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

Liquidity Services, Inc. (NASDAQ:LQDT) EVP John Daunt sold 4,546 shares of Liquidity Services stock in a transaction dated Tuesday, December 17th. The shares were sold at an average price of $31.68, for a total value 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. The trade was a 9.50 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website.

Liquidity Services Price Performance

Shares of LQDT opened at $31.41 on Friday. The business has a 50-day moving average of $24.97 and a 200-day moving average of $22.48. Liquidity Services, Inc. has a 1 year low of $13.99 and a 1 year high of $36.00. The company has a market capitalization of $965.57 million, a price-to-earnings ratio of 49.86 and a beta of 1.42.

Wall Street Analysts Forecast Growth

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

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in LQDT. GAMMA Investing LLC boosted its stake in shares of Liquidity Services by 29.9% in the 3rd quarter. GAMMA Investing LLC now owns 4,362 shares of the business services provider’s stock valued at $99,000 after purchasing an additional 1,005 shares during the last quarter. Franklin Resources Inc. lifted its holdings in Liquidity Services by 7.3% in the third quarter. Franklin Resources Inc. now owns 15,009 shares of the business services provider’s stock valued at $339,000 after buying an additional 1,019 shares during the period. nVerses Capital LLC bought a new stake in Liquidity Services during the third quarter valued at $48,000. Geode Capital Management LLC grew its holdings in Liquidity Services by 0.5% during the 3rd quarter. Geode Capital Management LLC now owns 515,584 shares of the business services provider’s stock worth $11,757,000 after acquiring an additional 2,392 shares during the period. Finally, Public Sector Pension Investment Board raised its position in shares of Liquidity Services by 5.2% in the 2nd quarter. Public Sector Pension Investment Board now owns 48,925 shares of the business services provider’s stock worth $978,000 after acquiring an additional 2,430 shares in the last quarter. Institutional investors own 71.15% of the company’s stock.

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.