Liquidity Services, Inc. (NASDAQ:LQDT - Get Free Report) passed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $19.99 and traded as high as $22.85. Liquidity Services shares last traded at $22.80, with a volume of 102,950 shares.
Analyst Upgrades and Downgrades
Separately, Barrington Research reaffirmed an "outperform" rating and issued a $27.00 price target on shares of Liquidity Services in a research note on Monday, August 26th.
Check Out Our Latest Research Report on LQDT
Liquidity Services Stock Down 1.5 %
The firm has a market cap of $684.32 million, a PE ratio of 34.34 and a beta of 1.37. The firm has a 50-day moving average price of $22.00 and a two-hundred day moving average price of $19.99.
Liquidity Services (NASDAQ:LQDT - Get Free Report) last posted its earnings results on Thursday, August 8th. The business services provider reported $0.30 EPS for the quarter, beating analysts' consensus estimates of $0.24 by $0.06. Liquidity Services had a net margin of 5.91% and a return on equity of 18.47%. The company had revenue of $93.61 million for the quarter. During the same period in the previous year, the company earned $0.28 EPS.
Insider Activity at Liquidity Services
In other news, VP Mark A. Shaffer sold 13,314 shares of the firm's stock in a transaction that occurred on Monday, August 19th. The shares were sold at an average price of $22.56, for a total transaction of $300,363.84. Following the transaction, the vice president now directly owns 38,415 shares in the company, valued at $866,642.40. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. In other news, CFO Jorge Celaya sold 10,000 shares of the firm's stock in a transaction on Thursday, September 12th. The shares were sold at an average price of $22.03, for a total value of $220,300.00. Following the completion of the sale, the chief financial officer now owns 52,407 shares in the company, valued at approximately $1,154,526.21. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, VP Mark A. Shaffer sold 13,314 shares of the business's stock in a transaction dated Monday, August 19th. The stock was sold at an average price of $22.56, for a total transaction of $300,363.84. Following the transaction, the vice president now owns 38,415 shares in the company, valued at $866,642.40. The disclosure for this sale can be found here. Insiders sold 157,345 shares of company stock valued at $3,462,918 over the last three months. 29.77% of the stock is owned by corporate insiders.
Institutional Investors Weigh In On Liquidity Services
Institutional investors have recently added to or reduced their stakes in the business. Dimensional Fund Advisors LP lifted its holdings in shares of Liquidity Services by 0.7% in the 4th quarter. Dimensional Fund Advisors LP now owns 1,140,649 shares of the business services provider's stock valued at $19,630,000 after buying an additional 7,868 shares during the period. Campbell & CO Investment Adviser LLC increased its position in shares of Liquidity Services by 16.9% in the fourth quarter. Campbell & CO Investment Adviser LLC now owns 48,967 shares of the business services provider's stock valued at $843,000 after buying an additional 7,069 shares in the last quarter. Wellington Management Group LLP boosted its position in shares of Liquidity Services by 1.0% in the 4th quarter. Wellington Management Group LLP now owns 419,600 shares of the business services provider's stock worth $7,221,000 after buying an additional 4,100 shares in the last quarter. Sei Investments Co. grew its stake in Liquidity Services by 8.4% in the 1st quarter. Sei Investments Co. now owns 182,150 shares of the business services provider's stock valued at $3,388,000 after acquiring an additional 14,083 shares during the last quarter. Finally, Jupiter Asset Management Ltd. purchased a new position in Liquidity Services during the 1st quarter valued at about $202,000. Hedge funds and other institutional investors 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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