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

Liquidity Services, Inc. (NASDAQ:LQDT - Get Free Report) VP Mark A. Shaffer sold 3,633 shares of the firm's stock in a transaction 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 sale, the vice president now directly owns 46,200 shares of the company's stock, valued at approximately $1,603,140. The trade was a 7.29 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink.

Liquidity Services Stock Performance

Shares of LQDT stock traded up $0.77 during midday trading on Friday, reaching $36.48. 332,765 shares of the company were exchanged, compared to its average volume of 281,738. Liquidity Services, Inc. has a 12 month low of $16.58 and a 12 month high of $39.72. The company has a market cap of $1.12 billion, a P/E ratio of 48.64 and a beta of 1.36. The company'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 announced its quarterly earnings data on Thursday, February 6th. The business services provider reported $0.28 earnings per share (EPS) for the quarter, topping 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%.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Pacer Advisors Inc. lifted its stake in Liquidity Services by 9.5% in the third quarter. Pacer Advisors Inc. now owns 881,234 shares of the business services provider's stock valued at $20,092,000 after acquiring an additional 76,794 shares during the last quarter. State Street Corp lifted its stake in shares of Liquidity Services by 1.7% in the third quarter. State Street Corp now owns 852,306 shares of the business services provider's stock worth $19,433,000 after buying an additional 13,947 shares during the last quarter. Geode Capital Management LLC lifted its stake in shares of Liquidity Services by 0.5% in the third quarter. Geode Capital Management LLC now owns 515,584 shares of the business services provider's stock worth $11,757,000 after buying an additional 2,392 shares during the last quarter. Arrowstreet Capital Limited Partnership lifted its stake in shares of Liquidity Services by 57.9% in the fourth quarter. Arrowstreet Capital Limited Partnership now owns 457,351 shares of the business services provider's stock worth $14,768,000 after buying an additional 167,767 shares during the last quarter. Finally, Rice Hall James & Associates LLC lifted its stake in shares of Liquidity Services by 1.3% in the third quarter. Rice Hall James & Associates LLC now owns 367,302 shares of the business services provider's stock worth $8,374,000 after buying an additional 4,838 shares during the last quarter. 71.15% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several research analysts have weighed in on the stock. StockNews.com lowered shares of Liquidity Services from a "strong-buy" rating to a "buy" rating in a report on Friday, February 7th. Barrington Research reissued an "outperform" rating and set a $40.00 price objective on shares of Liquidity Services in a report on Tuesday, February 11th. Finally, Craig Hallum raised their price target on shares of Liquidity Services from $28.00 to $37.00 and gave the stock a "buy" rating in a research report 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.