Novelette Murray Sells 7,938 Shares of Liquidity Services, Inc. (NASDAQ:LQDT) Stock

Liquidity Services, Inc. (NASDAQ:LQDT) insider Novelette Murray sold 7,938 shares of the stock in a transaction on Tuesday, February 25th. The stock was sold at an average price of $33.96, for a total transaction of $269,574.48. Following the transaction, the insider now owns 36,181 shares of the company’s stock, valued at $1,228,706.76. The trade was a 17.99 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink.

Novelette Murray also recently made the following trade(s):

• On Wednesday, February 12th, Novelette Murray sold 10,000 shares of Liquidity Services stock. The stock was sold at an average price of $34.88, for a total transaction of $348,800.00.

Liquidity Services Price Performance

LQDT stock traded down $0.90 during trading hours on Thursday, reaching $33.06. The stock had a trading volume of 254,436 shares, compared to its average volume of 335,077. The stock has a 50-day simple moving average of $34.07 and a 200 day simple moving average of $27.25. Liquidity Services, Inc. has a fifty-two week low of $16.79 and a fifty-two week high of $39.72. The stock has a market capitalization of $1.03 billion, a PE ratio of 44.08 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, beating 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

LQDT has been the subject of several analyst reports. Barrington Research restated an “outperform” rating and issued a $40.00 price objective on shares of Liquidity Services in a report on Tuesday, February 11th. StockNews.com downgraded Liquidity Services from a “strong-buy” rating to a “buy” rating in a research note on Wednesday, February 19th. Finally, Craig Hallum boosted their price target on Liquidity Services from $28.00 to $37.00 and gave the stock a “buy” rating in a research report on Friday, December 13th.

Institutional Trading of Liquidity Services

Hedge funds have recently made changes to their positions in the business. Allspring Global Investments Holdings LLC bought a new stake in Liquidity Services in the 3rd quarter valued at $1,311,000. Assenagon Asset Management S.A. increased its holdings in shares of Liquidity Services by 4.9% in 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 purchasing an additional 11,022 shares during the last quarter. Rice Hall James & Associates LLC raised its position in shares of Liquidity Services by 1.3% in the third quarter. Rice Hall James & Associates LLC now owns 367,302 shares of the business services provider’s stock valued at $8,374,000 after purchasing an additional 4,838 shares during the period. Royce & Associates LP acquired a new stake in shares of Liquidity Services during the 3rd quarter worth about $488,000. Finally, Quest Partners LLC bought a new stake in shares of Liquidity Services during the 3rd quarter worth about $463,000. 71.15% of the stock is owned by institutional investors and hedge funds.

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.