Liquidity Services, Inc. (NASDAQ:LQDT – Get Free Report) Director Jaime Mateus-Tique sold 2,000 shares of the stock in a transaction that occurred on Monday, June 15th. The shares were sold at an average price of $37.95, for a total transaction of $75,900.00. Following the completion of the sale, the director owned 247,380 shares in the company, valued at $9,388,071. This represents a 0.80% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.
Jaime Mateus-Tique also recently made the following trade(s):
- On Tuesday, June 16th, Jaime Mateus-Tique sold 33,727 shares of Liquidity Services stock. The shares were sold at an average price of $37.95, for a total transaction of $1,279,939.65.
- On Monday, May 11th, Jaime Mateus-Tique sold 6,913 shares of Liquidity Services stock. The shares were sold at an average price of $34.52, for a total transaction of $238,636.76.
Liquidity Services Price Performance
LQDT stock opened at $36.54 on Thursday. The company’s 50 day simple moving average is $35.12 and its 200-day simple moving average is $32.48. The firm has a market capitalization of $1.14 billion, a PE ratio of 39.29 and a beta of 1.09. Liquidity Services, Inc. has a 12 month low of $21.67 and a 12 month high of $38.83.
Analyst Upgrades and Downgrades
LQDT has been the topic of a number of analyst reports. Wall Street Zen lowered shares of Liquidity Services from a “strong-buy” rating to a “buy” rating in a research report on Saturday, June 6th. Weiss Ratings upgraded shares of Liquidity Services from a “hold (c)” rating to a “hold (c+)” rating in a research report on Thursday, May 7th. Zacks Research lowered shares of Liquidity Services from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, April 7th. Finally, Barrington Research restated an “outperform” rating and set a $44.00 target price on shares of Liquidity Services in a research report on Thursday, May 21st. One investment analyst has rated the stock with a Buy rating and two have given a Hold rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average price target of $44.00.
Check Out Our Latest Stock Analysis on LQDT
Hedge Funds Weigh In On Liquidity Services
Hedge funds have recently made changes to their positions in the stock. Tower Research Capital LLC TRC boosted its holdings in shares of Liquidity Services by 451.0% in the 2nd quarter. Tower Research Capital LLC TRC now owns 2,700 shares of the business services provider’s stock valued at $64,000 after purchasing an additional 2,210 shares during the last quarter. Wealth Enhancement Advisory Services LLC boosted its holdings in shares of Liquidity Services by 20.7% in the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 2,114 shares of the business services provider’s stock valued at $71,000 after purchasing an additional 363 shares during the last quarter. Meeder Asset Management Inc. acquired a new position in shares of Liquidity Services in the 1st quarter valued at $97,000. Fifth Third Bancorp boosted its holdings in shares of Liquidity Services by 4,505.7% in the 1st quarter. Fifth Third Bancorp now owns 3,224 shares of the business services provider’s stock valued at $99,000 after purchasing an additional 3,154 shares during the last quarter. Finally, Kemnay Advisory Services Inc. acquired a new position in shares of Liquidity Services in the 4th quarter valued at $163,000. Institutional investors and hedge funds own 71.15% of the company’s stock.
Liquidity Services Company Profile
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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