Liquidity Services (NASDAQ:LQDT) Hits New 12-Month High – What’s Next?

Shares of Liquidity Services, Inc. (NASDAQ:LQDT) reached a new 52-week high during trading on Thursday . The stock traded as high as $36.11 and last traded at $35.56, with a volume of 12273 shares. The stock had previously closed at $35.74.

Wall Street Analysts Forecast Growth

LQDT has been the subject of several analyst reports. Barrington Research reaffirmed an “outperform” rating and issued a $27.00 price objective on shares of Liquidity Services in a research note on Tuesday, December 10th. Craig Hallum raised their price objective on 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 raised Liquidity Services from a “buy” rating to a “strong-buy” rating in a research report on Saturday, December 21st.

Liquidity Services Stock Down 1.4 %

The company’s 50-day moving average is $29.01 and its 200-day moving average is $24.27. The stock has a market cap of $1.08 billion, a price-to-earnings ratio of 55.92 and a beta of 1.37.

Insider Activity at Liquidity Services

In related news, Director Jaime Mateus-Tique sold 50,000 shares of the business’s stock in a transaction that occurred 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 in the company, valued at $3,443,585.20. The trade was a 32.54 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CFO Jorge Celaya sold 16,540 shares of Liquidity Services stock in a transaction dated Monday, December 16th. The stock was sold at an average price of $34.10, for a total value of $564,014.00. Following the completion of the sale, the chief financial officer now owns 33,608 shares of the company’s stock, valued at approximately $1,146,032.80. The trade was a 32.98 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 101,668 shares of company stock valued at $3,331,558 in the last ninety days. Insiders own 29.77% of the company’s stock.

Institutional Trading of Liquidity Services

A number of large investors have recently added to or reduced their stakes in LQDT. Royce & Associates LP bought a new position in Liquidity Services during the third quarter worth about $488,000. Barclays PLC boosted its stake in shares of Liquidity Services by 307.3% during the 3rd quarter. Barclays PLC now owns 39,427 shares of the business services provider’s stock worth $899,000 after acquiring an additional 29,746 shares during the period. Allspring Global Investments Holdings LLC acquired a new position in shares of Liquidity Services during the 3rd quarter worth approximately $1,311,000. Intech Investment Management LLC bought a new stake in Liquidity Services in the 3rd quarter valued at $518,000. Finally, Franklin Resources Inc. raised its stake in Liquidity Services by 7.3% in the 3rd quarter. Franklin Resources Inc. now owns 15,009 shares of the business services provider’s stock valued at $339,000 after acquiring an additional 1,019 shares during the period. Institutional investors and hedge funds own 71.15% of the company’s stock.

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.