James Rallo Sells 8,541 Shares of Liquidity Services Stock (LQDT)
Liquidity Services (NASDAQ:LQDT) CFO James Rallo unloaded 8,541 shares of Liquidity Services stock on the open market in a transaction that occurred on Wednesday, September 11th. The stock was sold at an average price of $35.77, for a total value of $305,511.57. Following the completion of the sale, the chief financial officer now directly owns 1,320 shares of the company’s stock. The transaction was disclosed in a filing with the SEC, 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 research analyst has rated the stock with a sell rating, one has assigned a hold rating and six have assigned a buy rating to the company’s stock. The company currently has an average rating of “Buy” and an average target price 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 one year low of $27.26 and a one year 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 released its earnings data 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.
Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.