Key Points
- Liquidity Services EVP John Daunt sold 715 shares at an average price of $39, generating $27,885. After the transaction, he retained 38,086 shares, a 1.84% reduction in his ownership.
- LQDT opened at $37.54, down 1.8%, but remains near its 52-week high of $41.28. The company recently reported quarterly EPS of $0.35, beating the $0.30 consensus estimate.
- Institutional investors own 71.15% of the company, with several major funds increasing their stakes. Analysts maintain a “Moderate Buy” consensus rating and an average price target of $44.00.
Liquidity Services, Inc. (NASDAQ:LQDT - Get Free Report) EVP John Daunt sold 715 shares of the firm's stock in a transaction dated Monday, August 3rd. The shares were sold at an average price of $39.00, for a total value of $27,885.00. Following the completion of the sale, the executive vice president owned 38,086 shares of the company's stock, valued at approximately $1,485,354. This represents a 1.84% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website.
John Daunt also recently made the following trade(s):
- On Wednesday, July 1st, John Daunt sold 462 shares of Liquidity Services stock. The stock was sold at an average price of $39.13, for a total value of $18,078.06.
- On Friday, June 26th, John Daunt sold 39 shares of Liquidity Services stock. The stock was sold at an average price of $39.09, for a total value of $1,524.51.
- On Wednesday, June 24th, John Daunt sold 10,139 shares of Liquidity Services stock. The shares were sold at an average price of $39.24, for a total value of $397,854.36.
Liquidity Services Stock Down 1.8%
NASDAQ LQDT opened at $37.54 on Thursday. Liquidity Services, Inc. has a 52 week low of $21.67 and a 52 week high of $41.28. The business has a 50 day moving average price of $38.15 and a 200-day moving average price of $34.37. The company has a market cap of $1.17 billion, a price-to-earnings ratio of 40.37 and a beta of 1.10.
Liquidity Services (NASDAQ:LQDT - Get Free Report) last posted its quarterly earnings results on Thursday, May 7th. The business services provider reported $0.35 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.30 by $0.05. Liquidity Services had a net margin of 6.30% and a return on equity of 18.49%. The business had revenue of $120.73 million during the quarter, compared to the consensus estimate of $52.86 million. On average, equities research analysts anticipate that Liquidity Services, Inc. will post 1 earnings per share for the current year.
Institutional Investors Weigh In On Liquidity Services
Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Ameriprise Financial Inc. increased its position in shares of Liquidity Services by 55.1% during the 2nd quarter. Ameriprise Financial Inc. now owns 1,281,332 shares of the business services provider's stock valued at $30,227,000 after purchasing an additional 454,988 shares during the last quarter. Punch & Associates Investment Management Inc. boosted its holdings in shares of Liquidity Services by 38.9% in the 3rd 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 last quarter. Millennium Management LLC boosted its holdings in shares of Liquidity Services by 141.9% in the 3rd 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 last quarter. Marshall Wace LLP grew its position in Liquidity Services by 835.0% during the second quarter. Marshall Wace LLP now owns 181,535 shares of the business services provider's stock valued at $4,282,000 after buying an additional 162,120 shares during the period. Finally, Qube Research & Technologies Ltd grew its position in Liquidity Services by 120.7% during the second quarter. Qube Research & Technologies Ltd now owns 283,301 shares of the business services provider's stock valued at $6,683,000 after buying an additional 154,925 shares during the period. Hedge funds and other institutional investors own 71.15% of the company's stock.
Wall Street Analyst Weigh In
LQDT has been the subject of several recent research reports. Zacks Research raised shares of Liquidity Services from a "strong sell" rating to a "hold" rating in a research report on Tuesday, July 28th. Weiss Ratings upgraded Liquidity Services from a "hold (c+)" rating to a "buy (b-)" rating in a report on Wednesday, June 24th. Barrington Research reaffirmed an "outperform" rating and set a $44.00 target price on shares of Liquidity Services in a research report on Thursday, May 21st. Finally, Wall Street Zen raised Liquidity Services from a "buy" rating to a "strong-buy" rating in a research report on Monday, July 20th. Two investment analysts have rated the stock with a Buy rating and one has issued a Hold rating to the stock. According to data from MarketBeat.com, Liquidity Services presently has a consensus rating of "Moderate Buy" and an average price target of $44.00.
View Our Latest Stock Report on Liquidity Services
Liquidity Services Company Profile
(
Get Free Report)
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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