Liquidity Services, Inc. (NASDAQ:LQDT – Get Free Report) CFO Jorge Celaya sold 6,098 shares of the stock in a transaction that occurred on Thursday, May 28th. The stock was sold at an average price of $36.40, for a total transaction of $221,967.20. Following the sale, the chief financial officer directly owned 66,895 shares of the company’s stock, valued at approximately $2,434,978. This trade represents a 8.35% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink.
Jorge Celaya also recently made the following trade(s):
- On Tuesday, May 26th, Jorge Celaya sold 11,303 shares of Liquidity Services stock. The stock was sold at an average price of $35.24, for a total transaction of $398,317.72.
- On Wednesday, May 27th, Jorge Celaya sold 5,320 shares of Liquidity Services stock. The stock was sold at an average price of $36.06, for a total transaction of $191,839.20.
Liquidity Services Stock Performance
LQDT traded up $0.27 on Thursday, reaching $36.33. 184,655 shares of the company’s stock were exchanged, compared to its average volume of 161,036. The company’s 50 day moving average is $33.12 and its 200-day moving average is $31.34. The company has a market cap of $1.13 billion, a price-to-earnings ratio of 39.06 and a beta of 1.10. Liquidity Services, Inc. has a twelve month low of $21.67 and a twelve month high of $38.83.
Hedge Funds Weigh In On Liquidity Services
Several large investors have recently added to or reduced their stakes in the company. Vanguard Group Inc. lifted its stake in Liquidity Services by 3.1% during the fourth quarter. Vanguard Group Inc. now owns 1,813,734 shares of the business services provider’s stock worth $54,974,000 after purchasing an additional 54,045 shares during the last quarter. Ameriprise Financial Inc. lifted its stake in Liquidity Services by 55.1% during the second quarter. Ameriprise Financial Inc. now owns 1,281,332 shares of the business services provider’s stock worth $30,227,000 after purchasing an additional 454,988 shares during the last quarter. Punch & Associates Investment Management Inc. lifted its stake in Liquidity Services by 1.1% during the first quarter. Punch & Associates Investment Management Inc. now owns 920,394 shares of the business services provider’s stock worth $28,136,000 after purchasing an additional 10,148 shares during the last quarter. Wellington Management Group LLP increased its position in Liquidity Services by 18.3% in the third quarter. Wellington Management Group LLP now owns 884,001 shares of the business services provider’s stock worth $24,248,000 after buying an additional 136,626 shares during the period. Finally, State Street Corp increased its position in Liquidity Services by 0.9% in the fourth quarter. State Street Corp now owns 866,467 shares of the business services provider’s stock worth $26,263,000 after buying an additional 7,919 shares during the period. 71.15% of the stock is currently owned by institutional investors.
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
A number of research firms have weighed in on LQDT. Barrington Research restated an “outperform” rating and issued a $44.00 price target on shares of Liquidity Services in a report on Thursday, May 21st. Zacks Research cut Liquidity Services from a “strong-buy” rating to a “hold” rating in a report on Tuesday, April 7th. Weiss Ratings upgraded Liquidity Services from a “hold (c)” rating to a “hold (c+)” rating in a report on Thursday, May 7th. Finally, Wall Street Zen upgraded Liquidity Services from a “buy” rating to a “strong-buy” rating in a research note on Saturday, May 23rd. One research analyst has rated the stock with a Buy rating and two have assigned a Hold rating to the company. According to MarketBeat, Liquidity Services presently has a consensus rating of “Hold” and a consensus price target of $44.00.
Check Out Our Latest 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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