John Daunt Sells 4,546 Shares of Liquidity Services, Inc. (NASDAQ:LQDT) Stock

Liquidity Services, Inc. (NASDAQ:LQDT) EVP John Daunt sold 4,546 shares of Liquidity Services stock in a transaction on Tuesday, December 17th. The shares were sold at an average price of $31.68, for a total value of $144,017.28. Following the completion of the transaction, the executive vice president now directly owns 43,309 shares of the company’s stock, valued at $1,372,029.12. This represents a 9.50 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link.

Liquidity Services Stock Performance

Shares of LQDT opened at $31.41 on Friday. Liquidity Services, Inc. has a 52-week low of $13.99 and a 52-week high of $36.00. The firm has a market cap of $965.57 million, a price-to-earnings ratio of 49.86 and a beta of 1.42. The business’s fifty day moving average is $24.97 and its 200-day moving average is $22.48.

Wall Street Analysts Forecast Growth

A number of research analysts recently commented on the company. StockNews.com cut Liquidity Services from a “strong-buy” rating to a “buy” rating in a research report on Friday, December 13th. Barrington Research reissued an “outperform” rating and issued a $27.00 target price on shares of Liquidity Services in a report on Tuesday, December 10th. Finally, Craig Hallum upped 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.

Institutional Trading of Liquidity Services

Large investors have recently bought and sold shares of the business. nVerses Capital LLC acquired a new position in Liquidity Services during the third quarter worth about $48,000. Ashton Thomas Private Wealth LLC acquired a new position in Liquidity Services during the 2nd quarter worth approximately $87,000. GAMMA Investing LLC increased its position in Liquidity Services by 29.9% during the 3rd quarter. GAMMA Investing LLC now owns 4,362 shares of the business services provider’s stock worth $99,000 after purchasing an additional 1,005 shares in the last quarter. Centiva Capital LP bought a new position in Liquidity Services in the 3rd quarter valued at approximately $260,000. Finally, SG Americas Securities LLC acquired a new stake in Liquidity Services in the third quarter valued at approximately $298,000. 71.15% of the stock is owned by institutional investors and hedge funds.

Liquidity Services Company Profile

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.