Liquidity Services, Inc. (NASDAQ:LQDT) EVP Sells $92,473.14 in Stock

Liquidity Services, Inc. (NASDAQ:LQDT) EVP John Daunt sold 2,767 shares of the stock in a transaction on Monday, February 10th. The shares were sold at an average price of $33.42, for a total value of $92,473.14. Following the completion of the sale, the executive vice president now owns 43,309 shares of the company’s stock, valued at $1,447,386.78. The trade was a 6.01 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link.

John Daunt also recently made the following trade(s):

• On Tuesday, December 17th, John Daunt sold 4,546 shares of Liquidity Services stock. The shares were sold at an average price of $31.68, for a total transaction of $144,017.28.

Liquidity Services Price Performance

NASDAQ:LQDT traded up $1.21 on Wednesday, reaching $35.55. 537,410 shares of the company’s stock were exchanged, compared to its average volume of 323,314. The firm has a market cap of $1.10 billion, a price-to-earnings ratio of 47.40 and a beta of 1.36. The stock has a fifty day simple moving average of $32.85 and a 200-day simple moving average of $26.29. Liquidity Services, Inc. has a 52 week low of $15.79 and a 52 week high of $39.72.

Liquidity Services (NASDAQ:LQDT) last released its quarterly earnings results on Thursday, February 6th. The business services provider reported $0.28 EPS for the quarter, beating analysts’ consensus estimates of $0.22 by $0.06. Liquidity Services had a net margin of 6.37% and a return on equity of 20.94%.

Hedge Funds Weigh In On Liquidity Services

Several institutional investors and hedge funds have recently made changes to their positions in the business. Harvest Fund Management Co. Ltd purchased a new position in shares of Liquidity Services in the fourth quarter worth $38,000. R Squared Ltd bought a new position in shares of Liquidity Services during the fourth quarter valued at about $66,000. nVerses Capital LLC purchased a new stake in shares of Liquidity Services during the third quarter worth about $48,000. KLP Kapitalforvaltning AS purchased a new position in Liquidity Services during the 4th quarter valued at about $132,000. Finally, GAMMA Investing LLC raised its position in Liquidity Services by 29.9% during 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 last quarter. Institutional investors own 71.15% of the company’s stock.

Analyst Ratings Changes

Several equities analysts recently weighed in on the stock. Barrington Research reaffirmed an “outperform” rating and issued a $40.00 price target on shares of Liquidity Services in a research report on Tuesday. StockNews.com downgraded shares of Liquidity Services from a “strong-buy” rating to a “buy” rating in a report on Friday, February 7th. Finally, Craig Hallum boosted their target price on Liquidity Services from $28.00 to $37.00 and gave the stock a “buy” rating in a research note 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.