Liquidity Services, Inc. (NASDAQ:LQDT – Get Free Report) Director Jaime Mateus-Tique sold 33,727 shares of the stock in a transaction that occurred on Tuesday, June 16th. The shares were sold at an average price of $37.95, for a total value of $1,279,939.65. Following the transaction, the director owned 213,653 shares in the company, valued at $8,108,131.35. This trade represents a 13.63% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible 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 Stock Performance
NASDAQ:LQDT opened at $37.89 on Friday. The stock has a market capitalization of $1.18 billion, a PE ratio of 40.74 and a beta of 1.09. Liquidity Services, Inc. has a fifty-two week low of $21.67 and a fifty-two week high of $38.83. The company has a fifty day moving average of $35.25 and a two-hundred day moving average of $32.54.
Analyst Upgrades and Downgrades
LQDT has been the subject of several research reports. Weiss Ratings upgraded Liquidity Services from a “hold (c)” rating to a “hold (c+)” rating in a research note on Thursday, May 7th. Wall Street Zen lowered Liquidity Services from a “strong-buy” rating to a “buy” rating in a research note on Saturday, June 6th. Zacks Research cut Liquidity Services from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, April 7th. Finally, 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. One research analyst has rated the stock with a Buy rating and two have issued a Hold rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $44.00.
Read Our Latest Stock Analysis on Liquidity Services
Institutional Inflows and Outflows
Institutional investors have recently bought and sold shares of the business. Wealth Enhancement Advisory Services LLC boosted its holdings in shares of Liquidity Services by 20.7% during 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 during the last quarter. Tower Research Capital LLC TRC increased its holdings in shares of Liquidity Services by 451.0% in 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 purchasing an additional 2,210 shares during the last quarter. Meeder Asset Management Inc. purchased a new position in Liquidity Services during the first quarter worth approximately $97,000. Fifth Third Bancorp lifted its position in Liquidity Services by 4,505.7% during the first quarter. Fifth Third Bancorp now owns 3,224 shares of the business services provider’s stock worth $99,000 after buying an additional 3,154 shares in the last quarter. Finally, Kemnay Advisory Services Inc. acquired a new position in Liquidity Services during the fourth quarter worth $163,000. 71.15% of the stock is owned by hedge funds and other institutional investors.
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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