Liquidity Services, Inc. (NASDAQ:LQDT) EVP Sells $92,473.14 in Stock

Liquidity Services, Inc. (NASDAQ:LQDT) EVP John Daunt sold 2,767 shares of Liquidity Services stock in a transaction on Monday, February 10th. The shares were sold at an average price of $33.42, for a total value of $92,473.14. Following the completion of the transaction, the executive vice president now owns 43,309 shares of the company’s stock, valued at approximately $1,447,386.78. This trade represents a 6.01 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link.

John Daunt also recently made the following trade(s):

• On Tuesday, December 17th, John Daunt sold 4,546 shares of Liquidity Services stock. The stock was sold at an average price of $31.68, for a total value of $144,017.28.

Liquidity Services Trading Up 2.2 %

Shares of NASDAQ LQDT opened at $36.48 on Friday. The business has a 50-day moving average of $33.29 and a 200-day moving average of $26.45. The firm has a market capitalization of $1.12 billion, a price-to-earnings ratio of 48.64 and a beta of 1.36. Liquidity Services, Inc. has a 12 month low of $16.58 and a 12 month high of $39.72.

Liquidity Services (NASDAQ:LQDT) last released its quarterly earnings results on Thursday, February 6th. The business services provider reported $0.28 EPS for the quarter, topping analysts’ consensus estimates of $0.22 by $0.06. Liquidity Services had a net margin of 6.37% and a return on equity of 20.94%.

Analyst Upgrades and Downgrades

LQDT has been the subject of a number of analyst reports. Craig Hallum raised their price objective on shares of Liquidity Services from $28.00 to $37.00 and gave the company a “buy” rating in a research report on Friday, December 13th. Barrington Research reissued an “outperform” rating and issued a $40.00 price target on shares of Liquidity Services in a report on Tuesday. Finally, StockNews.com cut shares of Liquidity Services from a “strong-buy” rating to a “buy” rating in a report on Friday, February 7th.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in the company. Arrowstreet Capital Limited Partnership lifted its stake in Liquidity Services by 57.9% during the fourth quarter. Arrowstreet Capital Limited Partnership now owns 457,351 shares of the business services provider’s stock worth $14,768,000 after purchasing an additional 167,767 shares during the last quarter. Royce & Associates LP boosted its stake in Liquidity Services by 561.2% in the fourth quarter. Royce & Associates LP now owns 141,649 shares of the business services provider’s stock worth $4,574,000 after buying an additional 120,226 shares in the last quarter. Marshall Wace LLP bought a new position in Liquidity Services during the fourth quarter valued at approximately $3,477,000. Walleye Capital LLC purchased a new position in shares of Liquidity Services during the fourth quarter worth approximately $2,969,000. Finally, Connor Clark & Lunn Investment Management Ltd. bought a new stake in shares of Liquidity Services in the 4th quarter worth approximately $2,743,000. Institutional investors own 71.15% of the company’s stock.

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.