Shares of Liquidity Services, Inc. (NASDAQ:LQDT - Get Free Report) gapped down prior to trading on Friday . The stock had previously closed at $30.63, but opened at $29.96. Liquidity Services shares last traded at $30.19, with a volume of 30,131 shares changing hands.
Analyst Ratings Changes
Several equities analysts have commented on LQDT shares. Craig Hallum increased their price objective on shares of Liquidity Services from $28.00 to $37.00 and gave the company a "buy" rating in a research report on Friday, December 13th. StockNews.com cut shares of Liquidity Services from a "strong-buy" rating to a "buy" rating in a research report on Tuesday, March 4th. Finally, Barrington Research reiterated an "outperform" rating and issued a $40.00 price target on shares of Liquidity Services in a research report on Tuesday, February 11th.
Read Our Latest Stock Report on Liquidity Services
Liquidity Services Price Performance
The business has a 50-day moving average of $34.04 and a 200-day moving average of $27.81. The company has a market capitalization of $915.34 million, a P/E ratio of 39.31 and a beta of 1.26.
Liquidity Services (NASDAQ:LQDT - Get Free Report) last released its earnings results 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%.
Insider Buying and Selling at Liquidity Services
In related news, Director Jaime Mateus-Tique sold 50,000 shares of the company's stock in a transaction on Monday, December 16th. The stock was sold at an average price of $33.22, for a total transaction of $1,661,000.00. Following the completion of the sale, the director now directly owns 103,660 shares in the company, valued at $3,443,585.20. This represents a 32.54 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this link. Also, CFO Jorge Celaya sold 16,540 shares of the stock in a transaction that occurred on Monday, December 16th. The shares were sold at an average price of $34.10, for a total transaction of $564,014.00. Following the sale, the chief financial officer now directly owns 33,608 shares of the company's stock, valued at $1,146,032.80. The trade was a 32.98 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 170,326 shares of company stock valued at $5,710,365 in the last three months. Company insiders own 28.40% of the company's stock.
Institutional Inflows and Outflows
A number of hedge funds have recently bought and sold shares of the stock. Pacer Advisors Inc. grew its holdings in shares of Liquidity Services by 9.5% during the third quarter. Pacer Advisors Inc. now owns 881,234 shares of the business services provider's stock valued at $20,092,000 after buying an additional 76,794 shares during the last quarter. State Street Corp lifted its holdings in shares of Liquidity Services by 1.7% during the third quarter. State Street Corp now owns 852,306 shares of the business services provider's stock worth $19,433,000 after purchasing an additional 13,947 shares during the period. Ameriprise Financial Inc. increased its holdings in Liquidity Services by 651.4% in the 4th quarter. Ameriprise Financial Inc. now owns 798,688 shares of the business services provider's stock worth $25,790,000 after buying an additional 692,390 shares during the period. Geode Capital Management LLC raised its position in Liquidity Services by 0.5% during the 3rd 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. Finally, Arrowstreet Capital Limited Partnership raised its holdings in shares of Liquidity Services by 57.9% during the fourth quarter. Arrowstreet Capital Limited Partnership now owns 457,351 shares of the business services provider's stock worth $14,768,000 after purchasing an additional 167,767 shares during the last quarter. Institutional investors and hedge funds own 71.15% of the company's stock.
About Liquidity Services
(
Get Free Report)
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.
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