Liquidity Services (LQDT) Downgraded to Sell at Zacks Investment Research

Zacks Investment Research cut shares of Liquidity Services (NASDAQ:LQDT) from a hold rating to a sell rating in a report issued on Thursday morning.

According to Zacks, “Liquidity Services, Inc. employs innovative e-commerce marketplace solutions to manage, value and sell inventory and equipment for business and government clients. The company operates a network of leading e-commerce marketplaces that enable buyers and sellers to transact in an efficient, automated environment offering over 500 product categories. Their superior service, unmatched scale and ability to deliver results enable us to forge trusted, long-term relationships with over 10,000 clients worldwide. “

Several other equities research analysts also recently issued reports on the stock. Barrington Research set a $10.00 price objective on shares of Liquidity Services and gave the stock a buy rating in a research note on Tuesday, May 1st. ValuEngine upgraded shares of Liquidity Services from a sell rating to a hold rating in a research note on Wednesday, May 9th.

Liquidity Services opened at $5.75 on Thursday, MarketBeat.com reports. Liquidity Services has a 12 month low of $4.34 and a 12 month high of $7.65.

Liquidity Services (NASDAQ:LQDT) last released its quarterly earnings results on Thursday, May 3rd. The business services provider reported ($0.12) EPS for the quarter, beating the Zacks’ consensus estimate of ($0.14) by $0.02. Liquidity Services had a negative net margin of 12.72% and a negative return on equity of 19.31%. The company had revenue of $43.10 million for the quarter, compared to analyst estimates of $60.16 million. analysts expect that Liquidity Services will post -0.71 EPS for the current year.

In other news, insider Roger Gravley sold 12,385 shares of the firm’s stock in a transaction on Monday, April 2nd. The shares were sold at an average price of $6.23, for a total value of $77,158.55. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Company insiders own 22.10% of the company’s stock.

Several institutional investors have recently made changes to their positions in the company. Matarin Capital Management LLC acquired a new stake in Liquidity Services during the first quarter worth $104,000. SG Americas Securities LLC acquired a new stake in Liquidity Services during the fourth quarter worth $105,000. Citadel Advisors LLC acquired a new stake in Liquidity Services during the fourth quarter worth $115,000. Trexquant Investment LP acquired a new stake in Liquidity Services during the first quarter worth $141,000. Finally, Millennium Management LLC acquired a new stake in Liquidity Services during the fourth quarter worth $148,000. Institutional investors and hedge funds own 67.01% of the company’s stock.

About Liquidity Services

Liquidity Services, Inc provides e-commerce marketplace solutions to manage, value, and sell inventory and equipment for business and government clients in the United States. The company's marketplaces include liquidation.com that enable corporations to sell surplus and salvage consumer goods and capital assets; govliquidation.com, which enables federal government agencies and commercial businesses to sell surplus and scrap assets; govdeals.com that enables local and state government entities, school boards, and public utilities to sell surplus and salvage assets; auctiondeals.com self-service solution which enable sellers list their assets to commercial businesses to sell surplus and salvage assets.

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