Liquidity Services, Inc. (NASDAQ:LQDT – Get Free Report) EVP John Daunt sold 715 shares of the company’s stock in a transaction on Tuesday, September 1st. The shares were sold at an average price of $41.27, for a total value of $29,508.05. Following the completion of the sale, the executive vice president directly owned 38,086 shares in the company, valued at $1,571,809.22. This trade represents a 1.84% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink.
John Daunt also recently made the following trade(s):
- On Monday, August 3rd, John Daunt sold 715 shares of Liquidity Services stock. The shares were sold at an average price of $39.00, for a total value of $27,885.00.
- 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 stock was sold at an average price of $39.09, for a total transaction 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 transaction of $397,854.36.
Liquidity Services Trading Up 4.0%
NASDAQ:LQDT opened at $42.10 on Friday. The firm has a 50-day moving average price of $40.20 and a two-hundred day moving average price of $35.93. Liquidity Services, Inc. has a twelve month low of $21.67 and a twelve month high of $44.09. The company has a market capitalization of $1.32 billion, a P/E ratio of 41.27 and a beta of 1.07.
Hedge Funds Weigh In On Liquidity Services
Institutional investors and hedge funds have recently modified their holdings of the company. Persistent Asset Partners Ltd purchased a new stake in Liquidity Services in the 2nd quarter worth approximately $35,000. Quantbot Technologies LP acquired a new position in Liquidity Services in the 2nd quarter valued at $53,000. Tower Research Capital LLC TRC lifted its stake in shares of Liquidity Services by 451.0% during the 2nd quarter. Tower Research Capital LLC TRC now owns 2,700 shares of the business services provider’s stock worth $64,000 after purchasing an additional 2,210 shares during the period. Meeder Asset Management Inc. purchased a new position in shares of Liquidity Services during the 1st quarter worth $97,000. Finally, Fifth Third Bancorp boosted its holdings in shares of Liquidity Services by 4,505.7% during the first quarter. Fifth Third Bancorp now owns 3,224 shares of the business services provider’s stock worth $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.
Wall Street Analyst Weigh In
A number of brokerages have commented on LQDT. Barrington Research set a $50.00 target price on Liquidity Services in a report on Friday, August 7th. Weiss Ratings raised Liquidity Services from a “buy (b-)” rating to a “buy (b)” rating in a report on Tuesday, August 11th. Zacks Research upgraded Liquidity Services from a “hold” rating to a “strong-buy” rating in a research report on Thursday, August 27th. Finally, Wall Street Zen raised Liquidity Services from a “buy” rating to a “strong-buy” rating in a research note on Sunday, August 16th. One research analyst has rated the stock with a Strong Buy rating and two have given a Buy rating to the company. According to data from MarketBeat, the company currently has an average rating of “Buy” and an average price target of $50.00.
Check Out Our Latest Report 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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