After Forming Double Top Pattern, Is Liquidity Services, Inc. (LQDT)’s Near-Term Analysis Positive?

June 17, 2018 - By Vivian Park

Liquidity Services, Inc. (NASDAQ:LQDT) Logo

Investors sentiment decreased to 1.15 in 2018 Q1. Its down 0.11, from 1.26 in 2017Q4. It dropped, as 12 investors sold Liquidity Services, Inc. shares while 29 reduced holdings. 13 funds opened positions while 34 raised stakes. 21.30 million shares or 0.30% less from 21.37 million shares in 2017Q4 were reported.
Voya Management Limited Liability Co reported 14,690 shares. Jpmorgan Chase Company invested in 52,882 shares. Macquarie Group Ltd reported 0% of its portfolio in Liquidity Services, Inc. (NASDAQ:LQDT). Goldman Sachs Gru accumulated 210,048 shares. Stone Ridge Asset Management Ltd Liability Corporation accumulated 0.02% or 41,266 shares. Diversified Inv Strategies Limited accumulated 139,350 shares. Geode Mgmt Ltd Company owns 209,458 shares. State Of Alaska Department Of Revenue holds 0% or 8,351 shares in its portfolio. Millennium Mgmt Lc reported 30,367 shares. The New York-based Citigroup Inc has invested 0% in Liquidity Services, Inc. (NASDAQ:LQDT). Bridgeway Cap, a Texas-based fund reported 215,800 shares. 343,421 were reported by Northern. 45,173 are held by Wells Fargo And Mn. Pnc Financial Group Inc Incorporated reported 0% of its portfolio in Liquidity Services, Inc. (NASDAQ:LQDT). Bank & Trust Of Mellon Corp has invested 0% in Liquidity Services, Inc. (NASDAQ:LQDT).

Since April 2, 2018, it had 0 buys, and 2 selling transactions for $137,459 activity. $60,300 worth of Liquidity Services, Inc. (NASDAQ:LQDT) was sold by Rallo James M.

The chart of Liquidity Services, Inc. (LQDT) shows a double top with $6.71 target or 4.00 % above today’s $6.45 share price. The 5 months chart pattern indicates low risk for the $207.06 million company. It was reported on Jun, 17 by Finviz.com. If the $6.71 price target is reached, the company will be worth $8.28 million more. Double tops are rare but powerful chart patterns.

The stock increased 6.61% or $0.4 during the last trading session, reaching $6.45. About 60,715 shares traded. Liquidity Services, Inc. (NASDAQ:LQDT) has declined 17.04% since June 17, 2017 and is downtrending. It has underperformed by 29.61% the S&P500.

Analysts await Liquidity Services, Inc. (NASDAQ:LQDT) to report earnings on August, 2. They expect $-0.22 EPS, 0.00 % or $0.00 from last year’s $-0.22 per share. After $-0.12 actual EPS reported by Liquidity Services, Inc. for the previous quarter, Wall Street now forecasts 83.33 % negative EPS growth.

Liquidity Services, Inc. (NASDAQ:LQDT) Ratings Coverage

Among 2 analysts covering Liquidity Services (NASDAQ:LQDT), 1 have Buy rating, 0 Sell and 1 Hold. Therefore 50% are positive. Liquidity Services has $10.0 highest and $6.0 lowest target. $8’s average target is 24.03% above currents $6.45 stock price. Liquidity Services had 2 analyst reports since February 1, 2018 according to SRatingsIntel. Barrington upgraded Liquidity Services, Inc. (NASDAQ:LQDT) rating on Thursday, February 1. Barrington has “Buy” rating and $10.0 target. The stock has “Hold” rating by Robert W. Baird on Thursday, February 1.

Another recent and important Liquidity Services, Inc. (NASDAQ:LQDT) news was published by Nasdaq.com which published an article titled: “Liquidity Services Announces Upcoming Sales for Biopharmaceutical Assets on its Global Marketplace, GoIndustry …” on May 22, 2018.

Liquidity Services, Inc. provides e-commerce marketplace solutions to manage, value, and sell inventory and equipment for business and government clients in the United States. The company has market cap of $207.06 million. The companyÂ’s marketplaces include liquidation.com that enable firms to sell surplus and salvage consumer goods and capital assets; govliquidation.com, which enables federal government agencies and commercial businesses to sell surplus and scrap assets; and govdeals.com that enables local and state government entities, school boards, and public utilities to sell surplus and salvage assets. It currently has negative earnings. It also operates networkintl.com, which enables firms to sell idle, surplus, and scrap equipment in the gas and oil, petrochemical, and power generation industries; go-dove.com for firms in the United States, Europe, and Asia to sell manufacturing surplus and salvage capital assets; truckcenter.com, which enables firms to sell surplus and salvage transportation assets; irondirect.com that enables buyers to purchase equipment, attachments, parts, and services from manufacturers of construction equipment; and secondipity.com that provides clients a source of products through donating a portion of the proceeds of sale to charity.

Liquidity Services, Inc. (NASDAQ:LQDT) Institutional Positions Chart

Receive News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings with our FREE daily email newsletter.