Insider Selling: William Angrick III Sells 150,000 Shares of Liquidity Services Stock (LQDT)
Liquidity Services (NASDAQ:LQDT) CEO William Angrick III sold 150,000 shares of Liquidity Services stock on the open market in a transaction dated Thursday, September 12th. The shares were sold at an average price of $36.95, for a total value of $5,542,500.00. The transaction was disclosed in a document filed 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 assigned a buy rating to the company’s stock. The stock has an average rating of “Buy” and an average price target of $36.99.
Liquidity Services (NASDAQ:LQDT) traded down 0.47% during mid-day trading 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’s 50-day moving average is $30.6 and its 200-day moving average is $32.67. The company has a market cap of $1.143 billion and a price-to-earnings ratio of 32.60.
Liquidity Services (NASDAQ:LQDT) last announced its 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. Analysts expect that Liquidity Services will post $1.76 EPS 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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