Liquidity Services, Inc. (NASDAQ:LQDT – Get Free Report) EVP John Daunt sold 715 shares of Liquidity Services stock in a transaction on Tuesday, September 1st. The stock was sold at an average price of $41.27, for a total transaction of $29,508.05. Following the sale, the executive vice president owned 38,086 shares of the company’s stock, valued at $1,571,809.22. The trade was a 1.84% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website.
John Daunt also recently made the following trade(s):
- On Monday, August 3rd, John Daunt sold 715 shares of Liquidity Services stock. The shares were sold at an average price of $39.00, for a total transaction of $27,885.00.
- On Wednesday, July 1st, John Daunt sold 462 shares of Liquidity Services stock. The shares were 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 shares were 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 opened at $39.39 on Thursday. The stock has a 50-day moving average of $40.09 and a two-hundred day moving average of $35.82. Liquidity Services, Inc. has a one year low of $21.67 and a one year high of $44.09. The stock has a market cap of $1.23 billion, a P/E ratio of 38.62 and a beta of 1.07.
Analysts Set New Price Targets
Several equities analysts recently weighed in on LQDT shares. Zacks Research upgraded shares of Liquidity Services from a “hold” rating to a “strong-buy” rating in a report on Thursday, August 27th. Weiss Ratings upgraded shares of Liquidity Services from a “buy (b-)” rating to a “buy (b)” rating in a research note on Tuesday, August 11th. Wall Street Zen raised shares of Liquidity Services from a “buy” rating to a “strong-buy” rating in a report on Sunday, August 16th. Finally, Barrington Research set a $50.00 price objective on shares of Liquidity Services in a research note on Friday, August 7th. One research analyst has rated the stock with a Strong Buy rating and two have assigned a Buy rating to the stock. According to data from MarketBeat, Liquidity Services currently has a consensus rating of “Buy” and an average price target of $50.00.
Read Our Latest Stock Analysis on LQDT
Institutional Trading of Liquidity Services
Several hedge funds and other institutional investors have recently bought and sold shares of the stock. BlackRock Inc. purchased a new position in Liquidity Services during the second quarter valued at approximately $140,508,000. Vanguard Group Inc. boosted its position in Liquidity Services by 3.1% in the 4th quarter. Vanguard Group Inc. now owns 1,813,734 shares of the business services provider’s stock worth $54,974,000 after purchasing an additional 54,045 shares in the last quarter. Ameriprise Financial Inc. grew its stake in shares of Liquidity Services by 55.1% during the 2nd quarter. Ameriprise Financial Inc. now owns 1,281,332 shares of the business services provider’s stock worth $30,227,000 after purchasing an additional 454,988 shares during the period. California State Teachers Retirement System grew its stake in shares of Liquidity Services by 4,157.6% during the 2nd quarter. California State Teachers Retirement System now owns 983,516 shares of the business services provider’s stock worth $38,475,000 after purchasing an additional 960,416 shares during the period. Finally, Punch & Associates Investment Management Inc. purchased a new position in shares of Liquidity Services during the 2nd quarter valued at approximately $37,349,000. 71.15% of the stock is owned by institutional investors and hedge funds.
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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