Liquidity Services, Inc. (NASDAQ:LQDT) EVP John Daunt Sells 4,546 Shares

Liquidity Services, Inc. (NASDAQ:LQDT) EVP John Daunt sold 4,546 shares of Liquidity Services stock in a transaction that occurred on Tuesday, December 17th. The shares were sold at an average price of $31.68, for a total transaction of $144,017.28. Following the sale, the executive vice president now directly owns 43,309 shares in the company, valued at $1,372,029.12. This trade represents a 9.50 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink.

Liquidity Services Stock Performance

Shares of NASDAQ LQDT opened at $31.09 on Thursday. The company’s 50 day moving average price is $24.78 and its 200-day moving average price is $22.41. Liquidity Services, Inc. has a 52-week low of $13.99 and a 52-week high of $36.00. The company has a market capitalization of $955.74 million, a P/E ratio of 49.35 and a beta of 1.42.

Analyst Ratings Changes

Several equities research analysts recently weighed in on LQDT shares. Barrington Research reissued an “outperform” rating and set a $27.00 price objective on shares of Liquidity Services in a report on Tuesday, December 10th. StockNews.com lowered shares of Liquidity Services from a “strong-buy” rating to a “buy” rating in a report on Friday, December 13th. Finally, Craig Hallum boosted their target price on shares of Liquidity Services from $28.00 to $37.00 and gave the stock a “buy” rating in a report on Friday, December 13th.

Institutional Trading of Liquidity Services

Large investors have recently bought and sold shares of the business. Royce & Associates LP acquired a new position in shares of Liquidity Services in the 3rd quarter valued at about $488,000. Allspring Global Investments Holdings LLC bought a new stake in shares of Liquidity Services in the 3rd quarter valued at $1,311,000. Intech Investment Management LLC acquired a new position in shares of Liquidity Services during the 3rd quarter valued at $518,000. Acadian Asset Management LLC boosted its stake in Liquidity Services by 15.7% during the second quarter. Acadian Asset Management LLC now owns 503,600 shares of the business services provider’s stock worth $10,060,000 after acquiring an additional 68,407 shares in the last quarter. Finally, BNP Paribas Financial Markets grew its holdings in Liquidity Services by 31.2% in the third quarter. BNP Paribas Financial Markets now owns 24,912 shares of the business services provider’s stock worth $568,000 after purchasing an additional 5,929 shares during the period. 71.15% of the stock is currently owned by institutional investors and hedge funds.

About Liquidity Services

Liquidity Services, Inc provides e-commerce marketplaces, self-directed auction listing tools, and value-added services in the United States and internationally. The company operates through four segments: GovDeals, Retail Supply Chain Group (RSCG), Capital Assets Group (CAG), and Machinio. Its marketplaces include liquidation.com that enable corporations to sell surplus and salvage consumer goods and retail capital assets; GovDeals marketplace, which provides self-directed service solutions in which sellers list their own assets that enables local and state government entities, and commercial businesses located in the United States and Canada to sell surplus and salvage assets; and AllSurplus, a centralized marketplace that connects global buyer base with assets from across the network of marketplaces in a single destination.