Liquidity Services, Inc. (NASDAQ:LQDT) – Analysts at Barrington Research decreased their Q3 2020 earnings per share (EPS) estimates for Liquidity Services in a research report issued on Wednesday, December 11th, Zacks Investment Research reports. Barrington Research analyst G. Prestopino now anticipates that the business services provider will post earnings of ($0.01) per share for the quarter, down from their previous estimate of $0.01. Barrington Research currently has a “Outperform” rating and a $10.00 target price on the stock. Barrington Research also issued estimates for Liquidity Services’ Q4 2020 earnings at $0.00 EPS, Q1 2021 earnings at ($0.04) EPS, Q2 2021 earnings at ($0.02) EPS, Q3 2021 earnings at $0.04 EPS, Q4 2021 earnings at ($0.01) EPS and FY2021 earnings at ($0.03) EPS.
Liquidity Services (NASDAQ:LQDT) last released its quarterly earnings data on Tuesday, December 10th. The business services provider reported ($0.07) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.02) by ($0.05). Liquidity Services had a negative net margin of 8.50% and a negative return on equity of 6.57%. The firm had revenue of $58.80 million during the quarter, compared to analysts’ expectations of $53.73 million.
LQDT has been the subject of a number of other research reports. BidaskClub cut shares of Liquidity Services from a “buy” rating to a “hold” rating in a research note on Saturday, September 21st. Zacks Investment Research cut shares of Liquidity Services from a “buy” rating to a “hold” rating in a research note on Thursday, October 24th. Finally, ValuEngine cut shares of Liquidity Services from a “hold” rating to a “sell” rating in a research note on Wednesday, October 2nd. One investment analyst has rated the stock with a sell rating, two have given a hold rating and one has issued a buy rating to the stock. The stock presently has a consensus rating of “Hold” and a consensus target price of $8.63.
LQDT traded down $0.07 on Friday, reaching $5.87. The stock had a trading volume of 50,348 shares, compared to its average volume of 73,083. Liquidity Services has a 12-month low of $5.45 and a 12-month high of $9.16. The business’s 50-day moving average price is $6.25 and its two-hundred day moving average price is $6.60. The company has a market cap of $201.28 million, a P/E ratio of -26.68 and a beta of 1.01.
A number of institutional investors and hedge funds have recently bought and sold shares of LQDT. JPMorgan Chase & Co. boosted its position in Liquidity Services by 18.4% during the second quarter. JPMorgan Chase & Co. now owns 9,369 shares of the business services provider’s stock worth $56,000 after acquiring an additional 1,457 shares during the last quarter. Susquehanna International Group LLP acquired a new position in Liquidity Services during the second quarter worth about $67,000. Citadel Advisors LLC acquired a new position in Liquidity Services during the second quarter worth about $123,000. D. E. Shaw & Co. Inc. boosted its position in Liquidity Services by 10.6% during the second quarter. D. E. Shaw & Co. Inc. now owns 25,018 shares of the business services provider’s stock worth $152,000 after acquiring an additional 2,402 shares during the last quarter. Finally, State of Alaska Department of Revenue boosted its position in Liquidity Services by 124.6% during the third quarter. State of Alaska Department of Revenue now owns 20,616 shares of the business services provider’s stock worth $152,000 after acquiring an additional 11,435 shares during the last quarter. Hedge funds and other institutional investors own 69.29% of the company’s stock.
Liquidity Services Company Profile
Liquidity Services, Inc provides e-commerce marketplace that enable buyers and sellers to transact in an automated environment offering approximately 500 product categories. The company’s marketplaces include liquidation.com that enable corporations to sell surplus and salvage consumer goods and capital assets; govdeals.com that enables local and state government entities, including city, county, and state agencies to sell surplus and salvage assets, as well as offers a suite of services that includes asset sales and marketing, and seller self-service; and auctiondeals.com, a self-service solution, which enable sellers list their own assets, and enable commercial businesses to sell surplus and salvage assets.