Liquidity Services (NASDAQ:LQDT) was downgraded by Zacks Investment Research from a “buy” rating to a “hold” rating in a research report issued to clients and investors on Thursday.
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. “
A number of other analysts have also weighed in on LQDT. Barrington Research upgraded Liquidity Services from a “market perform” rating to an “outperform” rating in a report on Thursday, February 1st. ValuEngine lowered Liquidity Services from a “sell” rating to a “strong sell” rating in a report on Thursday, February 8th.
Liquidity Services (NASDAQ:LQDT) last announced its quarterly earnings results on Thursday, February 1st. The business services provider reported ($0.14) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.33) by $0.19. The firm had revenue of $61.14 million during the quarter, compared to analyst estimates of $65.42 million. Liquidity Services had a negative return on equity of 20.43% and a negative net margin of 12.29%. Liquidity Services’s quarterly revenue was down 13.6% on a year-over-year basis. During the same quarter in the previous year, the business earned ($0.22) earnings per share. analysts expect that Liquidity Services will post -0.46 earnings per share for the current fiscal year.
Institutional investors have recently bought and sold shares of the business. SG Americas Securities LLC purchased a new stake in Liquidity Services during the fourth quarter worth $105,000. Citadel Advisors LLC purchased a new stake in Liquidity Services during the fourth quarter worth $115,000. Millennium Management LLC purchased a new stake in Liquidity Services during the fourth quarter worth $148,000. Elkfork Partners LLC purchased a new stake in Liquidity Services during the fourth quarter worth $164,000. Finally, Investors Research Corp purchased a new stake in Liquidity Services during the fourth quarter worth $171,000. Institutional investors own 67.66% of the company’s stock.
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Liquidity Services Company Profile
Liquidity Services, Inc operates a network of e-commerce marketplaces that enable buyers and sellers to transact in an automated environment. The Company employs e-commerce marketplace solutions to manage, value and sell inventory and equipment for business and government clients. The Company’s marketplaces provide professional buyers access to a global supply of new, surplus and scrap assets presented with digital images and other relevant product information.
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