Liquidity Services, Inc. (NASDAQ:LQDT) EVP John Daunt Sells 4,546 Shares

Liquidity Services, Inc. (NASDAQ:LQDT) EVP John Daunt sold 4,546 shares of the business’s stock in a transaction that occurred on Tuesday, December 17th. The stock was sold at an average price of $31.68, for a total value of $144,017.28. Following the completion of the transaction, the executive vice president now directly owns 43,309 shares in the company, valued at $1,372,029.12. The trade was a 9.50 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink.

Liquidity Services Price Performance

Shares of NASDAQ LQDT traded down $0.07 during midday trading on Wednesday, reaching $31.09. 368,948 shares of the stock were exchanged, compared to its average volume of 135,426. Liquidity Services, Inc. has a 12 month low of $13.99 and a 12 month high of $36.00. The business has a 50-day simple moving average of $24.78 and a two-hundred day simple moving average of $22.41. The company has a market capitalization of $955.74 million, a price-to-earnings ratio of 49.35 and a beta of 1.42.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. GAMMA Investing LLC grew its position in shares of Liquidity Services by 29.9% in the 3rd quarter. GAMMA Investing LLC now owns 4,362 shares of the business services provider’s stock valued at $99,000 after purchasing an additional 1,005 shares during the period. Franklin Resources Inc. lifted its stake in Liquidity Services by 7.3% in the third quarter. Franklin Resources Inc. now owns 15,009 shares of the business services provider’s stock valued at $339,000 after buying an additional 1,019 shares in the last quarter. nVerses Capital LLC acquired a new position in shares of Liquidity Services in the third quarter valued at approximately $48,000. Geode Capital Management LLC increased its position in shares of Liquidity Services by 0.5% during the third quarter. Geode Capital Management LLC now owns 515,584 shares of the business services provider’s stock worth $11,757,000 after acquiring an additional 2,392 shares in the last quarter. Finally, Public Sector Pension Investment Board raised its holdings in shares of Liquidity Services by 5.2% during the second quarter. Public Sector Pension Investment Board now owns 48,925 shares of the business services provider’s stock worth $978,000 after acquiring an additional 2,430 shares during the period. 71.15% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several brokerages recently issued reports on LQDT. Barrington Research reiterated an “outperform” rating and set a $27.00 price target on shares of Liquidity Services in a research report on Tuesday, December 10th. Craig Hallum raised their price target on shares of Liquidity Services from $28.00 to $37.00 and gave the company a “buy” rating in a report on Friday, December 13th. Finally, StockNews.com lowered Liquidity Services from a “strong-buy” rating to a “buy” rating in a research report on Friday, December 13th.

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.