Liquidity Services (NASDAQ:LQDT) Sets New 1-Year High – Time to Buy?

Liquidity Services, Inc. (NASDAQ:LQDT) reached a new 52-week high during trading on Monday . The company 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 Upgrades and Downgrades

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

Liquidity Services Price Performance

The firm has a market cap of $778.82 million, a price-to-earnings ratio of 40.91 and a beta of 1.39. The company’s 50 day simple moving average is $22.95 and its 200 day simple moving average is $21.39.

Insider Buying and Selling at Liquidity Services

In other news, EVP John Daunt sold 7,403 shares of the company’s stock in a transaction on Monday, September 9th. The shares were sold at an average price of $21.26, for a total value of $157,387.78. Following the completion of the transaction, the executive vice president now owns 43,309 shares in the company, valued at approximately $920,749.34. This represents a 14.60 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, CFO Jorge Celaya sold 3,248 shares of the business’s stock in a transaction on Thursday, September 5th. The shares were sold at an average price of $21.51, for a total transaction of $69,864.48. Following the completion of the sale, the chief financial officer now directly owns 51,988 shares of the company’s stock, valued at approximately $1,118,261.88. This trade represents a 5.88 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 83,178 shares of company stock valued at $1,816,576 in the last quarter. Corporate insiders own 29.77% of the company’s stock.

Institutional Trading of Liquidity Services

A number of hedge funds and other institutional investors have recently made changes to their positions in LQDT. nVerses Capital LLC purchased a new position in Liquidity Services during the 3rd quarter worth approximately $48,000. GAMMA Investing LLC increased its holdings in shares of Liquidity Services by 19.2% in the 2nd quarter. GAMMA Investing LLC now owns 3,357 shares of the business services provider’s stock valued at $67,000 after acquiring an additional 540 shares during the period. Ashton Thomas Private Wealth LLC acquired a new stake in Liquidity Services during the 2nd quarter worth $87,000. Centiva Capital LP purchased a new position in Liquidity Services during the 3rd quarter worth $260,000. Finally, SG Americas Securities LLC acquired a new position in Liquidity Services in the third quarter valued at $298,000. Institutional investors and hedge funds own 71.15% of the company’s stock.

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.