Liquidity Services, Inc. (NASDAQ:LQDT – Get Free Report) Director Jaime Mateus-Tique sold 1,100 shares of the company’s stock in a transaction on Friday, February 6th. The shares were sold at an average price of $33.19, for a total value of $36,509.00. Following the completion of the transaction, the director directly owned 151,172 shares in the company, valued at $5,017,398.68. This represents a 0.72% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink.
Jaime Mateus-Tique also recently made the following trade(s):
- On Monday, February 9th, Jaime Mateus-Tique sold 52,061 shares of Liquidity Services stock. The stock was sold at an average price of $33.20, for a total value of $1,728,425.20.
- On Thursday, February 5th, Jaime Mateus-Tique sold 12,290 shares of Liquidity Services stock. The stock was sold at an average price of $33.20, for a total value of $408,028.00.
Liquidity Services Trading Up 2.1%
Shares of Liquidity Services stock traded up $0.68 on Monday, reaching $33.19. 213,728 shares of the company were exchanged, compared to its average volume of 145,913. Liquidity Services, Inc. has a fifty-two week low of $21.67 and a fifty-two week high of $37.34. The firm has a market capitalization of $1.02 billion, a price-to-earnings ratio of 36.08 and a beta of 1.03. The stock has a fifty day moving average price of $31.28 and a 200-day moving average price of $27.55.
Analyst Upgrades and Downgrades
LQDT has been the subject of a number of recent analyst reports. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Liquidity Services in a research note on Thursday, January 22nd. Zacks Research upgraded Liquidity Services to a “hold” rating in a report on Wednesday, November 26th. Finally, Barrington Research set a $44.00 price target on Liquidity Services in a research report on Friday. One research analyst has rated the stock with a Buy rating and two have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of $44.00.
Check Out Our Latest Report on LQDT
Hedge Funds Weigh In On Liquidity Services
A number of hedge funds have recently modified their holdings of LQDT. Access Investment Management LLC increased its position in Liquidity Services by 14.3% in the 3rd quarter. Access Investment Management LLC now owns 160,625 shares of the business services provider’s stock worth $4,406,000 after purchasing an additional 20,155 shares during the last quarter. Assenagon Asset Management S.A. grew its stake in shares of Liquidity Services by 19.5% in the 3rd quarter. Assenagon Asset Management S.A. now owns 271,885 shares of the business services provider’s stock valued at $7,458,000 after buying an additional 44,443 shares in the last quarter. Rice Hall James & Associates LLC grew its stake in shares of Liquidity Services by 41.0% in the 3rd quarter. Rice Hall James & Associates LLC now owns 465,158 shares of the business services provider’s stock valued at $12,759,000 after buying an additional 135,204 shares in the last quarter. Squarepoint Ops LLC increased its holdings in Liquidity Services by 213.3% in the second quarter. Squarepoint Ops LLC now owns 126,976 shares of the business services provider’s stock worth $2,995,000 after buying an additional 86,447 shares during the last quarter. Finally, Hussman Strategic Advisors Inc. bought a new position in Liquidity Services during the second quarter valued at approximately $2,477,000. 71.15% of the stock is owned by institutional investors and hedge funds.
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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