Liquidity Services, Inc. (NASDAQ:LQDT – Get Free Report) CFO Jorge Celaya sold 9,951 shares of the stock in a transaction that occurred on Monday, June 1st. The shares were sold at an average price of $36.79, for a total value of $366,097.29. Following the transaction, the chief financial officer owned 66,895 shares of the company’s stock, valued at approximately $2,461,067.05. This trade represents a 12.95% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink.
Jorge Celaya also recently made the following trade(s):
- On Thursday, May 28th, Jorge Celaya sold 6,098 shares of Liquidity Services stock. The shares were sold at an average price of $36.40, for a total value of $221,967.20.
- On Tuesday, May 26th, Jorge Celaya sold 11,303 shares of Liquidity Services stock. The shares were sold at an average price of $35.24, for a total value of $398,317.72.
- On Wednesday, May 27th, Jorge Celaya sold 5,320 shares of Liquidity Services stock. The shares were sold at an average price of $36.06, for a total value of $191,839.20.
Liquidity Services Trading Up 0.8%
Liquidity Services stock opened at $37.23 on Friday. The stock has a market cap of $1.16 billion, a P/E ratio of 40.03 and a beta of 1.09. The stock has a 50 day moving average of $34.00 and a 200-day moving average of $31.84. Liquidity Services, Inc. has a 52 week low of $21.67 and a 52 week high of $38.83.
Institutional Investors Weigh In On Liquidity Services
Several large investors have recently added to or reduced their stakes in LQDT. Ameriprise Financial Inc. increased its position in Liquidity Services by 55.1% in the second quarter. Ameriprise Financial Inc. now owns 1,281,332 shares of the business services provider’s stock worth $30,227,000 after buying an additional 454,988 shares during the period. Punch & Associates Investment Management Inc. increased its position in Liquidity Services by 38.9% in the third quarter. Punch & Associates Investment Management Inc. now owns 909,743 shares of the business services provider’s stock worth $24,954,000 after buying an additional 254,875 shares during the period. Millennium Management LLC increased its position in Liquidity Services by 141.9% in the third quarter. Millennium Management LLC now owns 357,707 shares of the business services provider’s stock worth $9,812,000 after buying an additional 209,807 shares during the period. Marshall Wace LLP increased its position in Liquidity Services by 835.0% in the second quarter. Marshall Wace LLP now owns 181,535 shares of the business services provider’s stock worth $4,282,000 after buying an additional 162,120 shares during the period. Finally, Qube Research & Technologies Ltd increased its position in Liquidity Services by 120.7% in the second quarter. Qube Research & Technologies Ltd now owns 283,301 shares of the business services provider’s stock worth $6,683,000 after buying an additional 154,925 shares during the period. 71.15% of the stock is owned by institutional investors and hedge funds.
Wall Street Analysts Forecast Growth
Several equities analysts have recently commented on LQDT shares. Weiss Ratings upgraded Liquidity Services from a “hold (c)” rating to a “hold (c+)” rating in a research note on Thursday, May 7th. Barrington Research reiterated an “outperform” rating and set a $44.00 target price on shares of Liquidity Services in a research note on Thursday, May 21st. Wall Street Zen cut Liquidity Services from a “strong-buy” rating to a “buy” rating in a research note on Saturday. Finally, Zacks Research lowered Liquidity Services from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, April 7th. One analyst has rated the stock with a Buy rating and two have assigned a Hold rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of $44.00.
View Our Latest Analysis on Liquidity Services
About Liquidity Services
Liquidity Services, Inc is a technology-driven provider of online marketplaces for surplus and remarketed assets. Through its wholly owned platforms—such as Liquidation.com, GovDeals, Machinio and GoIndustry DoveBid—the company connects sellers of industrial equipment, commercial inventory, government surplus and transportation assets with a broad base of registered buyers. Its solutions blend auction formats, fixed-price listings and managed-service offerings to support efficient asset disposition across a wide range of industries.
The company’s core services include asset valuation, marketing, inspection and logistics coordination.
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