Novelette Murray Sells 10,000 Shares of Liquidity Services, Inc. (NASDAQ:LQDT) Stock

Liquidity Services, Inc. (NASDAQ:LQDT) insider Novelette Murray sold 10,000 shares of the firm’s stock in a transaction on Wednesday, February 12th. The stock was sold at an average price of $34.88, for a total value of $348,800.00. Following the completion of the transaction, the insider now owns 44,119 shares in the company, valued at $1,538,870.72. This represents a 18.48 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Liquidity Services Trading Up 2.2 %

LQDT stock opened at $36.48 on Friday. The business’s 50-day moving average price is $33.29 and its two-hundred day moving average price is $26.45. The firm has a market cap of $1.12 billion, a PE ratio of 48.64 and a beta of 1.36. Liquidity Services, Inc. has a 1-year low of $16.58 and a 1-year high of $39.72.

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

Institutional Trading of Liquidity Services

Hedge funds and other institutional investors have recently modified their holdings of the company. Harvest Fund Management Co. Ltd acquired a new stake in shares of Liquidity Services in the 4th quarter valued at about $38,000. Quarry LP acquired a new stake in shares of Liquidity Services in the 4th quarter valued at about $47,000. nVerses Capital LLC acquired a new stake in shares of Liquidity Services in the 3rd quarter valued at about $48,000. Aquatic Capital Management LLC raised its stake in shares of Liquidity Services by 257.6% in the 4th quarter. Aquatic Capital Management LLC now owns 1,788 shares of the business services provider’s stock valued at $58,000 after purchasing an additional 1,288 shares during the period. Finally, R Squared Ltd acquired a new stake in shares of Liquidity Services in the 4th quarter valued at about $66,000. Institutional investors and hedge funds own 71.15% of the company’s stock.

Analyst Upgrades and Downgrades

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

About Liquidity Services

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.