Liquidity Services, Inc. (NASDAQ:LQDT – Get Free Report) EVP John Daunt sold 715 shares of the business’s stock in a transaction on Thursday, October 1st. The stock was sold at an average price of $42.75, for a total transaction of $30,566.25. Following the completion of the sale, the executive vice president owned 38,086 shares in the company, valued at $1,628,176.50. This represents a 1.84% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link.
John Daunt also recently made the following trade(s):
- On Tuesday, September 1st, John Daunt sold 715 shares of Liquidity Services stock. The shares were sold at an average price of $41.27, for a total transaction of $29,508.05.
- On Monday, August 3rd, John Daunt sold 715 shares of Liquidity Services stock. The shares were sold at an average price of $39.00, for a total value of $27,885.00.
Liquidity Services Trading Down 0.9%
NASDAQ:LQDT traded down $0.41 during midday trading on Friday, hitting $43.23. 373,370 shares of the company traded hands, compared to its average volume of 218,318. The firm has a market capitalization of $1.35 billion, a P/E ratio of 42.38 and a beta of 1.04. The firm’s fifty day moving average is $41.84 and its 200-day moving average is $37.53. Liquidity Services, Inc. has a 12-month low of $21.67 and a 12-month high of $45.00.
Institutional Trading of Liquidity Services
A number of large investors have recently made changes to their positions in LQDT. Intech Investment Management LLC boosted its position in Liquidity Services by 344.8% in the 4th quarter. Intech Investment Management LLC now owns 57,560 shares of the business services provider’s stock valued at $1,745,000 after buying an additional 44,618 shares during the period. Bank of New York Mellon Corp bought a new position in Liquidity Services in the 2nd quarter worth about $5,457,000. Man Group plc bought a new position in Liquidity Services in the 2nd quarter worth about $2,426,000. Deutsche Bank AG purchased a new position in shares of Liquidity Services during the second quarter worth approximately $939,000. Finally, Connor Clark & Lunn Investment Management Ltd. purchased a new position in shares of Liquidity Services during the second quarter worth approximately $5,127,000. 71.15% of the stock is owned by hedge funds and other institutional investors.
Wall Street Analysts Forecast Growth
A number of research firms recently weighed in on LQDT. Barrington Research set a $50.00 price objective on shares of Liquidity Services in a research report on Friday, August 7th. Zacks Research upgraded Liquidity Services from a “hold” rating to a “strong-buy” rating in a research report on Thursday, August 27th. Wall Street Zen raised Liquidity Services from a “buy” rating to a “strong-buy” rating in a research note on Sunday, August 16th. Finally, Weiss Ratings upgraded Liquidity Services from a “buy (b-)” rating to a “buy (b)” rating in a report on Tuesday, August 11th. One investment analyst has rated the stock with a Strong Buy rating and two have given a Buy rating to the company’s stock. Based on data from MarketBeat.com, Liquidity Services has an average rating of “Buy” and a consensus target price of $50.00.
Read Our Latest Report on LQDT
Liquidity Services Company Profile
Liquidity Services, Inc (NASDAQ: LQDT) operates online marketplaces and related services for managing and selling surplus, returned, and otherwise underutilized assets. The company helps businesses, government agencies, and other organizations recover value from excess inventory and equipment while supporting the reuse and redistribution of goods.
Its marketplace portfolio includes GovDeals, which serves public-sector sellers; Liquidation.com and AllSurplus, which facilitate the sale of surplus and returned merchandise; and Machinio, a search marketplace for used equipment.
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