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

Shares of Liquidity Services, Inc. (NASDAQ:LQDT - Get Free Report) hit a new 52-week high during trading on Thursday . The stock traded as high as $36.11 and last traded at $35.56, with a volume of 12273 shares trading hands. The stock had previously closed at $35.74.

Analyst Upgrades and Downgrades

LQDT has been the subject of a number of analyst reports. StockNews.com raised shares of Liquidity Services from a "buy" rating to a "strong-buy" rating in a report on Saturday, December 21st. Barrington Research reissued an "outperform" rating and set a $27.00 price target on shares of Liquidity Services in a research report on Tuesday, December 10th. Finally, Craig Hallum upped their price objective on Liquidity Services from $28.00 to $37.00 and gave the company a "buy" rating in a research report on Friday, December 13th.

Liquidity Services Stock Performance

The firm has a market cap of $1.06 billion, a PE ratio of 54.86 and a beta of 1.37. The stock has a 50-day simple moving average of $29.22 and a two-hundred day simple moving average of $24.34.

Insider Activity

In other Liquidity Services news, EVP John Daunt sold 4,546 shares of the stock in a transaction dated Tuesday, December 17th. The stock was sold at an average price of $31.68, for a total value of $144,017.28. Following the transaction, the executive vice president now owns 43,309 shares of the company's stock, valued at approximately $1,372,029.12. This represents a 9.50 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Edward Kolodzieski sold 2,000 shares of the business's stock in a transaction dated Monday, December 23rd. The shares were sold at an average price of $31.90, for a total value of $63,800.00. Following the sale, the director now owns 17,229 shares of the company's stock, valued at approximately $549,605.10. This represents a 10.40 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 101,668 shares of company stock valued at $3,331,558 over the last three months. Insiders own 29.77% of the company's stock.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the business. nVerses Capital LLC bought a new stake in shares of Liquidity Services during the 3rd quarter valued at $48,000. GAMMA Investing LLC lifted its position in Liquidity Services by 29.9% during the third 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 in the last quarter. Wesbanco Bank Inc. bought a new stake in Liquidity Services during the fourth quarter valued at about $226,000. Centiva Capital LP purchased a new stake in Liquidity Services in the third quarter worth about $260,000. Finally, SG Americas Securities LLC bought a new position in shares of Liquidity Services in the third quarter worth about $298,000. 71.15% of the stock is currently owned by institutional investors.

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.