Liquidity Services, Inc. (NASDAQ:LQDT – Get Free Report) EVP John Daunt sold 10,139 shares of the stock in a transaction dated Wednesday, June 24th. The stock was sold at an average price of $39.24, for a total value of $397,854.36. Following the transaction, the executive vice president owned 38,086 shares in the company, valued at $1,494,494.64. This trade represents a 21.02% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website.
John Daunt also recently made the following trade(s):
- On Friday, April 24th, John Daunt sold 2,600 shares of Liquidity Services stock. The shares were sold at an average price of $35.06, for a total transaction of $91,156.00.
- On Tuesday, April 14th, John Daunt sold 2,600 shares of Liquidity Services stock. The shares were sold at an average price of $33.02, for a total transaction of $85,852.00.
Liquidity Services Price Performance
Shares of LQDT stock opened at $39.09 on Friday. The firm’s 50-day simple moving average is $35.92 and its 200-day simple moving average is $32.88. Liquidity Services, Inc. has a 1-year low of $21.67 and a 1-year high of $39.55. The firm has a market cap of $1.22 billion, a P/E ratio of 42.03 and a beta of 1.09.
Institutional Investors Weigh In On Liquidity Services
A number of large investors have recently modified their holdings of LQDT. Tower Research Capital LLC TRC lifted its position in Liquidity Services by 451.0% during the 2nd quarter. Tower Research Capital LLC TRC now owns 2,700 shares of the business services provider’s stock worth $64,000 after acquiring an additional 2,210 shares in the last quarter. Wealth Enhancement Advisory Services LLC grew its position in Liquidity Services by 20.7% in the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 2,114 shares of the business services provider’s stock valued at $71,000 after acquiring an additional 363 shares in the last quarter. Meeder Asset Management Inc. purchased a new stake in shares of Liquidity Services during the first quarter valued at approximately $97,000. Fifth Third Bancorp raised its stake 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 valued at $99,000 after purchasing an additional 3,154 shares during the period. Finally, Kemnay Advisory Services Inc. acquired a new position in shares of Liquidity Services during the fourth quarter worth $163,000. Institutional investors and hedge funds own 71.15% of the company’s stock.
Analyst Upgrades and Downgrades
Several research analysts recently weighed in on the company. Wall Street Zen lowered Liquidity Services from a “strong-buy” rating to a “buy” rating in a research report on Saturday, June 6th. Zacks Research lowered Liquidity Services from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, April 7th. Barrington Research restated 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 “buy (b-)” rating in a research note on Wednesday. Two equities research analysts have rated the stock with a Buy rating and one has given a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $44.00.
View 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.
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