Liquidity Services, Inc. (NASDAQ:LQDT – Get Free Report) CFO Jorge Celaya sold 11,303 shares of the stock in a transaction that occurred on Tuesday, May 26th. The shares were sold at an average price of $35.24, for a total transaction of $398,317.72. Following the completion of the transaction, the chief financial officer owned 50,965 shares of the company’s stock, valued at $1,796,006.60. This trade represents a 18.15% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink.
Jorge Celaya also recently made the following trade(s):
- On Thursday, May 28th, Jorge Celaya sold 6,098 shares of Liquidity Services stock. The shares were sold at an average price of $36.40, for a total transaction of $221,967.20.
- On Wednesday, May 27th, Jorge Celaya sold 5,320 shares of Liquidity Services stock. The shares were sold at an average price of $36.06, for a total transaction of $191,839.20.
Liquidity Services Price Performance
Shares of Liquidity Services stock traded up $0.27 on Thursday, hitting $36.33. The company had a trading volume of 184,655 shares, compared to its average volume of 161,036. The business has a 50-day simple moving average of $33.12 and a 200-day simple moving average of $31.34. The company has a market cap of $1.13 billion, a PE ratio of 39.06 and a beta of 1.10. Liquidity Services, Inc. has a 52 week low of $21.67 and a 52 week high of $38.83.
Hedge Funds Weigh In On Liquidity Services
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in LQDT. Mirae Asset Global Investments Co. Ltd. acquired a new position in Liquidity Services in the 3rd quarter worth approximately $30,000. Wealth Enhancement Advisory Services LLC acquired a new position in Liquidity Services in the 3rd quarter worth approximately $44,000. Tower Research Capital LLC TRC boosted its stake in Liquidity Services by 451.0% in the 2nd quarter. Tower Research Capital LLC TRC now owns 2,700 shares of the business services provider’s stock worth $64,000 after purchasing an additional 2,210 shares during the period. Meeder Asset Management Inc. acquired a new position in Liquidity Services in the 1st quarter worth approximately $97,000. Finally, Fifth Third Bancorp boosted its stake in Liquidity Services by 4,505.7% in the 1st quarter. Fifth Third Bancorp now owns 3,224 shares of the business services provider’s stock worth $99,000 after purchasing an additional 3,154 shares during the period. Institutional investors and hedge funds own 71.15% of the company’s stock.
Liquidity Services News Roundup
Here are the key news stories impacting Liquidity Services this week:
- Positive Sentiment: The company’s latest quarter topped expectations, with EPS and revenue both beating estimates, and management recently reiterated guidance. That stronger operating performance is a key reason investors have been willing to bid the stock higher. Article Title
- Positive Sentiment: Liquidity Services also announced that senior leadership, including CEO Bill Angrick and CFO Jorge Celaya, will participate in upcoming investor conferences, which can help reinforce the company’s growth story and keep investor attention on the stock. Article Title
- Neutral Sentiment: Analyst sentiment is mixed but constructive overall, with Barrington Research maintaining an “Outperform” rating and a $44 target, while the broader consensus remains “Hold.”
- Negative Sentiment: Recent insider selling could temper enthusiasm. CFO Jorge Celaya sold shares in multiple transactions, and additional sales were reported by SVP Steven Weiskircher and insider Novelette Murray. Investors sometimes view repeated insider selling as a sign executives are taking profits near current levels. Article Title
Wall Street Analyst Weigh In
LQDT has been the subject of a number of research reports. Weiss Ratings upgraded shares of Liquidity Services from a “hold (c)” rating to a “hold (c+)” rating in a report on Thursday, May 7th. Zacks Research cut shares of Liquidity Services from a “strong-buy” rating to a “hold” rating in a report on Tuesday, April 7th. Wall Street Zen upgraded shares of Liquidity Services from a “buy” rating to a “strong-buy” rating in a report on Saturday, May 23rd. Finally, Barrington Research restated an “outperform” rating and set a $44.00 target price on shares of Liquidity Services in a report on Thursday, May 21st. One research analyst has rated the stock with a Buy rating and two have issued a Hold rating to the company. According to data from MarketBeat, the company has an average rating of “Hold” and an average price target of $44.00.
Check Out Our Latest Research Report on Liquidity Services
Liquidity Services Company Profile
Liquidity Services, Inc is a technology-driven provider of online marketplaces for surplus and remarketed assets. Through its wholly owned platforms—such as Liquidation.com, GovDeals, Machinio and GoIndustry DoveBid—the company connects sellers of industrial equipment, commercial inventory, government surplus and transportation assets with a broad base of registered buyers. Its solutions blend auction formats, fixed-price listings and managed-service offerings to support efficient asset disposition across a wide range of industries.
The company’s core services include asset valuation, marketing, inspection and logistics coordination.
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