Liquidity Services, Inc. (NASDAQ:LQDT – Get Free Report) Director Jaime Mateus-Tique sold 33,727 shares of the company’s stock in a transaction on Tuesday, June 16th. The shares were sold at an average price of $37.95, for a total value of $1,279,939.65. Following the completion of the transaction, the director owned 213,653 shares of the company’s stock, valued at $8,108,131.35. This trade represents a 13.63% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website.
Jaime Mateus-Tique also recently made the following trade(s):
- On Monday, June 15th, Jaime Mateus-Tique sold 2,000 shares of Liquidity Services stock. The stock was sold at an average price of $37.95, for a total value of $75,900.00.
- On Monday, May 11th, Jaime Mateus-Tique sold 6,913 shares of Liquidity Services stock. The stock was sold at an average price of $34.52, for a total transaction of $238,636.76.
Liquidity Services Stock Down 2.5%
LQDT traded down $0.93 during trading on Wednesday, hitting $36.54. 197,351 shares of the company traded hands, compared to its average volume of 162,537. Liquidity Services, Inc. has a one year low of $21.67 and a one year high of $38.83. The stock’s fifty day moving average is $35.02 and its 200 day moving average is $32.43. The firm has a market cap of $1.14 billion, a P/E ratio of 39.29 and a beta of 1.09.
Analyst Ratings Changes
Several brokerages have issued reports on LQDT. Barrington Research restated an “outperform” rating and issued a $44.00 target price on shares of Liquidity Services in a research note on Thursday, May 21st. Weiss Ratings raised Liquidity Services from a “hold (c)” rating to a “hold (c+)” rating in a report on Thursday, May 7th. Wall Street Zen cut Liquidity Services from a “strong-buy” rating to a “buy” rating in a research note on Saturday, June 6th. Finally, Zacks Research downgraded shares of Liquidity Services from a “strong-buy” rating to a “hold” rating in a report on Tuesday, April 7th. One equities research analyst has rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. According to MarketBeat.com, Liquidity Services presently has a consensus rating of “Hold” and an average target price of $44.00.
View Our Latest Stock Report on LQDT
Institutional Investors Weigh In On Liquidity Services
Several institutional investors have recently made changes to their positions in the stock. AQR Capital Management LLC grew its position in shares of Liquidity Services by 112.4% in the first quarter. AQR Capital Management LLC now owns 75,620 shares of the business services provider’s stock valued at $2,345,000 after purchasing an additional 40,021 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its holdings in Liquidity Services by 18.5% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 27,854 shares of the business services provider’s stock worth $864,000 after purchasing an additional 4,344 shares in the last quarter. Caxton Associates LLP bought a new position in Liquidity Services in the 1st quarter worth about $254,000. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its stake in Liquidity Services by 9.1% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 77,999 shares of the business services provider’s stock worth $2,419,000 after purchasing an additional 6,488 shares during the period. Finally, Jane Street Group LLC grew its holdings in Liquidity Services by 42.5% during the 1st quarter. Jane Street Group LLC now owns 49,221 shares of the business services provider’s stock valued at $1,526,000 after buying an additional 14,684 shares in the last quarter. Hedge funds and other institutional investors own 71.15% of the company’s stock.
About Liquidity Services
Liquidity Services, Inc is a technology-driven provider of online marketplaces for surplus and remarketed assets. Through its wholly owned platforms—such as Liquidation.com, GovDeals, Machinio and GoIndustry DoveBid—the company connects sellers of industrial equipment, commercial inventory, government surplus and transportation assets with a broad base of registered buyers. Its solutions blend auction formats, fixed-price listings and managed-service offerings to support efficient asset disposition across a wide range of industries.
The company’s core services include asset valuation, marketing, inspection and logistics coordination.
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