Liquidity Services, Inc. (NASDAQ:LQDT – Get Free Report) EVP John Daunt sold 715 shares of the business’s stock in a transaction dated Tuesday, September 1st. The stock was sold at an average price of $41.27, for a total value of $29,508.05. Following the sale, the executive vice president directly owned 38,086 shares of the company’s stock, valued at $1,571,809.22. This represents a 1.84% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link.
John Daunt also recently made the following trade(s):
- On Monday, August 3rd, John Daunt sold 715 shares of Liquidity Services stock. The stock was sold at an average price of $39.00, for a total transaction of $27,885.00.
- On Wednesday, July 1st, John Daunt sold 462 shares of Liquidity Services stock. The shares were sold at an average price of $39.13, for a total transaction of $18,078.06.
- On Friday, June 26th, John Daunt sold 39 shares of Liquidity Services stock. The shares were sold at an average price of $39.09, for a total transaction of $1,524.51.
- On Wednesday, June 24th, John Daunt sold 10,139 shares of Liquidity Services stock. The shares were sold at an average price of $39.24, for a total transaction of $397,854.36.
Liquidity Services Stock Up 2.8%
LQDT stock opened at $40.50 on Friday. Liquidity Services, Inc. has a twelve month low of $21.67 and a twelve month high of $44.09. The business’s fifty day moving average is $40.14 and its 200-day moving average is $35.88. The company has a market cap of $1.27 billion, a P/E ratio of 39.71 and a beta of 1.07.
Hedge Funds Weigh In On Liquidity Services
Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Persistent Asset Partners Ltd bought a new position in Liquidity Services in the 2nd quarter valued at approximately $35,000. Quantbot Technologies LP bought a new stake in shares of Liquidity Services in the 2nd quarter valued at $53,000. Tower Research Capital LLC TRC boosted its stake in shares of 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 valued at $64,000 after purchasing an additional 2,210 shares during the last quarter. Meeder Asset Management Inc. acquired a new stake in shares of Liquidity Services during the first quarter worth $97,000. Finally, Fifth Third Bancorp increased its position in shares of Liquidity Services by 4,505.7% during the first quarter. Fifth Third Bancorp now owns 3,224 shares of the business services provider’s stock worth $99,000 after buying an additional 3,154 shares during the period. 71.15% of the stock is owned by institutional investors and hedge funds.
Analyst Upgrades and Downgrades
A number of research analysts have weighed in on the stock. Barrington Research set a $50.00 price target on shares of Liquidity Services in a research note on Friday, August 7th. Zacks Research upgraded Liquidity Services from a “hold” rating to a “strong-buy” rating in a research note on Thursday, August 27th. Wall Street Zen raised shares of Liquidity Services from a “buy” rating to a “strong-buy” rating in a report on Sunday, August 16th. Finally, Weiss Ratings raised Liquidity Services from a “buy (b-)” rating to a “buy (b)” rating in a report on Tuesday, August 11th. One analyst has rated the stock with a Strong Buy rating and two have assigned a Buy rating to the company’s stock. According to data from MarketBeat, Liquidity Services presently has an average rating of “Buy” and an average price target of $50.00.
Check Out Our Latest Stock Analysis 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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