Liquidity Services, Inc. (NASDAQ:LQDT) Insider Sells $269,574.48 in Stock

Liquidity Services, Inc. (NASDAQ:LQDT - Get Free Report) insider Novelette Murray sold 7,938 shares of the business's stock in a transaction on Tuesday, February 25th. The shares were sold at an average price of $33.96, for a total transaction of $269,574.48. Following the sale, the insider now owns 36,181 shares of the company's stock, valued at approximately $1,228,706.76. This represents a 17.99 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link.

Novelette Murray also recently made the following trade(s):

• On Wednesday, February 12th, Novelette Murray sold 10,000 shares of Liquidity Services stock. The shares were sold at an average price of $34.88, for a total transaction of $348,800.00.

Liquidity Services Price Performance

Shares of NASDAQ:LQDT traded down $1.89 during midday trading on Monday, hitting $31.59. The company had a trading volume of 362,266 shares, compared to its average volume of 338,759. The company has a market cap of $980.52 million, a price-to-earnings ratio of 42.12 and a beta of 1.36. Liquidity Services, Inc. has a 12-month low of $16.79 and a 12-month high of $39.72. The company has a fifty day moving average of $34.16 and a two-hundred day moving average of $27.50.

Liquidity Services (NASDAQ:LQDT - Get Free Report) last posted its quarterly earnings data on Thursday, February 6th. The business services provider reported $0.28 EPS for the quarter, topping the consensus estimate of $0.22 by $0.06. Liquidity Services had a return on equity of 20.94% and a net margin of 6.37%.

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Analyst Ratings Changes

A number of equities research analysts have weighed in on LQDT shares. Barrington Research reiterated an "outperform" rating and set a $40.00 target price on shares of Liquidity Services in a research note on Tuesday, February 11th. StockNews.com lowered shares of Liquidity Services from a "strong-buy" rating to a "buy" rating in a research note on Wednesday, February 19th. Finally, Craig Hallum boosted their target price on shares of Liquidity Services from $28.00 to $37.00 and gave the company a "buy" rating in a research note on Friday, December 13th.

Institutional Investors Weigh In On Liquidity Services

Several hedge funds and other institutional investors have recently modified their holdings of the stock. Harvest Fund Management Co. Ltd bought a new stake in Liquidity Services during the fourth quarter valued at about $38,000. Quarry LP bought a new stake in Liquidity Services during the fourth quarter valued at about $47,000. Aquatic Capital Management LLC raised its holdings in Liquidity Services by 257.6% during the fourth quarter. Aquatic Capital Management LLC now owns 1,788 shares of the business services provider's stock valued at $58,000 after acquiring an additional 1,288 shares during the period. R Squared Ltd bought a new stake in Liquidity Services during the fourth quarter valued at about $66,000. Finally, KLP Kapitalforvaltning AS bought a new stake in Liquidity Services during the fourth quarter valued at about $132,000. 71.15% of the stock is currently owned by hedge funds and other institutional investors.

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.