Mark A. Shaffer Sells 3,633 Shares of Liquidity Services, Inc. (NASDAQ:LQDT) Stock

Liquidity Services, Inc. (NASDAQ:LQDT - Get Free Report) VP Mark A. Shaffer sold 3,633 shares of Liquidity Services stock in a transaction that occurred on Monday, February 10th. The shares were sold at an average price of $34.70, for a total transaction of $126,065.10. Following the completion of the sale, the vice president now owns 46,200 shares of the company's stock, valued at $1,603,140. This trade represents a 7.29 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink.

Liquidity Services Stock Performance

Shares of Liquidity Services stock traded up $0.77 on Friday, reaching $36.48. The stock had a trading volume of 332,765 shares, compared to its average volume of 281,738. The stock has a market cap of $1.12 billion, a P/E ratio of 48.64 and a beta of 1.36. Liquidity Services, Inc. has a fifty-two week low of $16.58 and a fifty-two week high of $39.72. The business's 50-day moving average price is $33.29 and its two-hundred day moving average price is $26.48.

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

Wall Street Analyst Weigh In

A number of analysts have recently weighed in on LQDT shares. StockNews.com cut shares of Liquidity Services from a "strong-buy" rating to a "buy" rating in a research note on Friday, February 7th. Craig Hallum boosted their price objective on shares of Liquidity Services from $28.00 to $37.00 and gave the stock a "buy" rating in a research note on Friday, December 13th. Finally, Barrington Research restated an "outperform" rating and issued a $40.00 price objective on shares of Liquidity Services in a research note on Tuesday, February 11th.

Hedge Funds Weigh In On Liquidity Services

Several large investors have recently bought and sold shares of LQDT. SG Americas Securities LLC acquired a new position in Liquidity Services during the 3rd quarter valued at $298,000. GAMMA Investing LLC increased its holdings in Liquidity Services by 29.9% in the 3rd quarter. GAMMA Investing LLC now owns 4,362 shares of the business services provider's stock valued at $99,000 after buying an additional 1,005 shares during the period. nVerses Capital LLC bought a new stake in Liquidity Services in the 3rd quarter valued at $48,000. Allspring Global Investments Holdings LLC bought a new stake in Liquidity Services in the 3rd quarter valued at $1,311,000. Finally, Assenagon Asset Management S.A. increased its holdings in Liquidity Services by 4.9% in the 3rd quarter. Assenagon Asset Management S.A. now owns 237,725 shares of the business services provider's stock valued at $5,420,000 after buying an additional 11,022 shares during the period. 71.15% of the stock is currently owned by institutional investors and hedge funds.

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.