Liquidity Services, Inc. (NASDAQ:LQDT – Get Free Report) EVP John Daunt sold 462 shares of the business’s stock in a transaction that occurred on Wednesday, July 1st. The shares were sold at an average price of $39.13, for a total value of $18,078.06. Following the transaction, the executive vice president owned 38,086 shares of the company’s stock, valued at approximately $1,490,305.18. This trade represents a 1.20% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink.
John Daunt also recently made the following trade(s):
- 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 transaction of $1,524.51.
- On Wednesday, June 24th, John Daunt sold 10,139 shares of Liquidity Services stock. The shares were sold at an average price of $39.24, for a total value of $397,854.36.
- On Friday, April 24th, John Daunt sold 2,600 shares of Liquidity Services stock. The shares were sold at an average price of $35.06, for a total value of $91,156.00.
- On Tuesday, April 14th, John Daunt sold 2,600 shares of Liquidity Services stock. The shares were sold at an average price of $33.02, for a total transaction of $85,852.00.
Liquidity Services Stock Down 0.9%
Shares of LQDT stock opened at $38.03 on Wednesday. The company’s fifty day simple moving average is $36.54 and its two-hundred day simple moving average is $33.24. Liquidity Services, Inc. has a 52 week low of $21.67 and a 52 week high of $39.93. The stock has a market cap of $1.19 billion, a P/E ratio of 40.89 and a beta of 1.07.
Analyst Ratings Changes
A number of brokerages have recently commented on LQDT. Wall Street Zen raised shares of Liquidity Services from a “buy” rating to a “strong-buy” rating in a research report on Saturday. Barrington Research reissued an “outperform” rating and issued a $44.00 price objective on shares of Liquidity Services in a research note on Thursday, May 21st. Weiss Ratings upgraded Liquidity Services from a “hold (c+)” rating to a “buy (b-)” rating in a report on Wednesday, June 24th. Finally, Zacks Research lowered Liquidity Services from a “hold” rating to a “strong sell” rating in a research report on Monday, June 29th. Two equities research analysts have rated the stock with a Buy rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Hold” and an average price target of $44.00.
Read Our Latest Stock Report on LQDT
Institutional Inflows and Outflows
Several institutional investors and hedge funds have recently added to or reduced their stakes in the business. Tower Research Capital LLC TRC increased its holdings in shares of Liquidity Services by 451.0% during 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 acquiring an additional 2,210 shares in the last quarter. Wealth Enhancement Advisory Services LLC boosted its stake in Liquidity Services by 20.7% in the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 2,114 shares of the business services provider’s stock worth $71,000 after purchasing an additional 363 shares in the last quarter. Meeder Asset Management Inc. purchased a new stake in Liquidity Services during the 1st quarter worth approximately $97,000. Fifth Third Bancorp increased its stake in Liquidity Services by 4,505.7% during the 1st quarter. Fifth Third Bancorp now owns 3,224 shares of the business services provider’s stock valued at $99,000 after purchasing an additional 3,154 shares in the last quarter. Finally, Kemnay Advisory Services Inc. purchased a new position in shares of Liquidity Services in the fourth quarter worth $163,000. 71.15% of the stock is currently owned by hedge funds and other institutional investors.
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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