Insider Selling: Liquidity Services, Inc. (NASDAQ:LQDT) EVP Sells $144,017.28 in Stock

Liquidity Services, Inc. (NASDAQ:LQDT) EVP John Daunt sold 4,546 shares of the company’s stock in a transaction on Tuesday, December 17th. The stock was sold at an average price of $31.68, for a total transaction of $144,017.28. Following the transaction, the executive vice president now owns 43,309 shares of the company’s stock, valued at $1,372,029.12. This trade represents a 9.50 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website.

Liquidity Services Stock Down 1.4 %

Shares of NASDAQ:LQDT opened at $30.96 on Friday. The firm has a market cap of $951.74 million, a P/E ratio of 49.14 and a beta of 1.42. Liquidity Services, Inc. has a 12-month low of $13.99 and a 12-month high of $36.00. The business has a fifty day simple moving average of $24.97 and a 200 day simple moving average of $22.48.

Analysts Set New Price Targets

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

Hedge Funds Weigh In On Liquidity Services

A number of hedge funds have recently made changes to their positions in the stock. Essex Investment Management Co. LLC bought a new stake in Liquidity Services in the third quarter valued at approximately $2,749,000. Pacer Advisors Inc. boosted its stake in shares of Liquidity Services by 9.5% in the 3rd quarter. Pacer Advisors Inc. now owns 881,234 shares of the business services provider’s stock valued at $20,092,000 after purchasing an additional 76,794 shares during the last quarter. Acadian Asset Management LLC increased its position in shares of Liquidity Services by 15.7% during the second quarter. Acadian Asset Management LLC now owns 503,600 shares of the business services provider’s stock worth $10,060,000 after buying an additional 68,407 shares during the period. Allspring Global Investments Holdings LLC bought a new position in Liquidity Services during the third quarter worth $1,311,000. Finally, Access Investment Management LLC lifted its holdings in Liquidity Services by 81.7% in the second quarter. Access Investment Management LLC now owns 82,335 shares of the business services provider’s stock valued at $1,645,000 after buying an additional 37,010 shares during the period. 71.15% of the stock is currently owned by institutional investors.

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.