Steven Weiskircher Sells 582 Shares of Liquidity Services, Inc. (NASDAQ:LQDT) Stock

Liquidity Services, Inc. (NASDAQ:LQDT) SVP Steven Weiskircher sold 582 shares of the company’s stock in a transaction dated Monday, December 16th. The shares were sold at an average price of $33.31, for a total transaction of $19,386.42. Following the transaction, the senior vice president now owns 88,070 shares in the company, valued at $2,933,611.70. This represents a 0.66 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this link.

Liquidity Services Price Performance

NASDAQ:LQDT opened at $31.41 on Friday. The firm has a 50-day moving average of $24.97 and a 200-day moving average of $22.48. The company has a market cap of $965.57 million, a PE ratio of 49.86 and a beta of 1.42. Liquidity Services, Inc. has a one year low of $13.99 and a one year high of $36.00.

Institutional Investors Weigh In On Liquidity Services

A number of institutional investors have recently added to or reduced their stakes in LQDT. Access Investment Management LLC grew its position in Liquidity Services by 81.7% in the 2nd quarter. Access Investment Management LLC now owns 82,335 shares of the business services provider’s stock worth $1,645,000 after purchasing an additional 37,010 shares in the last quarter. Panagora Asset Management Inc. grew its position in Liquidity Services by 14.6% in the 2nd quarter. Panagora Asset Management Inc. now owns 122,404 shares of the business services provider’s stock worth $2,446,000 after purchasing an additional 15,592 shares in the last quarter. Victory Capital Management Inc. grew its position in Liquidity Services by 6.9% in the 2nd quarter. Victory Capital Management Inc. now owns 57,606 shares of the business services provider’s stock worth $1,151,000 after purchasing an additional 3,700 shares in the last quarter. Acadian Asset Management LLC grew its position in Liquidity Services by 15.7% in the 2nd quarter. Acadian Asset Management LLC now owns 503,600 shares of the business services provider’s stock worth $10,060,000 after purchasing an additional 68,407 shares in the last quarter. Finally, Ashton Thomas Private Wealth LLC bought a new stake in Liquidity Services in the 2nd quarter worth about $87,000. 71.15% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

LQDT has been the topic of several research reports. StockNews.com lowered shares of Liquidity Services from a “strong-buy” rating to a “buy” rating in a report on Friday, December 13th. 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 research report on Friday, December 13th. Finally, Barrington Research reissued an “outperform” rating and set a $27.00 target price on shares of Liquidity Services in a research report on Tuesday, December 10th.

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.