Liquidity Services (NASDAQ:LQDT) Hits New 52-Week High – Should You Buy?

Shares of Liquidity Services, Inc. (NASDAQ:LQDT) hit a new 52-week high during trading on Monday . The stock traded as high as $25.85 and last traded at $25.80, with a volume of 29588 shares changing hands. The stock had previously closed at $25.40.

Analyst Ratings Changes

Separately, Barrington Research reissued an “outperform” rating and issued a $27.00 price target on shares of Liquidity Services in a research report on Monday, August 26th.

Liquidity Services Trading Down 0.2 %

The stock’s fifty day moving average price is $23.07 and its two-hundred day moving average price is $21.49. The firm has a market capitalization of $780.04 million, a price-to-earnings ratio of 40.30 and a beta of 1.39.

Insider Activity

In related news, EVP John Daunt sold 41,454 shares of Liquidity Services stock in a transaction on Friday, September 6th. The shares were sold at an average price of $21.75, for a total transaction of $901,624.50. Following the sale, the executive vice president now directly owns 50,712 shares in the company, valued at $1,102,986. This trade represents a 44.98 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO Jorge Celaya sold 3,248 shares of Liquidity Services stock in a transaction on Thursday, September 5th. The stock was sold at an average price of $21.51, for a total transaction of $69,864.48. Following the sale, the chief financial officer now owns 51,988 shares in the company, valued at $1,118,261.88. This represents a 5.88 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 62,105 shares of company stock worth $1,349,177. 29.77% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Liquidity Services

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. nVerses Capital LLC acquired a new position in Liquidity Services in the third quarter valued at $48,000. GAMMA Investing LLC increased its stake in Liquidity Services by 19.2% in the second quarter. GAMMA Investing LLC now owns 3,357 shares of the business services provider’s stock valued at $67,000 after purchasing an additional 540 shares during the period. Ashton Thomas Private Wealth LLC acquired a new position in Liquidity Services in the second quarter valued at $87,000. Centiva Capital LP acquired a new position in Liquidity Services in the third quarter valued at $260,000. Finally, SG Americas Securities LLC acquired a new position in Liquidity Services in the third quarter valued at $298,000. 71.15% of the stock is currently owned by institutional investors and hedge funds.

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.