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

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. “

A number of other equities analysts also recently commented on the stock. ValuEngine raised shares of Liquidity Services from a “strong sell” rating to a “sell” rating in a research note on Friday, June 2nd. Robert W. Baird reaffirmed a “neutral” rating on shares of Liquidity Services in a research note on Monday, July 3rd.

Shares of Liquidity Services (NASDAQ:LQDT) opened at 5.80 on Friday. The stock’s market capitalization is $182.72 million. Liquidity Services has a 52-week low of $5.50 and a 52-week high of $11.49. The company has a 50-day moving average of $5.93 and a 200-day moving average of $6.76.

Liquidity Services (NASDAQ:LQDT) last issued its earnings results on Thursday, August 3rd. The business services provider reported ($0.22) EPS for the quarter, topping analysts’ consensus estimates of ($0.25) by $0.03. Liquidity Services had a negative net margin of 27.52% and a negative return on equity of 16.59%. The company had revenue of $65.50 million for the quarter, compared to the consensus estimate of $79.56 million. During the same period in the previous year, the firm earned $0.07 earnings per share. Liquidity Services’s quarterly revenue was down 23.1% compared to the same quarter last year. Equities research analysts anticipate that Liquidity Services will post ($0.91) EPS for the current year.

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A number of hedge funds have recently modified their holdings of LQDT. Arizona State Retirement System raised its stake in Liquidity Services by 1.6% during the first quarter. Arizona State Retirement System now owns 12,737 shares of the business services provider’s stock worth $102,000 after purchasing an additional 200 shares during the period. Public Employees Retirement System of Ohio raised its stake in Liquidity Services by 16.2% during the first quarter. Public Employees Retirement System of Ohio now owns 13,017 shares of the business services provider’s stock worth $104,000 after purchasing an additional 1,816 shares during the period. Thrivent Financial For Lutherans raised its stake in Liquidity Services by 5.2% during the first quarter. Thrivent Financial For Lutherans now owns 13,770 shares of the business services provider’s stock worth $110,000 after purchasing an additional 680 shares during the period. Texas Permanent School Fund raised its stake in Liquidity Services by 1.2% during the second quarter. Texas Permanent School Fund now owns 17,931 shares of the business services provider’s stock worth $114,000 after purchasing an additional 204 shares during the period. Finally, Citadel Advisors LLC raised its stake in Liquidity Services by 57.3% during the first quarter. Citadel Advisors LLC now owns 17,141 shares of the business services provider’s stock worth $137,000 after purchasing an additional 6,241 shares during the period. 67.55% of the stock is currently owned by institutional investors.

About Liquidity Services

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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