Liquidity Services, Inc. (NASDAQ:LQDT) SVP Sells $176,300.00 in Stock

Liquidity Services, Inc. (NASDAQ:LQDT - Get Free Report) SVP Steven Weiskircher sold 5,000 shares of Liquidity Services stock in a transaction that occurred on Wednesday, February 12th. The stock was sold at an average price of $35.26, for a total value of $176,300.00. Following the completion of the transaction, the senior vice president now directly owns 44,575 shares in the company, valued at approximately $1,571,714.50. This represents a 10.09 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.

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

• On Monday, February 10th, Steven Weiskircher sold 10,815 shares of Liquidity Services stock. The shares were sold at an average price of $33.99, for a total value of $367,601.85.
• 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 Trading Up 2.2 %

Shares of LQDT traded up $0.77 during mid-day trading on Friday, hitting $36.48. 332,765 shares of the company's stock were exchanged, compared to its average volume of 281,738. The firm has a market capitalization of $1.12 billion, a P/E ratio of 48.64 and a beta of 1.36. Liquidity Services, Inc. has a fifty-two week low of $16.58 and a fifty-two week high of $39.72. The business's 50 day moving average is $33.29 and its two-hundred day moving average is $26.48.

Liquidity Services (NASDAQ:LQDT - Get Free Report) last released its earnings results 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 net margin of 6.37% and a return on equity of 20.94%.

Institutional Investors Weigh In On Liquidity Services

Large investors have recently made changes to their positions in the company. Royce & Associates LP acquired a new position in Liquidity Services in the 3rd quarter worth approximately $488,000. Barclays PLC grew its stake in Liquidity Services by 307.3% during the third quarter. Barclays PLC now owns 39,427 shares of the business services provider's stock worth $899,000 after buying an additional 29,746 shares during the last quarter. JPMorgan Chase & Co. grew its stake in Liquidity Services by 102.7% during the third quarter. JPMorgan Chase & Co. now owns 59,927 shares of the business services provider's stock worth $1,366,000 after buying an additional 30,360 shares during the last quarter. Allspring Global Investments Holdings LLC acquired a new position in shares of Liquidity Services during the third quarter worth approximately $1,311,000. Finally, Intech Investment Management LLC acquired a new position in Liquidity Services in the third quarter valued at approximately $518,000. Institutional investors and hedge funds own 71.15% of the company's stock.

Wall Street Analysts Forecast Growth

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

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.