Liquidity Services, Inc. (NASDAQ:LQDT – Get Free Report) CFO Jorge Celaya sold 11,303 shares of the stock in a transaction dated Tuesday, May 26th. The stock was sold at an average price of $35.24, for a total value of $398,317.72. Following the transaction, the chief financial officer owned 50,965 shares in the company, valued at $1,796,006.60. This trade represents a 18.15% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website.
Jorge Celaya also recently made the following trade(s):
- On Thursday, May 28th, Jorge Celaya sold 6,098 shares of Liquidity Services stock. The stock was sold at an average price of $36.40, for a total value of $221,967.20.
- On Wednesday, May 27th, Jorge Celaya sold 5,320 shares of Liquidity Services stock. The stock was sold at an average price of $36.06, for a total value of $191,839.20.
Liquidity Services Price Performance
Shares of NASDAQ:LQDT opened at $36.21 on Friday. The firm has a market capitalization of $1.13 billion, a PE ratio of 38.94 and a beta of 1.10. The business has a 50-day moving average of $33.28 and a two-hundred day moving average of $31.37. Liquidity Services, Inc. has a 12 month low of $21.67 and a 12 month high of $38.83.
Wall Street Analyst Weigh In
LQDT has been the subject of several research analyst reports. Zacks Research lowered Liquidity Services from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, April 7th. Barrington Research restated an “outperform” rating and set a $44.00 price target on shares of Liquidity Services in a research note on Thursday, May 21st. Wall Street Zen upgraded Liquidity Services from a “buy” rating to a “strong-buy” rating in a research note on Saturday, May 23rd. Finally, Weiss Ratings upgraded Liquidity Services from a “hold (c)” rating to a “hold (c+)” rating in a research note on Thursday, May 7th. One research analyst has rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. According to MarketBeat, Liquidity Services currently has a consensus rating of “Hold” and an average target price of $44.00.
Get Our Latest Report on Liquidity Services
Institutional Inflows and Outflows
A number of institutional investors and hedge funds have recently bought and sold shares of LQDT. Mirae Asset Global Investments Co. Ltd. purchased a new position in Liquidity Services in the third quarter valued at about $30,000. Wealth Enhancement Advisory Services LLC purchased a new position in Liquidity Services in the third quarter valued at about $44,000. Tower Research Capital LLC TRC boosted its holdings in Liquidity Services by 451.0% in the second quarter. Tower Research Capital LLC TRC now owns 2,700 shares of the business services provider’s stock valued at $64,000 after purchasing an additional 2,210 shares during the last quarter. Meeder Asset Management Inc. purchased a new position in Liquidity Services in the first quarter valued at about $97,000. Finally, Fifth Third Bancorp boosted its holdings in Liquidity Services by 4,505.7% in the first quarter. Fifth Third Bancorp now owns 3,224 shares of the business services provider’s stock valued at $99,000 after purchasing an additional 3,154 shares during the last quarter. Hedge funds and other institutional investors own 71.15% of the company’s stock.
Key Liquidity Services News
Here are the key news stories impacting Liquidity Services this week:
- Positive Sentiment: Liquidity Services’ most recent quarterly results were solid, with revenue and earnings both beating expectations. Management also reiterated guidance, which supports confidence in the company’s operating momentum and outlook. Article Title
- Positive Sentiment: The company announced plans for senior executives, including the CEO and CFO, to participate in upcoming investor conferences, which can help keep attention on Liquidity Services’ growth strategy and marketplace platform. Article Title
- Neutral Sentiment: Ottawa Fleet Services’ $14 million milestone on GovDeals highlights continued activity on Liquidity Services’ government surplus auction platform, but this is more of a business update than a direct catalyst for LQDT shares. Article Title
- Negative Sentiment: Multiple recent insider sales, including several transactions by CFO Jorge Celaya and other executives, may pressure sentiment because investors often view repeated selling as profit-taking after the stock’s recent run-up. Article Title
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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