Liquidity Services, Inc. (NASDAQ:LQDT – Get Free Report) Director Jaime Mateus-Tique sold 33,727 shares of the firm’s stock in a transaction that occurred on Tuesday, June 16th. The shares were sold at an average price of $37.95, for a total transaction 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 ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink.
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 transaction 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 Price Performance
NASDAQ:LQDT traded down $0.93 during trading hours on Wednesday, hitting $36.54. The stock had a trading volume of 197,351 shares, compared to its average volume of 162,537. The company has a 50 day simple moving average of $35.02 and a two-hundred day simple moving average of $32.43. Liquidity Services, Inc. has a one year low of $21.67 and a one year high of $38.83. The firm has a market capitalization of $1.14 billion, a price-to-earnings ratio of 39.29 and a beta of 1.09.
Analyst Ratings Changes
A number of analysts have recently issued reports on the company. Zacks Research downgraded Liquidity Services from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, April 7th. Weiss Ratings upgraded shares of Liquidity Services from a “hold (c)” rating to a “hold (c+)” rating in a research report on Thursday, May 7th. Wall Street Zen lowered shares of Liquidity Services from a “strong-buy” rating to a “buy” rating in a research report on Saturday, June 6th. Finally, Barrington Research reissued an “outperform” rating and issued a $44.00 price target on shares of Liquidity Services in a research note on Thursday, May 21st. One analyst has rated the stock with a Buy rating and two have assigned a Hold rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Hold” and an average price target of $44.00.
View Our Latest Analysis on Liquidity Services
Institutional Investors Weigh In On Liquidity Services
Several hedge funds have recently added to or reduced their stakes in the company. AQR Capital Management LLC boosted its holdings in shares of Liquidity Services by 112.4% in the 1st quarter. AQR Capital Management LLC now owns 75,620 shares of the business services provider’s stock worth $2,345,000 after purchasing an additional 40,021 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its holdings in shares of 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 valued at $864,000 after buying an additional 4,344 shares in the last quarter. Caxton Associates LLP purchased a new position in shares of Liquidity Services during the 1st quarter valued at about $254,000. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its position 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 buying an additional 6,488 shares during the last quarter. Finally, Jane Street Group LLC lifted its position in Liquidity Services by 42.5% in the 1st quarter. Jane Street Group LLC now owns 49,221 shares of the business services provider’s stock worth $1,526,000 after buying an additional 14,684 shares during the last quarter. 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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