Jaime Mateus-Tique Sells 50,000 Shares of Liquidity Services, Inc. (NASDAQ:LQDT) Stock

Liquidity Services, Inc. (NASDAQ:LQDT) Director Jaime Mateus-Tique sold 50,000 shares of the stock in a transaction that occurred on Monday, December 16th. The shares were sold at an average price of $33.22, for a total value of $1,661,000.00. Following the completion of the sale, the director now directly owns 103,660 shares of the company’s stock, valued at $3,443,585.20. The trade was a 32.54 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink.

Liquidity Services Stock Performance

Shares of Liquidity Services stock opened at $31.41 on Friday. Liquidity Services, Inc. has a one year low of $13.99 and a one year high of $36.00. The company has a market cap of $965.57 million, a P/E ratio of 49.86 and a beta of 1.42. The firm has a fifty day moving average of $24.97 and a two-hundred day moving average of $22.48.

Institutional Investors Weigh In On Liquidity Services

Institutional investors have recently added to or reduced their stakes in the business. nVerses Capital LLC purchased a new position in shares of Liquidity Services during the 3rd quarter worth approximately $48,000. GAMMA Investing LLC grew its holdings in Liquidity Services by 29.9% during the third quarter. GAMMA Investing LLC now owns 4,362 shares of the business services provider’s stock worth $99,000 after acquiring an additional 1,005 shares during the period. Ashton Thomas Private Wealth LLC purchased a new position in Liquidity Services in the second quarter worth $87,000. Centiva Capital LP acquired a new stake in Liquidity Services in the third quarter valued at $260,000. Finally, SG Americas Securities LLC purchased a new stake in shares of Liquidity Services during the 3rd quarter worth $298,000. Hedge funds and other institutional investors own 71.15% of the company’s stock.

Wall Street Analysts Forecast Growth

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

Liquidity Services Company Profile

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.