Liquidity Services, Inc. (NASDAQ:LQDT – Get Free Report) Director Jaime Mateus-Tique sold 9,791 shares of Liquidity Services stock in a transaction dated Thursday, June 18th. The shares were sold at an average price of $37.95, for a total transaction of $371,568.45. Following the completion of the sale, the director owned 203,862 shares in the company, valued at approximately $7,736,562.90. This trade represents a 4.58% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website.
Jaime Mateus-Tique also recently made the following trade(s):
- On Tuesday, June 16th, Jaime Mateus-Tique sold 33,727 shares of Liquidity Services stock. The shares were sold at an average price of $37.95, for a total value of $1,279,939.65.
- 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 shares were sold at an average price of $34.52, for a total transaction of $238,636.76.
Liquidity Services Price Performance
LQDT opened at $38.44 on Wednesday. The company’s 50 day simple moving average is $35.59 and its two-hundred day simple moving average is $32.71. The firm has a market capitalization of $1.20 billion, a price-to-earnings ratio of 41.33 and a beta of 1.09. Liquidity Services, Inc. has a 1-year low of $21.67 and a 1-year high of $38.83.
Wall Street Analysts Forecast Growth
LQDT has been the subject of several analyst reports. Weiss Ratings raised shares of Liquidity Services from a “hold (c)” rating to a “hold (c+)” rating in a research note on Thursday, May 7th. Barrington Research reissued an “outperform” rating and set a $44.00 target price on shares of Liquidity Services in a research note on Thursday, May 21st. Zacks Research downgraded Liquidity Services from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, April 7th. Finally, Wall Street Zen lowered Liquidity Services from a “strong-buy” rating to a “buy” rating in a research note on Saturday, June 6th. One research analyst has rated the stock with a Buy rating and two have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of $44.00.
Get Our Latest Analysis on Liquidity Services
Institutional Inflows and Outflows
Hedge funds and other institutional investors have recently modified their holdings of the company. Pacer Advisors Inc. acquired a new stake in shares of Liquidity Services in the first quarter valued at $265,000. Access Investment Management LLC boosted its holdings in Liquidity Services by 24.6% during the 1st quarter. Access Investment Management LLC now owns 200,170 shares of the business services provider’s stock valued at $6,119,000 after acquiring an additional 39,545 shares during the period. Bank of America Corp DE boosted its holdings in Liquidity Services by 16.3% during the 1st quarter. Bank of America Corp DE now owns 44,435 shares of the business services provider’s stock valued at $1,358,000 after acquiring an additional 6,235 shares during the period. Quantinno Capital Management LP grew its position in Liquidity Services by 31.8% in the 1st quarter. Quantinno Capital Management LP now owns 18,681 shares of the business services provider’s stock valued at $571,000 after acquiring an additional 4,503 shares in the last quarter. Finally, Lazard Asset Management LLC increased its stake in Liquidity Services by 12.5% during the first quarter. Lazard Asset Management LLC now owns 111,597 shares of the business services provider’s stock worth $3,412,000 after purchasing an additional 12,442 shares during the period. 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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