Liquidity Services, Inc. (NASDAQ:LQDT) VP Sells $213,717.95 in Stock

Liquidity Services, Inc. (NASDAQ:LQDT) VP Mark A. Shaffer sold 6,005 shares of the company’s stock in a transaction dated Wednesday, February 12th. The shares were sold at an average price of $35.59, for a total value of $213,717.95. Following the sale, the vice president now owns 36,083 shares in the company, valued at approximately $1,284,193.97. This represents a 14.27 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink.

Liquidity Services Stock Up 2.2 %

NASDAQ LQDT opened at $36.48 on Friday. The stock’s 50-day simple moving average is $33.29 and its two-hundred day simple moving average is $26.45. Liquidity Services, Inc. has a twelve month low of $16.58 and a twelve month high of $39.72. The company has a market capitalization of $1.12 billion, a price-to-earnings ratio of 48.64 and a beta of 1.36.

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

Analysts Set New Price Targets

Several equities research analysts have recently weighed in on the company. StockNews.com cut Liquidity Services from a “strong-buy” rating to a “buy” rating in a research report on Friday, February 7th. Craig Hallum lifted their target price 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. Finally, Barrington Research reissued an “outperform” rating and issued a $40.00 price target on shares of Liquidity Services in a report on Tuesday.

Institutional Investors Weigh In On Liquidity Services

A number of large investors have recently added to or reduced their stakes in LQDT. Harvest Fund Management Co. Ltd purchased a new stake in Liquidity Services during the fourth quarter valued at about $38,000. Quarry LP purchased a new position in shares of Liquidity Services in the fourth quarter worth about $47,000. nVerses Capital LLC purchased a new position in shares of Liquidity Services in the third quarter worth about $48,000. Aquatic Capital Management LLC increased its holdings in shares of Liquidity Services by 257.6% in the fourth quarter. Aquatic Capital Management LLC now owns 1,788 shares of the business services provider’s stock worth $58,000 after buying an additional 1,288 shares during the period. Finally, R Squared Ltd purchased a new position in shares of Liquidity Services in the fourth quarter worth about $66,000. Hedge funds and other 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.