio in the stock. The Illinois-based First Tru Advsr L P has invested 0% in Liquidity Services, Inc. (NASDAQ:LQDT). Metropolitan Life holds 0% or 20,156 shares in its portfolio. Blackrock Investment Mngmt Ltd Liability Corporation last reported 0% of its portfolio in the stock. Thompson Invest Mgmt has 74,145 shares for 0.12% of their US portfolio.

Insider Transactions: Since July 1, 2016, the stock had 0 insider purchases, and 16 insider sales for $1.50 million net activity. Shares for $34,555 were sold by Dudley Gardner H on Thursday, October 6. Rallo James M had sold 9,583 shares worth $101,269 on Monday, October 3. $16,707 worth of Liquidity Services, Inc. (NASDAQ:LQDT) was sold by Shaffer Mark A on Monday, October 3. Casusol Segundo Leoncio sold 32,648 shares worth $313,541. $121,860 worth of Liquidity Services, Inc. (NASDAQ:LQDT) shares were sold by Celaya Jorge.

More notable recent Liquidity Services, Inc. (NASDAQ:LQDT) news were published by: Fool.com which released: “Why Liquidity Services, Inc. Stock Gained 12% Last Month” on October 12, 2016, also Fool.com with their article: “Why Liquidity Services, Inc. Stock Popped Today” published on May 05, 2016, Fool.com published: “Why Liquidity Services, Inc. Stock Plunged Today” on February 04, 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 Seekingalpha.com‘s news article titled: “Liquidity Services Has Zero Margin Of Safety” with publication date: November 23, 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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