Liquidity Services, Inc. (NASDAQ:LQDT – Get Free Report) EVP John Daunt sold 715 shares of the firm’s stock in a transaction dated Thursday, October 1st. The shares were sold at an average price of $42.75, for a total value of $30,566.25. Following the sale, the executive vice president owned 38,086 shares in the company, valued at approximately $1,628,176.50. The trade was a 1.84% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink.
John Daunt also recently made the following trade(s):
- On Tuesday, September 1st, John Daunt sold 715 shares of Liquidity Services stock. The stock was sold at an average price of $41.27, for a total value of $29,508.05.
- 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 value of $27,885.00.
Liquidity Services Price Performance
Shares of NASDAQ:LQDT opened at $43.23 on Monday. Liquidity Services, Inc. has a 52-week low of $21.67 and a 52-week high of $45.00. The company has a 50 day moving average of $41.84 and a two-hundred day moving average of $37.59. The company has a market capitalization of $1.35 billion, a price-to-earnings ratio of 42.38 and a beta of 1.04.
Wall Street Analysts Forecast Growth
A number of equities analysts have weighed in on the stock. Wall Street Zen raised shares of Liquidity Services from a “buy” rating to a “strong-buy” rating in a research report on Sunday, August 16th. Weiss Ratings raised Liquidity Services from a “buy (b-)” rating to a “buy (b)” rating in a research report on Tuesday, August 11th. Barrington Research set a $50.00 price target on Liquidity Services in a research note on Friday, August 7th. Finally, Zacks Research upgraded Liquidity Services from a “hold” rating to a “strong-buy” rating in a research note on Thursday, August 27th. One research analyst has rated the stock with a Strong Buy rating and two have issued a Buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Buy” and a consensus price target of $50.00.
Check Out Our Latest Analysis on Liquidity Services
Hedge Funds Weigh In On Liquidity Services
Large investors have recently added to or reduced their stakes in the company. BlackRock Inc. acquired a new stake in shares of Liquidity Services during the second quarter worth $140,508,000. Punch & Associates Investment Management Inc. bought a new position in shares of Liquidity Services in the 2nd quarter worth about $37,349,000. Rice Hall James & Associates LLC acquired a new position in shares of Liquidity Services in the 2nd quarter valued at about $23,804,000. Access Investment Management LLC boosted its holdings in shares of Liquidity Services by 24.6% in the 1st quarter. Access Investment Management LLC now owns 200,170 shares of the business services provider’s stock valued at $6,119,000 after buying an additional 39,545 shares during the period. Finally, Sei Investments Co. grew its position in shares of Liquidity Services by 12.5% during the 1st quarter. Sei Investments Co. now owns 193,469 shares of the business services provider’s stock valued at $5,914,000 after buying an additional 21,552 shares during the last quarter. 71.15% of the stock is currently owned by institutional investors.
Liquidity Services Company Profile
Liquidity Services, Inc (NASDAQ: LQDT) operates online marketplaces and related services for managing and selling surplus, returned, and otherwise underutilized assets. The company helps businesses, government agencies, and other organizations recover value from excess inventory and equipment while supporting the reuse and redistribution of goods.
Its marketplace portfolio includes GovDeals, which serves public-sector sellers; Liquidation.com and AllSurplus, which facilitate the sale of surplus and returned merchandise; and Machinio, a search marketplace for used equipment.
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