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 Liquidity Services stock in a transaction dated Wednesday, February 12th. The shares were sold at an average price of $34.88, for a total value of $348,800.00. Following the completion of the sale, the insider now directly owns 44,119 shares in the company, valued at approximately $1,538,870.72. This represents a 18.48 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link.

Liquidity Services Stock Performance

Liquidity Services stock opened at $36.48 on Friday. Liquidity Services, Inc. has a 52 week low of $16.58 and a 52 week high of $39.72. The stock has a market capitalization of $1.12 billion, a P/E ratio of 48.64 and a beta of 1.36. The stock has a 50-day simple moving average of $33.29 and a 200 day simple moving average of $26.45.

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

Institutional Investors Weigh In On Liquidity Services

A number of institutional investors have recently made changes to their positions in LQDT. Harvest Fund Management Co. Ltd bought a new stake in shares of Liquidity Services during the fourth quarter worth approximately $38,000. Quarry LP bought a new stake in shares of Liquidity Services during the fourth quarter worth approximately $47,000. nVerses Capital LLC bought a new stake in shares of Liquidity Services during the third quarter worth approximately $48,000. Aquatic Capital Management LLC boosted its holdings in shares of Liquidity Services by 257.6% during the fourth quarter. Aquatic Capital Management LLC now owns 1,788 shares of the business services provider’s stock worth $58,000 after acquiring an additional 1,288 shares during the period. Finally, R Squared Ltd bought a new stake in shares of Liquidity Services during the fourth quarter worth approximately $66,000. Institutional investors own 71.15% of the company’s stock.

Wall Street Analysts Forecast Growth

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

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.