Liquidity Services, Inc. (NASDAQ:LQDT - Get Free Report)'s stock price crossed above its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of $20.22 and traded as high as $22.59. Liquidity Services shares last traded at $22.50, with a volume of 53,394 shares trading hands.
Analysts Set New Price Targets
Separately, Barrington Research reissued an "outperform" rating and issued a $27.00 price objective on shares of Liquidity Services in a research note on Monday, August 26th.
Check Out Our Latest Research Report on Liquidity Services
Liquidity Services Stock Performance
The company's 50-day simple moving average is $22.05 and its 200 day simple moving average is $20.22. The company has a market cap of $686.93 million, a PE ratio of 35.71 and a beta of 1.38.
Liquidity Services (NASDAQ:LQDT - Get Free Report) last announced its quarterly earnings data on Thursday, August 8th. The business services provider reported $0.30 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.24 by $0.06. Liquidity Services had a return on equity of 18.47% and a net margin of 5.91%. The business had revenue of $93.61 million during the quarter. During the same quarter in the previous year, the business posted $0.28 EPS.
Insider Buying and Selling at Liquidity Services
In other news, SVP Steven Weiskircher sold 20,045 shares of the firm's stock in a transaction dated Friday, August 23rd. The stock was sold at an average price of $21.80, for a total transaction of $436,981.00. Following the sale, the senior vice president now owns 80,097 shares of the company's stock, valued at approximately $1,746,114.60. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other news, SVP Steven Weiskircher sold 20,045 shares of Liquidity Services stock in a transaction on Friday, August 23rd. The shares were sold at an average price of $21.80, for a total value of $436,981.00. Following the transaction, the senior vice president now directly owns 80,097 shares of the company's stock, valued at $1,746,114.60. The trade was a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, VP Mark A. Shaffer sold 7,673 shares of the stock in a transaction that occurred on Wednesday, August 21st. The stock was sold at an average price of $21.94, for a total value of $168,345.62. Following the sale, the vice president now directly owns 46,461 shares of the company's stock, valued at $1,019,354.34. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 157,345 shares of company stock worth $3,462,918 over the last ninety days. Corporate insiders own 29.77% of the company's stock.
Institutional Trading of Liquidity Services
Large investors have recently made changes to their positions in the stock. Willis Investment Counsel increased its position in Liquidity Services by 5.7% during the third quarter. Willis Investment Counsel now owns 51,520 shares of the business services provider's stock worth $1,175,000 after purchasing an additional 2,795 shares during the last quarter. Essex Investment Management Co. LLC bought a new stake in shares of Liquidity Services in the third quarter worth $2,749,000. GAMMA Investing LLC raised its stake 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 buying an additional 1,005 shares in the last quarter. SG Americas Securities LLC bought a new position in Liquidity Services during the third quarter worth $298,000. Finally, Public Sector Pension Investment Board grew its position in shares of Liquidity Services by 5.2% during the 2nd quarter. Public Sector Pension Investment Board now owns 48,925 shares of the business services provider's stock valued at $978,000 after buying an additional 2,430 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.
Featured Articles
Before you consider Liquidity Services, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Liquidity Services wasn't on the list.
While Liquidity Services currently has a "Buy" rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Click the link below and we'll send you MarketBeat's list of seven stocks and why their long-term outlooks are very promising.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
