Liquidity Services, Inc. (NASDAQ:LQDT – Get Free Report) Director Jaime Mateus-Tique sold 9,791 shares of the business’s stock in a transaction on Thursday, June 18th. The stock was sold at an average price of $37.95, for a total value of $371,568.45. Following the transaction, the director directly owned 203,862 shares of the company’s stock, valued at $7,736,562.90. The trade was a 4.58% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website.
Jaime Mateus-Tique also recently made the following trade(s):
- On Tuesday, June 16th, Jaime Mateus-Tique sold 33,727 shares of Liquidity Services stock. The stock was sold at an average price of $37.95, for a total value of $1,279,939.65.
- On Monday, June 15th, Jaime Mateus-Tique sold 2,000 shares of Liquidity Services stock. The stock was sold at an average price of $37.95, for a total transaction of $75,900.00.
- On Monday, May 11th, Jaime Mateus-Tique sold 6,913 shares of Liquidity Services stock. The shares were sold at an average price of $34.52, for a total transaction of $238,636.76.
Liquidity Services Stock Down 1.0%
Shares of Liquidity Services stock opened at $37.52 on Tuesday. Liquidity Services, Inc. has a 52-week low of $21.67 and a 52-week high of $38.83. The company has a 50 day moving average of $35.47 and a 200 day moving average of $32.65. The company has a market capitalization of $1.17 billion, a P/E ratio of 40.34 and a beta of 1.09.
Institutional Inflows and Outflows
Several large investors have recently modified their holdings of the stock. Wealth Enhancement Advisory Services LLC raised its stake in Liquidity Services by 20.7% during the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 2,114 shares of the business services provider’s stock worth $71,000 after acquiring an additional 363 shares in the last quarter. Tower Research Capital LLC TRC boosted its stake in Liquidity Services by 451.0% in the second quarter. Tower Research Capital LLC TRC now owns 2,700 shares of the business services provider’s stock valued at $64,000 after acquiring an additional 2,210 shares in the last quarter. Meeder Asset Management Inc. acquired a new position in Liquidity Services in the first quarter valued at $97,000. Fifth Third Bancorp grew its holdings in shares of Liquidity Services by 4,505.7% during the first quarter. Fifth Third Bancorp now owns 3,224 shares of the business services provider’s stock worth $99,000 after purchasing an additional 3,154 shares during the last quarter. Finally, Kemnay Advisory Services Inc. purchased a new position in shares of Liquidity Services during the fourth quarter worth about $163,000. Institutional investors and hedge funds own 71.15% of the company’s stock.
Analysts Set New Price Targets
A number of analysts have weighed in on LQDT shares. Zacks Research cut Liquidity Services from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, April 7th. Wall Street Zen cut Liquidity Services from a “strong-buy” rating to a “buy” rating in a research report on Saturday, June 6th. Barrington Research reiterated an “outperform” rating and issued a $44.00 price objective on shares of Liquidity Services in a report on Thursday, May 21st. Finally, Weiss Ratings raised Liquidity Services from a “hold (c)” rating to a “hold (c+)” rating in a research report on Thursday, May 7th. One analyst has rated the stock with a Buy rating and two have assigned a Hold rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price of $44.00.
Get Our Latest Analysis on LQDT
Liquidity Services Company Profile
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.
Recommended Stories
- Five stocks we like better than Liquidity Services
- Buy CrowdStrike Before the Stock Split? Here’s the Case
- Investors Are Buying Into Sweetgreen Again—Should They?
- Burlington Is Winning Over Shoppers But Investors Need Patience
- USA Today’s Digital Revival Is Gaining Steam, But With Plenty of Risk
Receive News & Ratings for Liquidity Services Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Liquidity Services and related companies with MarketBeat.com's FREE daily email newsletter.
