Liquidity Services, Inc. (NASDAQ:LQDT – Get Free Report) EVP John Daunt sold 715 shares of the company’s stock in a transaction on Tuesday, September 1st. The stock was sold at an average price of $41.27, for a total transaction of $29,508.05. Following the transaction, the executive vice president owned 38,086 shares of the company’s stock, valued at approximately $1,571,809.22. The trade was a 1.84% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link.
John Daunt also recently made the following trade(s):
- On Monday, August 3rd, John Daunt sold 715 shares of Liquidity Services stock. The shares were sold at an average price of $39.00, for a total value of $27,885.00.
- On Wednesday, July 1st, John Daunt sold 462 shares of Liquidity Services stock. The shares were sold at an average price of $39.13, for a total value of $18,078.06.
- On Friday, June 26th, John Daunt sold 39 shares of Liquidity Services stock. The stock was sold at an average price of $39.09, for a total value of $1,524.51.
- On Wednesday, June 24th, John Daunt sold 10,139 shares of Liquidity Services stock. The stock was sold at an average price of $39.24, for a total transaction of $397,854.36.
Liquidity Services Stock Performance
LQDT stock traded up $0.06 during trading on Wednesday, reaching $39.39. 283,562 shares of the company were exchanged, compared to its average volume of 233,614. Liquidity Services, Inc. has a 52-week low of $21.67 and a 52-week high of $44.09. The company has a market cap of $1.23 billion, a P/E ratio of 38.62 and a beta of 1.07. The stock’s 50 day moving average price is $40.09 and its 200 day moving average price is $35.82.
Institutional Trading of Liquidity Services
Large investors have recently added to or reduced their stakes in the stock. BlackRock Inc. purchased a new stake in shares of Liquidity Services during the second quarter valued at approximately $140,508,000. Vanguard Group Inc. lifted its holdings in Liquidity Services by 3.1% in the 4th quarter. Vanguard Group Inc. now owns 1,813,734 shares of the business services provider’s stock worth $54,974,000 after buying an additional 54,045 shares in the last quarter. Ameriprise Financial Inc. boosted its position in Liquidity Services by 55.1% in the 2nd quarter. Ameriprise Financial Inc. now owns 1,281,332 shares of the business services provider’s stock valued at $30,227,000 after buying an additional 454,988 shares during the last quarter. California State Teachers Retirement System grew its stake in shares of Liquidity Services by 4,157.6% during the second quarter. California State Teachers Retirement System now owns 983,516 shares of the business services provider’s stock valued at $38,475,000 after acquiring an additional 960,416 shares in the last quarter. Finally, Punch & Associates Investment Management Inc. acquired a new position in shares of Liquidity Services in the second quarter worth about $37,349,000. 71.15% of the stock is currently owned by institutional investors and hedge funds.
Wall Street Analysts Forecast Growth
Several analysts have recently commented on LQDT shares. Weiss Ratings upgraded shares of Liquidity Services from a “buy (b-)” rating to a “buy (b)” rating in a research report on Tuesday, August 11th. Barrington Research set a $50.00 price objective on Liquidity Services in a research report on Friday, August 7th. Zacks Research raised shares of Liquidity Services from a “hold” rating to a “strong-buy” rating in a research note on Thursday, August 27th. Finally, Wall Street Zen upgraded shares of Liquidity Services from a “buy” rating to a “strong-buy” rating in a report on Sunday, August 16th. One equities research analyst has rated the stock with a Strong Buy rating and two have given a Buy rating to the company. According to data from MarketBeat.com, Liquidity Services has a consensus rating of “Buy” and a consensus target price of $50.00.
Check Out Our Latest Stock Analysis on LQDT
About Liquidity Services
Liquidity Services, Inc is a technology-driven provider of online marketplaces for surplus and remarketed assets. Through its wholly owned platforms—such as Liquidation.com, GovDeals, Machinio and GoIndustry DoveBid—the company connects sellers of industrial equipment, commercial inventory, government surplus and transportation assets with a broad base of registered buyers. Its solutions blend auction formats, fixed-price listings and managed-service offerings to support efficient asset disposition across a wide range of industries.
The company’s core services include asset valuation, marketing, inspection and logistics coordination.
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