Liquidity Services, Inc. (NASDAQ:LQDT) was upgraded by Zacks Investment Research from a “sell” rating to a “hold” rating in a report released on Wednesday.

According to Zacks, “Liquidity Services, Inc. is a leading online auction marketplace for wholesale, surplus and salvage assets. LSI enables its corporate and government sellers to enhance their financial return on excess assets by providing a liquid marketplace and value-added services that integrate sales and marketing, logistics and transaction settlement into a single offering. LSI has developed and deployed highly successful online sales programs on a significant scale for clients including large corporations and government agencies to maximize the market reach and recovery value of surplus assets in a timely manner. “

Other equities analysts also recently issued reports about the company. Robert W. Baird restated a “neutral” rating on shares of Liquidity Services in a research note on Monday, July 3rd. ValuEngine upgraded Liquidity Services from a “strong sell” rating to a “sell” rating in a research report on Friday, June 2nd.

Shares of Liquidity Services (NASDAQ:LQDT) remained flat at $5.90 on Wednesday. 59,690 shares of the company were exchanged. The firm’s market capitalization is $185.87 million. Liquidity Services has a 1-year low of $5.75 and a 1-year high of $11.49. The stock has a 50 day moving average price of $6.32 and a 200-day moving average price of $7.15.

Liquidity Services (NASDAQ:LQDT) last issued its earnings results on Thursday, August 3rd. The business services provider reported ($0.22) EPS for the quarter, beating the Zacks’ consensus estimate of ($0.25) by $0.03. Liquidity Services had a negative return on equity of 23.56% and a negative net margin of 13.15%. The company had revenue of $65.50 million during the quarter, compared to the consensus estimate of $79.56 million. During the same period in the previous year, the firm posted $0.07 earnings per share. Liquidity Services’s quarterly revenue was down 23.1% compared to the same quarter last year. Equities analysts predict that Liquidity Services will post ($0.91) earnings per share for the current fiscal year.

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A number of large investors have recently made changes to their positions in the company. BlackRock Fund Advisors boosted its stake in shares of Liquidity Services by 1.5% in the first quarter. BlackRock Fund Advisors now owns 1,588,391 shares of the business services provider’s stock valued at $8,228,000 after buying an additional 23,121 shares during the last quarter. BlackRock Group LTD boosted its stake in shares of Liquidity Services by 11.4% in the first quarter. BlackRock Group LTD now owns 38,893 shares of the business services provider’s stock valued at $202,000 after buying an additional 3,968 shares during the last quarter. Prudential Financial Inc. boosted its stake in shares of Liquidity Services by 37.9% in the first quarter. Prudential Financial Inc. now owns 87,299 shares of the business services provider’s stock valued at $452,000 after buying an additional 23,986 shares during the last quarter. Los Angeles Capital Management & Equity Research Inc. boosted its stake in shares of Liquidity Services by 164.1% in the first quarter. Los Angeles Capital Management & Equity Research Inc. now owns 64,233 shares of the business services provider’s stock valued at $333,000 after buying an additional 39,915 shares during the last quarter. Finally, Acadian Asset Management LLC boosted its stake in shares of Liquidity Services by 61.4% in the first quarter. Acadian Asset Management LLC now owns 963,205 shares of the business services provider’s stock valued at $4,991,000 after buying an additional 366,318 shares during the last quarter. 66.27% of the stock is currently owned by hedge funds and other institutional investors.

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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