Liquidity Services, Inc. (NASDAQ:LQDT - Get Free Report) SVP Steven Weiskircher sold 582 shares of the firm's stock in a transaction dated Monday, December 16th. The stock was sold at an average price of $33.31, for a total value of $19,386.42. Following the transaction, the senior vice president now owns 88,070 shares of the company's stock, valued at $2,933,611.70. This trade represents a 0.66 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.
Liquidity Services Price Performance
Shares of Liquidity Services stock opened at $31.09 on Thursday. The stock's 50-day moving average is $24.78 and its 200 day moving average is $22.41. Liquidity Services, Inc. has a one year low of $13.99 and a one year high of $36.00. The firm has a market cap of $955.74 million, a price-to-earnings ratio of 49.35 and a beta of 1.42.
Analysts Set New Price Targets
A number of analysts have weighed in on the stock. Barrington Research reissued an "outperform" rating and set a $27.00 target price on shares of Liquidity Services in a research report on Tuesday, December 10th. Craig Hallum upped their price objective on shares of Liquidity Services from $28.00 to $37.00 and gave the company a "buy" rating in a research note on Friday, December 13th. Finally, StockNews.com downgraded shares of Liquidity Services from a "strong-buy" rating to a "buy" rating in a research note on Friday, December 13th.
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Hedge Funds Weigh In On Liquidity Services
A number of institutional investors and hedge funds have recently modified their holdings of the business. nVerses Capital LLC bought a new stake in shares of Liquidity Services in the 3rd quarter valued at $48,000. GAMMA Investing LLC grew its holdings in Liquidity Services by 29.9% in the third 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 during the period. Ashton Thomas Private Wealth LLC acquired a new stake in Liquidity Services in the second quarter worth $87,000. Centiva Capital LP bought a new stake in Liquidity Services in the third quarter valued at $260,000. Finally, SG Americas Securities LLC acquired a new position in shares of Liquidity Services during the third quarter valued at about $298,000. 71.15% of the stock is currently owned by institutional investors.
Liquidity Services Company Profile
(
Get Free Report)
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.
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