Liquidity Services, Inc. (NASDAQ:LQDT – Get Free Report) SVP Steven Weiskircher sold 493 shares of the business’s stock in a transaction dated Thursday, May 21st. The stock was sold at an average price of $34.45, for a total value of $16,983.85. Following the sale, the senior vice president owned 69,222 shares in the company, valued at $2,384,697.90. The trade was a 0.71% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink.
Steven Weiskircher also recently made the following trade(s):
- On Friday, May 22nd, Steven Weiskircher sold 11,477 shares of Liquidity Services stock. The shares were sold at an average price of $34.23, for a total transaction of $392,857.71.
- On Friday, March 6th, Steven Weiskircher sold 4,967 shares of Liquidity Services stock. The stock was sold at an average price of $32.07, for a total transaction of $159,291.69.
Liquidity Services Trading Up 0.7%
NASDAQ LQDT opened at $36.33 on Friday. The company has a fifty day simple moving average of $33.12 and a two-hundred day simple moving average of $31.34. The stock has a market cap of $1.13 billion, a P/E ratio of 39.06 and a beta of 1.10. Liquidity Services, Inc. has a 12-month low of $21.67 and a 12-month high of $38.83.
Institutional Trading of Liquidity Services
A number of hedge funds and other institutional investors have recently made changes to their positions in LQDT. Mirae Asset Global Investments Co. Ltd. acquired a new position in Liquidity Services in the third quarter valued at approximately $30,000. Wealth Enhancement Advisory Services LLC acquired a new position in Liquidity Services in the third quarter valued at approximately $44,000. Tower Research Capital LLC TRC lifted its holdings in Liquidity Services by 451.0% in the second quarter. Tower Research Capital LLC TRC now owns 2,700 shares of the business services provider’s stock valued at $64,000 after acquiring an additional 2,210 shares during the period. Meeder Asset Management Inc. acquired a new position in Liquidity Services in the first quarter valued at approximately $97,000. Finally, Fifth Third Bancorp lifted its holdings in Liquidity Services by 4,505.7% in the first quarter. Fifth Third Bancorp now owns 3,224 shares of the business services provider’s stock valued at $99,000 after acquiring an additional 3,154 shares during the period. Institutional investors and hedge funds own 71.15% of the company’s stock.
Analyst Upgrades and Downgrades
A number of research firms have issued reports on LQDT. Zacks Research cut shares of Liquidity Services from a “strong-buy” rating to a “hold” rating in a report on Tuesday, April 7th. Weiss Ratings raised shares of Liquidity Services from a “hold (c)” rating to a “hold (c+)” rating in a report on Thursday, May 7th. Wall Street Zen raised shares of Liquidity Services from a “buy” rating to a “strong-buy” rating in a report on Saturday, May 23rd. Finally, Barrington Research reiterated an “outperform” rating and issued a $44.00 price objective on shares of Liquidity Services in a research note on Thursday, May 21st. One investment analyst has rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $44.00.
Read Our Latest Research Report on LQDT
Trending Headlines about Liquidity Services
Here are the key news stories impacting Liquidity Services this week:
- Positive Sentiment: The company’s latest quarter topped expectations, with EPS and revenue both beating estimates, and management recently reiterated guidance. That stronger operating performance is a key reason investors have been willing to bid the stock higher. Article Title
- Positive Sentiment: Liquidity Services also announced that senior leadership, including CEO Bill Angrick and CFO Jorge Celaya, will participate in upcoming investor conferences, which can help reinforce the company’s growth story and keep investor attention on the stock. Article Title
- Neutral Sentiment: Analyst sentiment is mixed but constructive overall, with Barrington Research maintaining an “Outperform” rating and a $44 target, while the broader consensus remains “Hold.”
- Negative Sentiment: Recent insider selling could temper enthusiasm. CFO Jorge Celaya sold shares in multiple transactions, and additional sales were reported by SVP Steven Weiskircher and insider Novelette Murray. Investors sometimes view repeated insider selling as a sign executives are taking profits near current levels. Article Title
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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