Insider Selling: Liquidity Services VP Unloads 4,290 Shares of Stock (LQDT)
Liquidity Services (NASDAQ:LQDT) VP James Edwin Williams sold 4,290 shares of the company’s stock on the open market in a transaction that occurred on Wednesday, September 11th. The stock was sold at an average price of $35.91, for a total value of $154,053.90. Following the sale, the vice president now directly owns 700 shares of the company’s stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.
A number of analysts have recently weighed in on LQDT shares. Analysts at Merrill Lynch raised their price target on shares of Liquidity Services (NASDAQ:LQDT) from $28.50 to $45.00 in a research note to investors on Wednesday. They now have a “buy” rating on the stock. Separately, analysts at Bank of America Corp. upgraded shares of Liquidity Services (NASDAQ:LQDT) from a “neutral” rating to a “buy” rating in a research note to investors on Wednesday. They now have a $45.00 price target on the stock, up previously from $28.50. Finally, analysts at Roth Capital raised their price target on shares of Liquidity Services (NASDAQ:LQDT) from $36.00 to $37.00 in a research note to investors on Tuesday. They now have a “buy” rating on the stock.
One investment analyst has rated the stock with a sell rating, one has given a hold rating and six have issued a buy rating to the stock. The stock has an average rating of “Buy” and a consensus price target of $36.99.
Shares of Liquidity Services (NASDAQ:LQDT) traded down 0.47% on Friday, hitting $36.02. The stock had a trading volume of 331,443 shares. Liquidity Services has a 52 week low of $27.26 and a 52 week high of $57.42. The stock has a 50-day moving average of $30.6 and a 200-day moving average of $32.67. The company has a market cap of $1.143 billion and a P/E ratio of 32.60.
Liquidity Services (NASDAQ:LQDT) last posted its quarterly earnings results on Tuesday, August 6th. The company reported $0.00 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.51 by $0.51. On average, analysts predict that Liquidity Services will post $1.76 earnings per share for the current fiscal year.
Liquidity Services, Inc is an auction marketplace for surplus and salvage assets. The Company enables buyers and sellers to transact in an automated online auction environment offering over 500 product categories.
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