Barrington Research Weighs in on Liquidity Services, Inc.’s Q3 2021 Earnings (NASDAQ:LQDT)

Liquidity Services, Inc. (NASDAQ:LQDT) – Analysts at Barrington Research dropped their Q3 2021 earnings estimates for Liquidity Services in a report issued on Tuesday, February 11th. Barrington Research analyst G. Prestopino now expects that the business services provider will post earnings of $0.02 per share for the quarter, down from their previous forecast of $0.04. Barrington Research has a “Outperform” rating and a $10.00 price target on the stock. Barrington Research also issued estimates for Liquidity Services’ Q4 2021 earnings at $0.01 EPS.

Liquidity Services (NASDAQ:LQDT) last issued its quarterly earnings results on Thursday, February 6th. The business services provider reported ($0.12) earnings per share for the quarter, meeting analysts’ consensus estimates of ($0.12). Liquidity Services had a negative return on equity of 7.44% and a negative net margin of 8.75%. The business had revenue of $49.50 million for the quarter, compared to the consensus estimate of $54.12 million.

LQDT has been the topic of a number of other research reports. Zacks Investment Research downgraded Liquidity Services from a “hold” rating to a “sell” rating in a report on Friday. ValuEngine upgraded Liquidity Services from a “hold” rating to a “buy” rating in a report on Wednesday, January 15th. One research analyst has rated the stock with a sell rating, one has given a hold rating and two have assigned a buy rating to the stock. The stock has a consensus rating of “Hold” and an average price target of $8.63.

Shares of LQDT stock opened at $4.39 on Thursday. Liquidity Services has a 1-year low of $4.38 and a 1-year high of $8.34. The company has a market capitalization of $149.21 million, a price-to-earnings ratio of -7.57 and a beta of 1.02. The stock’s fifty day simple moving average is $5.56 and its 200-day simple moving average is $6.49.

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Renaissance Technologies LLC boosted its position in Liquidity Services by 2.8% during the fourth quarter. Renaissance Technologies LLC now owns 2,421,649 shares of the business services provider’s stock valued at $14,433,000 after purchasing an additional 64,895 shares during the last quarter. Vanguard Group Inc. boosted its position in Liquidity Services by 1.2% during the second quarter. Vanguard Group Inc. now owns 1,683,370 shares of the business services provider’s stock valued at $10,252,000 after purchasing an additional 19,503 shares during the last quarter. Roumell Asset Management LLC boosted its position in Liquidity Services by 10.4% during the fourth quarter. Roumell Asset Management LLC now owns 903,886 shares of the business services provider’s stock valued at $5,387,000 after purchasing an additional 85,137 shares during the last quarter. Russell Investments Group Ltd. boosted its position in Liquidity Services by 4.0% during the fourth quarter. Russell Investments Group Ltd. now owns 762,537 shares of the business services provider’s stock valued at $4,542,000 after purchasing an additional 29,648 shares during the last quarter. Finally, State Street Corp boosted its position in Liquidity Services by 3.5% during the fourth quarter. State Street Corp now owns 699,725 shares of the business services provider’s stock valued at $4,170,000 after purchasing an additional 23,638 shares during the last quarter. 69.08% of the stock is owned by hedge funds and other institutional investors.

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.

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Earnings History and Estimates for Liquidity Services (NASDAQ:LQDT)

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