Liquidity Services, Inc. (NASDAQ:LQDT – Get Free Report) Director Jaime Mateus-Tique sold 33,727 shares of the company’s stock in a transaction on Tuesday, June 16th. The shares were sold at an average price of $37.95, for a total transaction of $1,279,939.65. Following the completion of the sale, the director directly owned 213,653 shares in the company, valued at $8,108,131.35. This trade represents a 13.63% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website.
Jaime Mateus-Tique also recently made the following trade(s):
- On Monday, June 15th, Jaime Mateus-Tique sold 2,000 shares of Liquidity Services stock. The stock was sold at an average price of $37.95, for a total transaction of $75,900.00.
- On Monday, May 11th, Jaime Mateus-Tique sold 6,913 shares of Liquidity Services stock. The stock was sold at an average price of $34.52, for a total transaction of $238,636.76.
Liquidity Services Price Performance
NASDAQ LQDT opened at $37.89 on Friday. The company has a market capitalization of $1.18 billion, a PE ratio of 40.74 and a beta of 1.09. The company has a fifty day moving average of $35.36 and a 200 day moving average of $32.58. Liquidity Services, Inc. has a 1 year low of $21.67 and a 1 year high of $38.83.
Analysts Set New Price Targets
Several research analysts recently weighed in on the company. Barrington Research reissued an “outperform” rating and issued a $44.00 price target on shares of Liquidity Services in a report on Thursday, May 21st. Weiss Ratings raised shares of Liquidity Services from a “hold (c)” rating to a “hold (c+)” rating in a research note on Thursday, May 7th. Zacks Research lowered shares of Liquidity Services from a “strong-buy” rating to a “hold” rating in a report on Tuesday, April 7th. Finally, Wall Street Zen lowered shares of Liquidity Services from a “strong-buy” rating to a “buy” rating in a report on Saturday, June 6th. 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 MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $44.00.
View Our Latest Stock Report on LQDT
Institutional Investors Weigh In On Liquidity Services
A number of institutional investors have recently modified their holdings of the business. Tower Research Capital LLC TRC raised its holdings in 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 worth $64,000 after purchasing an additional 2,210 shares during the period. Wealth Enhancement Advisory Services LLC boosted its position in Liquidity Services by 20.7% during the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 2,114 shares of the business services provider’s stock worth $71,000 after purchasing an additional 363 shares in the last quarter. Meeder Asset Management Inc. acquired a new stake in Liquidity Services in the first quarter valued at approximately $97,000. Fifth Third Bancorp grew 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 purchasing an additional 3,154 shares during the period. Finally, Kemnay Advisory Services Inc. purchased a new stake in shares of Liquidity Services in the fourth quarter valued at approximately $163,000. 71.15% of the stock is currently owned by institutional investors and hedge funds.
About Liquidity Services
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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