Liquidity Services, Inc. (NASDAQ:LQDT – Get Free Report) EVP John Daunt sold 10,139 shares of the stock in a transaction dated Wednesday, June 24th. The shares were sold at an average price of $39.24, for a total transaction of $397,854.36. Following the completion of the transaction, the executive vice president directly owned 38,086 shares of the company’s stock, valued at approximately $1,494,494.64. This trade represents a 21.02% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link.
John Daunt also recently made the following trade(s):
- On Friday, April 24th, John Daunt sold 2,600 shares of Liquidity Services stock. The stock was 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 value of $85,852.00.
Liquidity Services Stock Performance
Liquidity Services stock opened at $39.09 on Friday. The firm has a market capitalization of $1.22 billion, a price-to-earnings ratio of 42.03 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 $39.55. The stock’s fifty day moving average is $35.92 and its two-hundred day moving average is $32.88.
Analysts Set New Price Targets
Several research firms have recently commented on LQDT. 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. Weiss Ratings upgraded Liquidity Services from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Wednesday. Zacks Research cut Liquidity Services from a “strong-buy” rating to a “hold” rating in a report on Tuesday, April 7th. Finally, Barrington Research reissued an “outperform” rating and set a $44.00 price target on shares of Liquidity Services in a research report on Thursday, May 21st. Two research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $44.00.
View Our Latest Stock Analysis on LQDT
Institutional Investors Weigh In On Liquidity Services
Institutional investors have recently bought and sold shares of the stock. Wealth Enhancement Advisory Services LLC raised its stake in Liquidity Services by 20.7% during the fourth 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 period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its position in shares of Liquidity Services by 0.7% in the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 57,698 shares of the business services provider’s stock worth $1,749,000 after buying an additional 426 shares during the period. Franklin Resources Inc. boosted its holdings in Liquidity Services by 3.9% in the third quarter. Franklin Resources Inc. now owns 17,753 shares of the business services provider’s stock valued at $487,000 after acquiring an additional 660 shares during the last quarter. Universal Beteiligungs und Servicegesellschaft mbH boosted its holdings in Liquidity Services by 7.3% in the fourth quarter. Universal Beteiligungs und Servicegesellschaft mbH now owns 10,736 shares of the business services provider’s stock valued at $336,000 after acquiring an additional 734 shares during the last quarter. Finally, Diversified Trust Co grew its position in Liquidity Services by 9.0% during the first quarter. Diversified Trust Co now owns 8,955 shares of the business services provider’s stock valued at $274,000 after acquiring an additional 742 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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