Liquidity Services (NASDAQ:LQDT) EVP John Daunt Sells 715 Shares

Liquidity Services, Inc. (NASDAQ:LQDT) EVP John Daunt sold 715 shares of the company’s stock in a transaction that occurred on Monday, August 3rd. The shares were sold at an average price of $39.00, for a total value of $27,885.00. Following the completion of the sale, the executive vice president owned 38,086 shares in the company, valued at $1,485,354. This represents a 1.84% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website.

John Daunt also recently made the following trade(s):

• On Wednesday, July 1st, John Daunt sold 462 shares of Liquidity Services stock. The stock was sold at an average price of $39.13, for a total value of $18,078.06.
• On Friday, June 26th, John Daunt sold 39 shares of Liquidity Services stock. The shares were sold at an average price of $39.09, for a total value of $1,524.51.
• On Wednesday, June 24th, John Daunt sold 10,139 shares of Liquidity Services stock. The shares were sold at an average price of $39.24, for a total value of $397,854.36.

Liquidity Services Price Performance

LQDT stock opened at $37.54 on Thursday. Liquidity Services, Inc. has a one year low of $21.67 and a one year high of $41.28. The stock has a market cap of $1.17 billion, a price-to-earnings ratio of 40.37 and a beta of 1.10. The company has a fifty day moving average price of $38.15 and a two-hundred day moving average price of $34.37.

Liquidity Services (NASDAQ:LQDT) last posted its earnings results on Thursday, May 7th. The business services provider reported $0.35 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.30 by $0.05. The company had revenue of $120.73 million during the quarter, compared to analysts’ expectations of $52.86 million. Liquidity Services had a net margin of 6.30% and a return on equity of 18.49%. Research analysts anticipate that Liquidity Services, Inc. will post 1 EPS for the current fiscal year.

Hedge Funds Weigh In On Liquidity Services

Several hedge funds and other institutional investors have recently bought and sold shares of the company. Intech Investment Management LLC grew its stake in Liquidity Services by 344.8% during the fourth quarter. Intech Investment Management LLC now owns 57,560 shares of the business services provider’s stock worth $1,745,000 after purchasing an additional 44,618 shares during the period. Vanguard Group Inc. boosted its holdings in shares of Liquidity Services by 3.1% during the 4th quarter. Vanguard Group Inc. now owns 1,813,734 shares of the business services provider’s stock worth $54,974,000 after buying an additional 54,045 shares in the last quarter. Horizon Investments LLC acquired a new stake in shares of Liquidity Services during the 4th quarter worth approximately $598,000. Rice Hall James & Associates LLC increased its stake in shares of Liquidity Services by 26.0% in the 4th quarter. Rice Hall James & Associates LLC now owns 586,006 shares of the business services provider’s stock valued at $17,762,000 after acquiring an additional 120,848 shares in the last quarter. Finally, Willis Investment Counsel increased its stake in shares of Liquidity Services by 49.2% in the 4th quarter. Willis Investment Counsel now owns 124,869 shares of the business services provider’s stock valued at $3,785,000 after acquiring an additional 41,177 shares in the last quarter. Institutional investors and hedge funds own 71.15% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently issued reports on LQDT shares. Wall Street Zen upgraded Liquidity Services from a “buy” rating to a “strong-buy” rating in a report on Monday, July 20th. Barrington Research reissued an “outperform” rating and set a $44.00 price target on shares of Liquidity Services in a report on Thursday, May 21st. Weiss Ratings raised shares of Liquidity Services from a “hold (c+)” rating to a “buy (b-)” rating in a report on Wednesday, June 24th. Finally, Zacks Research upgraded Liquidity Services from a “strong sell” rating to a “hold” rating in a research report on Tuesday, July 28th. Two research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company. According to data from MarketBeat, Liquidity Services has a consensus rating of “Moderate Buy” and an average target price of $44.00.

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.