Liquidity Services, Inc. (NASDAQ:LQDT) Director Beatriz V. Infante Sells 5,000 Shares

Liquidity Services, Inc. (NASDAQ:LQDT) Director Beatriz V. Infante sold 5,000 shares of Liquidity Services stock in a transaction that occurred on Thursday, February 20th. The shares were sold at an average price of $35.36, for a total transaction of $176,800.00. Following the completion of the sale, the director now owns 82,990 shares of the company’s stock, valued at approximately $2,934,526.40. The trade was a 5.68 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this link.

Liquidity Services Price Performance

Shares of LQDT opened at $34.31 on Monday. Liquidity Services, Inc. has a one year low of $16.79 and a one year high of $39.72. The company has a market cap of $1.06 billion, a P/E ratio of 45.75 and a beta of 1.36. The firm has a 50 day simple moving average of $33.96 and a two-hundred day simple moving average of $27.03.

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 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%.

Institutional Trading of Liquidity Services

Hedge funds and other institutional investors have recently modified their holdings of the stock. Royce & Associates LP bought a new stake in shares of Liquidity Services during the third quarter worth $488,000. Barclays PLC grew its stake in shares of Liquidity Services by 307.3% during the third quarter. Barclays PLC now owns 39,427 shares of the business services provider’s stock worth $899,000 after buying an additional 29,746 shares during the last quarter. JPMorgan Chase & Co. grew its stake in shares of Liquidity Services by 102.7% during the third quarter. JPMorgan Chase & Co. now owns 59,927 shares of the business services provider’s stock worth $1,366,000 after buying an additional 30,360 shares during the last quarter. Allspring Global Investments Holdings LLC bought a new stake in shares of Liquidity Services during the third quarter worth $1,311,000. Finally, Intech Investment Management LLC bought a new stake in shares of Liquidity Services during the third quarter worth $518,000. Institutional investors own 71.15% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts have recently weighed in on LQDT shares. Craig Hallum lifted their price target on shares of Liquidity Services from $28.00 to $37.00 and gave the company a “buy” rating in a research report on Friday, December 13th. Barrington Research reiterated an “outperform” rating and issued a $40.00 price target on shares of Liquidity Services in a research report on Tuesday, February 11th. Finally, StockNews.com downgraded shares of Liquidity Services from a “strong-buy” rating to a “buy” rating in a research report on Wednesday, February 19th.

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.