Liquidity Services (NASDAQ:LQDT – Get Rating) updated its third quarter 2022 earnings guidance on Monday. The company provided EPS guidance of $0.16-$0.25 for the period. The company issued revenue guidance of -.
LQDT stock traded up $0.49 during midday trading on Monday, hitting $13.39. 13,399 shares of the company’s stock were exchanged, compared to its average volume of 214,537. Liquidity Services has a one year low of $11.39 and a one year high of $28.76. The company has a market cap of $476.36 million, a PE ratio of 7.96 and a beta of 1.22. The stock’s fifty day moving average price is $16.62 and its 200-day moving average price is $19.17.
Liquidity Services (NASDAQ:LQDT – Get Rating) last released its quarterly earnings data on Thursday, May 5th. The business services provider reported $0.17 earnings per share for the quarter, beating the consensus estimate of $0.16 by $0.01. Liquidity Services had a return on equity of 23.28% and a net margin of 20.64%. The business had revenue of $68.28 million for the quarter.
In other news, insider John Daunt sold 4,594 shares of Liquidity Services stock in a transaction that occurred on Thursday, March 31st. The shares were sold at an average price of $17.85, for a total value of $82,002.90. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. 29.33% of the stock is owned by company insiders.
Several large investors have recently added to or reduced their stakes in the stock. Panagora Asset Management Inc. boosted its position in Liquidity Services by 1.2% during the first quarter. Panagora Asset Management Inc. now owns 78,931 shares of the business services provider’s stock valued at $1,351,000 after purchasing an additional 959 shares during the last quarter. Citigroup Inc. grew its stake in shares of Liquidity Services by 3.8% in the first quarter. Citigroup Inc. now owns 26,305 shares of the business services provider’s stock valued at $450,000 after buying an additional 973 shares in the last quarter. Sei Investments Co. increased its holdings in Liquidity Services by 1.5% during the fourth quarter. Sei Investments Co. now owns 81,238 shares of the business services provider’s stock worth $1,794,000 after buying an additional 1,164 shares during the last quarter. Royal Bank of Canada raised its position in Liquidity Services by 48.5% during the third quarter. Royal Bank of Canada now owns 4,221 shares of the business services provider’s stock worth $91,000 after acquiring an additional 1,379 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. lifted its stake in Liquidity Services by 0.9% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 188,046 shares of the business services provider’s stock valued at $4,152,000 after acquiring an additional 1,692 shares during the last quarter. 67.53% of the stock is currently owned by institutional investors and hedge funds.
About Liquidity Services (Get Rating)
Liquidity Services, Inc provides e-commerce marketplaces, self-directed auction listing tools, and value-added services. It operates through four segments: Retail Supply Chain Group, Capital Assets Group, GovDeals, and Machinio. The company's 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.
- Get a free copy of the StockNews.com research report on Liquidity Services (LQDT)
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