Liquidity Services, Inc. (NASDAQ:LQDT – Get Free Report) SVP Steven Weiskircher sold 493 shares of the stock in a transaction dated Thursday, May 21st. The shares were sold at an average price of $34.45, for a total transaction of $16,983.85. Following the transaction, the senior vice president directly owned 69,222 shares of the company’s stock, valued at $2,384,697.90. This trade represents a 0.71% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through 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 shares were sold at an average price of $32.07, for a total transaction of $159,291.69.
Liquidity Services Trading Up 0.8%
Shares of NASDAQ:LQDT opened at $36.06 on Thursday. Liquidity Services, Inc. has a 12 month low of $21.67 and a 12 month high of $38.83. The company has a 50-day moving average price of $32.96 and a 200 day moving average price of $31.24. The company has a market cap of $1.12 billion, a price-to-earnings ratio of 38.77 and a beta of 1.10.
Liquidity Services News Roundup
Here are the key news stories impacting Liquidity Services this week:
- Positive Sentiment: Liquidity Services said senior management, including CEO Bill Angrick and CFO Jorge Celaya, will participate in several upcoming investor conferences. That can help management explain the company’s growth story, e-commerce marketplace strategy, and circular-economy positioning to investors. Article Title
- Positive Sentiment: The company’s recent operating backdrop remains solid, with the latest quarter showing revenue growth and earnings above expectations, which continues to support investor confidence in the business.
- Neutral Sentiment: Analyst coverage is mixed but not bearish overall: Barrington Research reiterated an “Outperform” rating and a $44 target, while the broader consensus remains around “Hold.”
- Negative Sentiment: Multiple insiders sold shares, including SVP Steven Weiskircher, VP Mark A. Shaffer, and CHRO Novelette Murray. The most notable transaction was Shaffer’s sale of 45,246 shares, while other recent filings also showed additional insider selling. Repeated insider sales can weigh on sentiment because investors may view them as a sign management is taking profits at current levels. Article Title
Wall Street Analyst Weigh In
A number of brokerages recently commented on LQDT. Wall Street Zen raised shares of Liquidity Services from a “buy” rating to a “strong-buy” rating in a report on Saturday, May 23rd. Weiss Ratings raised shares of Liquidity Services from a “hold (c)” rating to a “hold (c+)” rating in a report on Thursday, May 7th. Zacks Research downgraded shares of Liquidity Services from a “strong-buy” rating to a “hold” rating in a report on Tuesday, April 7th. Finally, Barrington Research reaffirmed an “outperform” rating and issued a $44.00 price target on shares of Liquidity Services in a report on Thursday, May 21st. One research analyst has rated the stock with a Buy rating and two have given a Hold rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and an average price target of $44.00.
Read Our Latest Stock Report on Liquidity Services
Institutional Trading of Liquidity Services
Several institutional investors have recently added to or reduced their stakes in LQDT. Ameriprise Financial Inc. lifted its stake in Liquidity Services by 55.1% in the second quarter. Ameriprise Financial Inc. now owns 1,281,332 shares of the business services provider’s stock worth $30,227,000 after purchasing an additional 454,988 shares during the last quarter. Punch & Associates Investment Management Inc. lifted its stake in Liquidity Services by 38.9% in the third quarter. Punch & Associates Investment Management Inc. now owns 909,743 shares of the business services provider’s stock worth $24,954,000 after purchasing an additional 254,875 shares during the last quarter. Millennium Management LLC lifted its stake in Liquidity Services by 141.9% in the third quarter. Millennium Management LLC now owns 357,707 shares of the business services provider’s stock worth $9,812,000 after purchasing an additional 209,807 shares during the last quarter. Marshall Wace LLP lifted its stake in Liquidity Services by 835.0% in the second quarter. Marshall Wace LLP now owns 181,535 shares of the business services provider’s stock worth $4,282,000 after purchasing an additional 162,120 shares during the last quarter. Finally, Qube Research & Technologies Ltd lifted its stake in Liquidity Services by 120.7% in the second quarter. Qube Research & Technologies Ltd now owns 283,301 shares of the business services provider’s stock worth $6,683,000 after purchasing an additional 154,925 shares during the last quarter. Institutional investors 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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