Renaissance Technologies LLC Sells 64,300 Shares of Liquidity Services, Inc. $LQDT

Renaissance Technologies LLC lessened its holdings in shares of Liquidity Services, Inc. (NASDAQ:LQDTFree Report) by 4.1% during the first quarter, HoldingsChannel.com reports. The firm owned 1,501,667 shares of the business services provider’s stock after selling 64,300 shares during the quarter. Renaissance Technologies LLC’s holdings in Liquidity Services were worth $45,906,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds also recently made changes to their positions in LQDT. Vanguard Group Inc. grew its stake in Liquidity Services by 3.1% during the fourth quarter. Vanguard Group Inc. now owns 1,813,734 shares of the business services provider’s stock worth $54,974,000 after buying an additional 54,045 shares in the last quarter. Ameriprise Financial Inc. lifted its holdings in shares of Liquidity Services by 55.1% during the 2nd quarter. Ameriprise Financial Inc. now owns 1,281,332 shares of the business services provider’s stock worth $30,227,000 after acquiring an additional 454,988 shares during the period. Punch & Associates Investment Management Inc. lifted its holdings in shares of Liquidity Services by 38.9% during the 3rd quarter. Punch & Associates Investment Management Inc. now owns 909,743 shares of the business services provider’s stock worth $24,954,000 after acquiring an additional 254,875 shares during the period. Wellington Management Group LLP boosted its position in shares of Liquidity Services by 18.3% during the 3rd quarter. Wellington Management Group LLP now owns 884,001 shares of the business services provider’s stock worth $24,248,000 after acquiring an additional 136,626 shares in the last quarter. Finally, State Street Corp boosted its position in shares of Liquidity Services by 0.9% during the 4th quarter. State Street Corp now owns 866,467 shares of the business services provider’s stock worth $26,263,000 after acquiring an additional 7,919 shares in the last quarter. 71.15% of the stock is owned by institutional investors.

Liquidity Services Stock Performance

Liquidity Services stock opened at $38.96 on Tuesday. The firm has a market cap of $1.21 billion, a price-to-earnings ratio of 41.89 and a beta of 1.07. Liquidity Services, Inc. has a 52-week low of $21.67 and a 52-week high of $41.28. The firm has a 50 day moving average price of $37.62 and a two-hundred day moving average price of $34.02.

Liquidity Services (NASDAQ:LQDTGet Free Report) last announced its earnings results on Thursday, May 7th. The business services provider reported $0.35 EPS for the quarter, beating the consensus estimate of $0.30 by $0.05. The company had revenue of $120.73 million for the quarter, compared to analyst estimates of $52.86 million. Liquidity Services had a return on equity of 18.49% and a net margin of 6.30%.Liquidity Services has set its Q3 2026 guidance at 0.300-0.390 EPS. As a group, equities research analysts predict that Liquidity Services, Inc. will post 1 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of equities research analysts have weighed in on LQDT shares. Wall Street Zen raised Liquidity Services from a “buy” rating to a “strong-buy” rating in a report on Monday, July 20th. Zacks Research downgraded Liquidity Services from a “hold” rating to a “strong sell” rating in a research report on Monday, June 29th. Weiss Ratings raised Liquidity Services from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Wednesday, June 24th. Finally, Barrington Research reaffirmed an “outperform” rating and issued a $44.00 price objective on shares of Liquidity Services in a research note on Thursday, May 21st. Two investment analysts have rated the stock with a Buy rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of $44.00.

Get Our Latest Stock Analysis on Liquidity Services

Insider Activity

In other Liquidity Services news, CFO Jorge Celaya sold 3,842 shares of the business’s stock in a transaction that occurred on Thursday, June 4th. The stock was sold at an average price of $37.26, for a total transaction of $143,152.92. Following the completion of the sale, the chief financial officer directly owned 66,895 shares of the company’s stock, valued at approximately $2,492,507.70. The trade was a 5.43% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, EVP John Daunt sold 10,139 shares of Liquidity Services stock in a transaction that occurred on Wednesday, June 24th. The shares were sold at an average price of $39.24, for a total value of $397,854.36. Following the transaction, the executive vice president directly owned 38,086 shares in the company, valued at approximately $1,494,494.64. The trade was a 21.02% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 209,222 shares of company stock worth $7,598,543 over the last quarter. 28.06% of the stock is currently owned by corporate insiders.

Liquidity Services Company Profile

(Free Report)

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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Want to see what other hedge funds are holding LQDT? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Liquidity Services, Inc. (NASDAQ:LQDTFree Report).

Institutional Ownership by Quarter for Liquidity Services (NASDAQ:LQDT)

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