Liquidity Services (NASDAQ:LQDT) Sets New 12-Month High – Should You Buy?

Liquidity Services, Inc. (NASDAQ:LQDT)’s share price reached a new 52-week high on Tuesday . The stock traded as high as $25.35 and last traded at $25.27, with a volume of 2684 shares traded. The stock had previously closed at $25.16.

Analyst Ratings Changes

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

Liquidity Services Price Performance

The firm has a market cap of $764.52 million, a P/E ratio of 39.94 and a beta of 1.39. The stock has a 50 day moving average of $22.34 and a 200 day moving average of $20.93.

Insider Activity at Liquidity Services

In related news, VP Mark A. Shaffer sold 13,314 shares of the stock in a transaction on Monday, August 19th. The stock was sold at an average price of $22.56, for a total value of $300,363.84. Following the transaction, the vice president now owns 38,415 shares of the company’s stock, valued at $866,642.40. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In related news, VP Mark A. Shaffer sold 13,314 shares of the stock in a transaction on Monday, August 19th. The stock was sold at an average price of $22.56, for a total value of $300,363.84. Following the transaction, the vice president now owns 38,415 shares of the company’s stock, valued at $866,642.40. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director George H. Ellis sold 5,500 shares of the stock in a transaction on Monday, August 26th. The shares were sold at an average price of $22.54, for a total value of $123,970.00. Following the completion of the transaction, the director now directly owns 13,902 shares in the company, valued at approximately $313,351.08. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 157,345 shares of company stock valued at $3,462,918 over the last 90 days. 29.77% of the stock is owned by insiders.

Institutional Trading of Liquidity Services

Several institutional investors have recently added to or reduced their stakes in LQDT. nVerses Capital LLC purchased a new stake in Liquidity Services during the third quarter valued at about $48,000. GAMMA Investing LLC boosted its holdings in shares of Liquidity Services by 19.2% during the second quarter. GAMMA Investing LLC now owns 3,357 shares of the business services provider’s stock worth $67,000 after purchasing an additional 540 shares during the period. Ashton Thomas Private Wealth LLC purchased a new stake in shares of Liquidity Services during the second quarter worth about $87,000. Jupiter Asset Management Ltd. purchased a new stake in shares of Liquidity Services during the first quarter worth about $202,000. Finally, SG Americas Securities LLC purchased a new stake in shares of Liquidity Services during the third quarter worth about $298,000. 71.15% of the stock is currently owned by hedge funds and other institutional investors.

About Liquidity Services

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.