Liquidity Services, Inc. (NASDAQ:LQDT – Get Free Report) SVP Steven Weiskircher sold 11,477 shares of the business’s stock in a transaction on Friday, May 22nd. The stock was sold at an average price of $34.23, for a total value of $392,857.71. Following the sale, the senior vice president owned 58,559 shares in the company, valued at $2,004,474.57. This represents a 16.39% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link.
Steven Weiskircher also recently made the following trade(s):
- On Thursday, May 21st, Steven Weiskircher sold 493 shares of Liquidity Services stock. The stock was sold at an average price of $34.45, for a total value of $16,983.85.
- On Friday, March 6th, Steven Weiskircher sold 4,967 shares of Liquidity Services stock. The stock was sold at an average price of $32.07, for a total value of $159,291.69.
Liquidity Services Trading Up 0.7%
Shares of LQDT opened at $36.33 on Friday. The company has a market capitalization of $1.13 billion, a PE ratio of 39.06 and a beta of 1.10. Liquidity Services, Inc. has a 12 month low of $21.67 and a 12 month high of $38.83. The stock’s 50-day moving average price is $33.12 and its two-hundred day moving average price is $31.34.
Institutional Inflows and Outflows
Hedge funds and other institutional investors have recently made changes to their positions in the business. Mirae Asset Global Investments Co. Ltd. acquired a new position in Liquidity Services during the 3rd quarter worth approximately $30,000. Wealth Enhancement Advisory Services LLC acquired a new position in Liquidity Services during the 3rd quarter worth approximately $44,000. Tower Research Capital LLC TRC raised its stake in Liquidity Services by 451.0% during the 2nd quarter. Tower Research Capital LLC TRC now owns 2,700 shares of the business services provider’s stock worth $64,000 after buying an additional 2,210 shares during the period. Meeder Asset Management Inc. acquired a new position in Liquidity Services during the 1st quarter worth approximately $97,000. Finally, Fifth Third Bancorp raised its stake in Liquidity Services by 4,505.7% during the 1st 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.
Key Liquidity Services News
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
Analysts Set New Price Targets
Several research analysts have commented on the company. Barrington Research reaffirmed an “outperform” rating and set a $44.00 target price on shares of Liquidity Services in a report on Thursday, May 21st. Wall Street Zen raised Liquidity Services from a “buy” rating to a “strong-buy” rating in a report on Saturday, May 23rd. Weiss Ratings raised Liquidity Services from a “hold (c)” rating to a “hold (c+)” rating in a report on Thursday, May 7th. Finally, Zacks Research downgraded Liquidity Services from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, April 7th. One equities research analyst has rated the stock with a Buy rating and two have assigned a Hold rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of $44.00.
Get Our Latest Research Report on LQDT
About Liquidity Services
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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