Liquidity Services (NASDAQ:LQDT) Stock Price Down 4% – What’s Next?

Shares of Liquidity Services, Inc. (NASDAQ:LQDT) were down 4% during trading on Monday . The company traded as low as $34.10 and last traded at $34.13. Approximately 91,095 shares changed hands during trading, a decline of 29% from the average daily volume of 128,011 shares. The stock had previously closed at $35.54.

Wall Street Analyst Weigh In

Several research firms recently commented on LQDT. Barrington Research reiterated an “outperform” rating and set a $27.00 target price on shares of Liquidity Services in a research report on Tuesday, December 10th. StockNews.com lowered shares of Liquidity Services from a “strong-buy” rating to a “buy” rating in a report on Friday, December 13th. Finally, Craig Hallum increased their price objective on Liquidity Services from $28.00 to $37.00 and gave the company a “buy” rating in a report on Friday, December 13th.

Liquidity Services Stock Down 6.5 %

The company has a market capitalization of $957.89 million, a price-to-earnings ratio of 49.46 and a beta of 1.42. The stock has a 50 day moving average of $24.60 and a 200 day moving average of $22.35.

Institutional Investors Weigh In On Liquidity Services

A number of institutional investors have recently modified their holdings of the company. Royce & Associates LP acquired a new position in Liquidity Services in the third quarter valued at $488,000. Allspring Global Investments Holdings LLC acquired a new position in shares of Liquidity Services in the 3rd quarter valued at about $1,311,000. Intech Investment Management LLC bought a new stake in shares of Liquidity Services during the 3rd quarter valued at about $518,000. Acadian Asset Management LLC grew its stake in Liquidity Services by 15.7% during the second quarter. Acadian Asset Management LLC now owns 503,600 shares of the business services provider’s stock worth $10,060,000 after purchasing an additional 68,407 shares during the period. Finally, BNP Paribas Financial Markets increased its holdings in Liquidity Services by 31.2% in the third quarter. BNP Paribas Financial Markets now owns 24,912 shares of the business services provider’s stock worth $568,000 after purchasing an additional 5,929 shares in the last quarter. 71.15% of the stock is owned by institutional investors.

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.