Liquidity Services, Inc. (NASDAQ:LQDT) Director Sells $1,117,550.00 in Stock

Liquidity Services, Inc. (NASDAQ:LQDT - Get Free Report) Director Jaime Mateus-Tique sold 35,000 shares of Liquidity Services stock in a transaction that occurred on Monday, March 24th. The stock was sold at an average price of $31.93, for a total value of $1,117,550.00. Following the transaction, the director now owns 298,262 shares of the company's stock, valued at $9,523,505.66. This represents a 10.50 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.

Liquidity Services Price Performance

LQDT traded up $0.21 during trading on Friday, hitting $31.39. The company's stock had a trading volume of 298,635 shares, compared to its average volume of 186,904. Liquidity Services, Inc. has a twelve month low of $16.79 and a twelve month high of $39.72. The firm's 50 day moving average price is $33.28 and its 200-day moving average price is $28.70. The stock has a market cap of $974.31 million, a PE ratio of 41.85 and a beta of 1.26.

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

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Institutional Trading of Liquidity Services

A number of institutional investors have recently modified their holdings of LQDT. Intech Investment Management LLC acquired a new position in Liquidity Services in the 3rd quarter worth $518,000. Charles Schwab Investment Management Inc. boosted its stake in shares of Liquidity Services by 3.2% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 202,276 shares of the business services provider's stock valued at $4,612,000 after buying an additional 6,341 shares during the last quarter. Dynamic Technology Lab Private Ltd acquired a new stake in shares of Liquidity Services during the third quarter worth approximately $496,000. BNP Paribas Financial Markets grew its position in shares of Liquidity Services by 31.2% during the third quarter. BNP Paribas Financial Markets now owns 24,912 shares of the business services provider's stock worth $568,000 after buying an additional 5,929 shares in the last quarter. Finally, Centiva Capital LP acquired a new stake in Liquidity Services in the third quarter valued at $260,000. Hedge funds and other institutional investors own 71.15% of the company's stock.

Analysts Set New Price Targets

A number of equities analysts have recently weighed in on the company. StockNews.com cut Liquidity Services from a "strong-buy" rating to a "buy" rating in a report on Tuesday, March 4th. Craig Hallum boosted their target price on shares of Liquidity Services from $28.00 to $37.00 and gave the company a "buy" rating in a research note on Friday, December 13th. Finally, Barrington Research restated an "outperform" rating and issued a $40.00 target price on shares of Liquidity Services in a report on Wednesday, March 19th.

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.