Liquidity Services, Inc. (NASDAQ:LQDT – Get Free Report) EVP John Daunt sold 715 shares of the stock in a transaction dated Monday, August 3rd. The stock was sold at an average price of $39.00, for a total value of $27,885.00. Following the sale, the executive vice president owned 38,086 shares of the company’s stock, valued at approximately $1,485,354. The trade was a 1.84% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink.
John Daunt also recently made the following trade(s):
- On Wednesday, July 1st, John Daunt sold 462 shares of Liquidity Services stock. The stock was sold at an average price of $39.13, for a total value of $18,078.06.
- On Friday, June 26th, John Daunt sold 39 shares of Liquidity Services stock. The stock was sold at an average price of $39.09, for a total value of $1,524.51.
- On Wednesday, June 24th, John Daunt sold 10,139 shares of Liquidity Services stock. The stock was sold at an average price of $39.24, for a total value of $397,854.36.
Liquidity Services Stock Performance
Shares of LQDT stock traded down $0.70 during trading hours on Wednesday, hitting $37.54. 184,781 shares of the company were exchanged, compared to its average volume of 175,562. The firm has a market cap of $1.17 billion, a P/E ratio of 40.37 and a beta of 1.10. Liquidity Services, Inc. has a fifty-two week low of $21.67 and a fifty-two week high of $41.28. The company has a 50 day simple moving average of $38.12 and a two-hundred day simple moving average of $34.33.
Institutional Inflows and Outflows
Several hedge funds have recently modified their holdings of LQDT. Wealth Enhancement Advisory Services LLC boosted its holdings in Liquidity Services by 20.7% during the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 2,114 shares of the business services provider’s stock worth $71,000 after acquiring an additional 363 shares during the last quarter. Tower Research Capital LLC TRC raised its holdings in shares of Liquidity Services by 451.0% in the second quarter. Tower Research Capital LLC TRC now owns 2,700 shares of the business services provider’s stock valued at $64,000 after purchasing an additional 2,210 shares during the last quarter. Meeder Asset Management Inc. bought a new position in shares of Liquidity Services during the first quarter valued at about $97,000. Fifth Third Bancorp boosted its holdings in Liquidity Services by 4,505.7% during the first quarter. Fifth Third Bancorp now owns 3,224 shares of the business services provider’s stock worth $99,000 after purchasing an additional 3,154 shares during the last quarter. Finally, Kemnay Advisory Services Inc. bought a new stake in Liquidity Services in the 4th quarter worth about $163,000. Hedge funds and other institutional investors own 71.15% of the company’s stock.
Wall Street Analysts Forecast Growth
Several analysts have recently commented on LQDT shares. Wall Street Zen upgraded Liquidity Services from a “buy” rating to a “strong-buy” rating in a research note on Monday, July 20th. Weiss Ratings upgraded Liquidity Services from a “hold (c+)” rating to a “buy (b-)” rating in a report on Wednesday, June 24th. Barrington Research reiterated an “outperform” rating and issued a $44.00 target price on shares of Liquidity Services in a report on Thursday, May 21st. Finally, Zacks Research raised shares of Liquidity Services from a “strong sell” rating to a “hold” rating in a research report on Tuesday, July 28th. Two investment analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the stock. Based on data from MarketBeat, Liquidity Services has an average rating of “Moderate Buy” and a consensus target price of $44.00.
Get Our Latest Stock Analysis on LQDT
Liquidity Services Company Profile
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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