Jaime Mateus-Tique Sells 50,000 Shares of Liquidity Services, Inc. (NASDAQ:LQDT) Stock

Liquidity Services, Inc. (NASDAQ:LQDT) Director Jaime Mateus-Tique sold 50,000 shares of Liquidity Services stock in a transaction on Monday, December 16th. The shares were sold at an average price of $33.22, for a total value of $1,661,000.00. Following the completion of the transaction, the director now owns 103,660 shares of the company’s stock, valued at approximately $3,443,585.20. This trade represents a 32.54 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink.

Liquidity Services Stock Performance

LQDT opened at $31.41 on Friday. Liquidity Services, Inc. has a one year low of $13.99 and a one year high of $36.00. The company has a market cap of $965.57 million, a P/E ratio of 49.86 and a beta of 1.42. The business’s 50-day simple moving average is $24.97 and its 200-day simple moving average is $22.48.

Hedge Funds Weigh In On Liquidity Services

A number of institutional investors and hedge funds have recently added to or reduced their stakes in LQDT. Essex Investment Management Co. LLC acquired a new stake in Liquidity Services during the third quarter worth approximately $2,749,000. Pacer Advisors Inc. grew its position in shares of Liquidity Services by 9.5% in the 3rd quarter. Pacer Advisors Inc. now owns 881,234 shares of the business services provider’s stock valued at $20,092,000 after buying an additional 76,794 shares during the last quarter. Acadian Asset Management LLC raised its stake in Liquidity Services by 15.7% during the 2nd quarter. Acadian Asset Management LLC now owns 503,600 shares of the business services provider’s stock worth $10,060,000 after acquiring an additional 68,407 shares in the last quarter. Allspring Global Investments Holdings LLC acquired a new stake in Liquidity Services during the 3rd quarter worth $1,311,000. Finally, Access Investment Management LLC lifted its position in Liquidity Services by 81.7% in the second quarter. Access Investment Management LLC now owns 82,335 shares of the business services provider’s stock valued at $1,645,000 after acquiring an additional 37,010 shares during the last quarter. 71.15% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several equities analysts have recently issued reports on the company. Barrington Research reiterated an “outperform” rating and issued a $27.00 price objective on shares of Liquidity Services in a research note on Tuesday, December 10th. StockNews.com cut shares of Liquidity Services from a “strong-buy” rating to a “buy” rating in a report on Friday, December 13th. Finally, Craig Hallum boosted their price target on shares of Liquidity Services from $28.00 to $37.00 and gave the stock a “buy” rating in a report on Friday, December 13th.

About Liquidity Services

Liquidity Services, Inc provides e-commerce marketplaces, self-directed auction listing tools, and value-added services in the United States and internationally. The company operates through four segments: GovDeals, Retail Supply Chain Group (RSCG), Capital Assets Group (CAG), and Machinio. Its marketplaces include liquidation.com that enable corporations to sell surplus and salvage consumer goods and retail capital assets; GovDeals marketplace, which provides self-directed service solutions in which sellers list their own assets that enables local and state government entities, and commercial businesses located in the United States and Canada to sell surplus and salvage assets; and AllSurplus, a centralized marketplace that connects global buyer base with assets from across the network of marketplaces in a single destination.