Insider Selling: Liquidity Services, Inc. (NASDAQ:LQDT) SVP Sells $367,601.85 in Stock

Liquidity Services, Inc. (NASDAQ:LQDT) SVP Steven Weiskircher sold 10,815 shares of the firm’s stock in a transaction on Monday, February 10th. The stock was sold at an average price of $33.99, for a total transaction of $367,601.85. Following the completion of the transaction, the senior vice president now directly owns 58,401 shares of the company’s stock, valued at approximately $1,985,049.99. This represents a 15.63 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link.

Steven Weiskircher also recently made the following trade(s):

• On Wednesday, February 12th, Steven Weiskircher sold 5,000 shares of Liquidity Services stock. The stock was sold at an average price of $35.26, for a total transaction of $176,300.00.
• On Monday, December 16th, Steven Weiskircher sold 582 shares of Liquidity Services stock. The stock was sold at an average price of $33.31, for a total transaction of $19,386.42.

Liquidity Services Price Performance

Shares of Liquidity Services stock opened at $36.48 on Friday. The firm has a fifty day moving average price of $33.29 and a 200 day moving average price of $26.45. Liquidity Services, Inc. has a 1 year low of $16.58 and a 1 year high of $39.72. The stock has a market cap of $1.12 billion, a PE ratio of 48.64 and a beta of 1.36.

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, topping the consensus estimate of $0.22 by $0.06. Liquidity Services had a net margin of 6.37% and a return on equity of 20.94%.

Analysts Set New Price Targets

A number of research firms have issued reports on LQDT. Barrington Research reaffirmed an “outperform” rating and issued a $40.00 price target on shares of Liquidity Services in a report on Tuesday. StockNews.com cut shares of Liquidity Services from a “strong-buy” rating to a “buy” rating in a report on Friday, February 7th. Finally, Craig Hallum raised their target price 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.

Institutional Trading of Liquidity Services

Several hedge funds and other institutional investors have recently added to or reduced their stakes in LQDT. SG Americas Securities LLC acquired a new stake in Liquidity Services during the third quarter valued at $298,000. GAMMA Investing LLC grew its position 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 valued at $99,000 after buying an additional 1,005 shares during the period. nVerses Capital LLC acquired a new stake in Liquidity Services during the third quarter valued at $48,000. Allspring Global Investments Holdings LLC acquired a new stake in Liquidity Services during the third quarter valued at $1,311,000. Finally, Assenagon Asset Management S.A. grew its position in Liquidity Services by 4.9% during the third quarter. Assenagon Asset Management S.A. now owns 237,725 shares of the business services provider’s stock valued at $5,420,000 after buying an additional 11,022 shares during the period. Institutional investors and hedge funds 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.