Edward Kolodzieski Sells 2,000 Shares of Liquidity Services, Inc. (NASDAQ:LQDT) Stock

Liquidity Services, Inc. (NASDAQ:LQDT) Director Edward Kolodzieski sold 2,000 shares of Liquidity Services stock in a transaction on Tuesday, December 31st. The stock was sold at an average price of $32.90, for a total transaction of $65,800.00. Following the sale, the director now owns 15,229 shares in the company, valued at $501,034.10. This represents a 11.61 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website.

Edward Kolodzieski also recently made the following trade(s):

• On Monday, December 23rd, Edward Kolodzieski sold 2,000 shares of Liquidity Services stock. The shares were sold at an average price of $31.90, for a total transaction of $63,800.00.
• On Friday, December 20th, Edward Kolodzieski sold 26,000 shares of Liquidity Services stock. The shares were sold at an average price of $31.29, for a total value of $813,540.00.

Liquidity Services Stock Down 1.1 %

LQDT traded down $0.35 on Thursday, hitting $31.94. 190,526 shares of the company traded hands, compared to its average volume of 142,069. Liquidity Services, Inc. has a 12-month low of $13.99 and a 12-month high of $36.00. The company has a 50 day moving average of $26.69 and a 200-day moving average of $23.28. The stock has a market capitalization of $981.87 million, a PE ratio of 50.70 and a beta of 1.42.

Analysts Set New Price Targets

Several research firms have commented on LQDT. Craig Hallum lifted their price target on Liquidity Services from $28.00 to $37.00 and gave the stock a “buy” rating in a research report on Friday, December 13th. StockNews.com upgraded shares of Liquidity Services from a “buy” rating to a “strong-buy” rating in a research report on Saturday, December 21st. Finally, Barrington Research reissued an “outperform” rating and set a $27.00 price objective on shares of Liquidity Services in a research report on Tuesday, December 10th.

Institutional Investors Weigh In On Liquidity Services

Large investors have recently modified their holdings of the stock. Royce & Associates LP purchased a new position in Liquidity Services in the 3rd quarter valued at $488,000. Allspring Global Investments Holdings LLC acquired a new stake in shares of Liquidity Services in the 3rd quarter worth $1,311,000. Barclays PLC increased its stake in shares of Liquidity Services by 307.3% during the third quarter. Barclays PLC now owns 39,427 shares of the business services provider’s stock worth $899,000 after acquiring an additional 29,746 shares during the period. Intech Investment Management LLC purchased a new position in Liquidity Services during the third quarter worth about $518,000. Finally, State Street Corp raised its holdings in Liquidity Services by 1.7% during the third quarter. State Street Corp now owns 852,306 shares of the business services provider’s stock worth $19,433,000 after purchasing an additional 13,947 shares in the last quarter. Hedge funds and other 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.