Liquidity Services, Inc. (NASDAQ:LQDT) SVP Steven Weiskircher Sells 10,815 Shares

Liquidity Services, Inc. (NASDAQ:LQDT - Get Free Report) SVP Steven Weiskircher sold 10,815 shares of the business's stock in a transaction dated Monday, February 10th. The stock was sold at an average price of $33.99, for a total value of $367,601.85. Following the completion of the sale, the senior vice president now directly owns 58,401 shares of the company's stock, valued at $1,985,049.99. This represents a 15.63 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link.

Steven Weiskircher also recently made the following trade(s):

• On Wednesday, February 12th, Steven Weiskircher sold 5,000 shares of Liquidity Services stock. The shares were sold at an average price of $35.26, for a total value of $176,300.00.
• On Monday, December 16th, Steven Weiskircher sold 582 shares of Liquidity Services stock. The shares were sold at an average price of $33.31, for a total value of $19,386.42.

Liquidity Services Price Performance

Shares of LQDT traded up $0.77 during midday trading on Friday, hitting $36.48. The stock had a trading volume of 332,765 shares, compared to its average volume of 281,738. The company has a 50 day simple moving average of $33.29 and a two-hundred day simple moving average of $26.48. Liquidity Services, Inc. has a twelve month low of $16.58 and a twelve month high of $39.72. The firm has a market cap of $1.12 billion, a price-to-earnings ratio of 48.64 and a beta of 1.36.

Liquidity Services (NASDAQ:LQDT - Get Free Report) last released its quarterly earnings results on Thursday, February 6th. The business services provider reported $0.28 earnings per share (EPS) for the quarter, beating 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%.

Wall Street Analysts Forecast Growth

LQDT has been the subject of a number of recent analyst reports. Barrington Research reaffirmed an "outperform" rating and set a $40.00 price target on shares of Liquidity Services in a report on Tuesday, February 11th. Craig Hallum raised their price target on Liquidity Services from $28.00 to $37.00 and gave the stock a "buy" rating in a research report on Friday, December 13th. Finally, StockNews.com lowered Liquidity Services from a "strong-buy" rating to a "buy" rating in a research report on Friday, February 7th.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in LQDT. Pacer Advisors Inc. increased its holdings in Liquidity Services by 9.5% in the third quarter. Pacer Advisors Inc. now owns 881,234 shares of the business services provider's stock valued at $20,092,000 after purchasing an additional 76,794 shares during the period. State Street Corp increased its stake in Liquidity Services by 1.7% in the 3rd quarter. State Street Corp now owns 852,306 shares of the business services provider's stock valued at $19,433,000 after buying an additional 13,947 shares during the last quarter. Geode Capital Management LLC increased its stake in shares of 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 purchasing an additional 2,392 shares during the last quarter. Arrowstreet Capital Limited Partnership increased its stake in shares of Liquidity Services by 57.9% during the 4th 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. Finally, Rice Hall James & Associates LLC boosted its holdings in Liquidity Services by 1.3% in the 3rd quarter. Rice Hall James & Associates LLC now owns 367,302 shares of the business services provider's stock worth $8,374,000 after buying an additional 4,838 shares during the period. 71.15% of the stock is currently owned by institutional investors and hedge funds.

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.