Liquidity Services, Inc. (NASDAQ:LQDT) Director Sells $1,661,000.00 in Stock

Liquidity Services, Inc. (NASDAQ:LQDT) Director Jaime Mateus-Tique sold 50,000 shares of the business’s stock in a transaction on Monday, December 16th. The shares were sold at an average price of $33.22, for a total transaction of $1,661,000.00. Following the sale, the director now directly owns 103,660 shares of the company’s stock, valued at $3,443,585.20. This represents a 32.54 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link.

Liquidity Services Stock Performance

Shares of LQDT stock traded down $0.07 during mid-day trading on Wednesday, reaching $31.09. 368,948 shares of the company were exchanged, compared to its average volume of 135,426. The company has a market capitalization of $955.74 million, a P/E ratio of 49.35 and a beta of 1.42. The business’s 50 day simple moving average is $24.78 and its 200 day simple moving average is $22.41. Liquidity Services, Inc. has a fifty-two week low of $13.99 and a fifty-two week high of $36.00.

Institutional Trading of Liquidity Services

Several hedge funds and other institutional investors have recently bought and sold shares of LQDT. nVerses Capital LLC bought a new stake in shares of Liquidity Services in the 3rd quarter valued at approximately $48,000. Ashton Thomas Private Wealth LLC acquired a new position in shares of Liquidity Services in the 2nd quarter valued at about $87,000. 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 worth $99,000 after acquiring an additional 1,005 shares during the period. Centiva Capital LP bought a new position in Liquidity Services in the third quarter worth about $260,000. Finally, SG Americas Securities LLC acquired a new position in Liquidity Services in the third quarter valued at approximately $298,000. 71.15% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Several equities analysts have recently weighed in on the company. StockNews.com lowered Liquidity Services from a “strong-buy” rating to a “buy” rating in a research note on Friday, December 13th. Barrington Research reaffirmed an “outperform” rating and set a $27.00 price target on shares of Liquidity Services in a research report on Tuesday, December 10th. Finally, Craig Hallum increased their price objective on shares of Liquidity Services from $28.00 to $37.00 and gave the stock a “buy” rating in a research report on Friday, December 13th.

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.