Liquidity Services, Inc. (NASDAQ:LQDT – Get Free Report) Director Jaime Mateus-Tique sold 33,727 shares of the firm’s stock in a transaction dated Tuesday, June 16th. The shares were sold at an average price of $37.95, for a total transaction of $1,279,939.65. Following the completion of the transaction, the director directly owned 213,653 shares in the company, valued at approximately $8,108,131.35. This represents a 13.63% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link.
Jaime Mateus-Tique also recently made the following trade(s):
- On Monday, June 15th, Jaime Mateus-Tique sold 2,000 shares of Liquidity Services stock. The stock was sold at an average price of $37.95, for a total transaction of $75,900.00.
- On Monday, May 11th, Jaime Mateus-Tique sold 6,913 shares of Liquidity Services stock. The stock was sold at an average price of $34.52, for a total transaction of $238,636.76.
Liquidity Services Trading Down 2.5%
NASDAQ LQDT opened at $36.54 on Thursday. The firm’s 50 day simple moving average is $35.12 and its 200 day simple moving average is $32.48. The firm has a market capitalization of $1.14 billion, a price-to-earnings ratio of 39.29 and a beta of 1.09. Liquidity Services, Inc. has a 1 year low of $21.67 and a 1 year high of $38.83.
Institutional Inflows and Outflows
A number of large investors have recently modified their holdings of the company. Access Investment Management LLC grew its position in Liquidity Services by 24.6% during the 1st quarter. Access Investment Management LLC now owns 200,170 shares of the business services provider’s stock worth $6,119,000 after acquiring an additional 39,545 shares during the last quarter. Bank of America Corp DE raised its position in Liquidity Services by 16.3% in the first quarter. Bank of America Corp DE now owns 44,435 shares of the business services provider’s stock valued at $1,358,000 after purchasing an additional 6,235 shares during the last quarter. Quantinno Capital Management LP boosted its stake in shares of Liquidity Services by 31.8% during the first quarter. Quantinno Capital Management LP now owns 18,681 shares of the business services provider’s stock valued at $571,000 after purchasing an additional 4,503 shares in the last quarter. Lazard Asset Management LLC grew its holdings in shares of Liquidity Services by 12.5% during the first quarter. Lazard Asset Management LLC now owns 111,597 shares of the business services provider’s stock worth $3,412,000 after purchasing an additional 12,442 shares during the last quarter. Finally, Rice Hall James & Associates LLC grew its holdings in shares of Liquidity Services by 1.9% during the first quarter. Rice Hall James & Associates LLC now owns 597,243 shares of the business services provider’s stock worth $18,258,000 after purchasing an additional 11,237 shares during the last quarter. 71.15% of the stock is currently owned by institutional investors.
Analysts Set New Price Targets
Several research firms recently weighed in on LQDT. Weiss Ratings raised Liquidity Services from a “hold (c)” rating to a “hold (c+)” rating in a research note on Thursday, May 7th. Wall Street Zen downgraded Liquidity Services from a “strong-buy” rating to a “buy” rating in a research note on Saturday, June 6th. Zacks Research cut shares of Liquidity Services from a “strong-buy” rating to a “hold” rating in a report on Tuesday, April 7th. Finally, Barrington Research restated an “outperform” rating and issued a $44.00 price target on shares of Liquidity Services in a research note on Thursday, May 21st. One equities research analyst has rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of $44.00.
Get Our Latest Analysis 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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