Liquidity Services, Inc. (NASDAQ:LQDT) EVP John Daunt Sells 2,767 Shares

Liquidity Services, Inc. (NASDAQ:LQDT) EVP John Daunt sold 2,767 shares of the stock in a transaction dated Monday, February 10th. The shares were sold at an average price of $33.42, for a total transaction of $92,473.14. Following the transaction, the executive vice president now owns 43,309 shares of the company’s stock, valued at approximately $1,447,386.78. The trade was a 6.01 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website.

John Daunt also recently made the following trade(s):

• On Tuesday, December 17th, John Daunt sold 4,546 shares of Liquidity Services stock. The shares were sold at an average price of $31.68, for a total transaction of $144,017.28.

Liquidity Services Stock Up 3.5 %

NASDAQ LQDT opened at $35.55 on Thursday. The firm has a market cap of $1.10 billion, a P/E ratio of 47.40 and a beta of 1.36. The company’s 50 day moving average is $32.85 and its 200-day moving average is $26.29. Liquidity Services, Inc. has a 12-month low of $15.79 and a 12-month high of $39.72.

Liquidity Services (NASDAQ:LQDT) last issued its earnings results on Thursday, February 6th. The business services provider reported $0.28 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.22 by $0.06. Liquidity Services had a net margin of 6.37% and a return on equity of 20.94%.

Wall Street Analysts Forecast Growth

LQDT has been the topic of a number of research reports. Craig Hallum lifted their price target on shares of Liquidity Services from $28.00 to $37.00 and gave the stock a “buy” rating in a report on Friday, December 13th. StockNews.com lowered Liquidity Services from a “strong-buy” rating to a “buy” rating in a research note on Friday, February 7th. Finally, Barrington Research reiterated an “outperform” rating and set a $40.00 price target on shares of Liquidity Services in a research note on Tuesday.

Institutional Trading of Liquidity Services

Institutional investors have recently added to or reduced their stakes in the stock. Arrowstreet Capital Limited Partnership grew its holdings in 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 valued at $14,768,000 after buying an additional 167,767 shares in the last quarter. Royce & Associates LP increased its holdings in Liquidity Services by 561.2% during the 4th quarter. Royce & Associates LP now owns 141,649 shares of the business services provider’s stock worth $4,574,000 after acquiring an additional 120,226 shares during the period. Connor Clark & Lunn Investment Management Ltd. purchased a new stake in Liquidity Services in the 4th quarter worth approximately $2,743,000. JPMorgan Chase & Co. lifted its stake in Liquidity Services by 140.4% in the 4th quarter. JPMorgan Chase & Co. now owns 144,081 shares of the business services provider’s stock worth $4,652,000 after purchasing an additional 84,154 shares in the last quarter. Finally, Pacer Advisors Inc. boosted its holdings in Liquidity Services by 9.5% in the 3rd 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. Hedge funds and other institutional investors own 71.15% of the company’s stock.

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.