Assenagon Asset Management S.A. Sells 87,323 Shares of Liquidity Services, Inc. $LQDT

Key Points

• Assenagon Asset Management cut its Liquidity Services stake by 48% in the second quarter, selling 87,323 shares and retaining 94,636 shares worth about $3.7 million. Institutional investors collectively own 71.15% of LQDT.
• Liquidity Services reported quarterly EPS of $0.45, beating the $0.34 consensus estimate, while revenue reached $129.58 million versus expectations of $57.83 million. Analysts maintain a “Moderate Buy” consensus with a $50 target price.
• LQDT shares traded at $43.11, near their 52-week high of $43.82, after rising 3.2%. Company insiders have sold 196,261 shares worth approximately $7.15 million over the past three months.

Assenagon Asset Management S.A. trimmed its position in Liquidity Services, Inc. (NASDAQ:LQDT - Free Report) by 48.0% in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 94,636 shares of the business services provider's stock after selling 87,323 shares during the quarter. Assenagon Asset Management S.A. owned approximately 0.30% of Liquidity Services worth $3,702,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in LQDT. Tower Research Capital LLC TRC raised its stake in shares of Liquidity Services by 451.0% during the second quarter. Tower Research Capital LLC TRC now owns 2,700 shares of the business services provider's stock worth $64,000 after buying an additional 2,210 shares during the last quarter. Wealth Enhancement Advisory Services LLC boosted its stake in Liquidity Services by 20.7% in the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 2,114 shares of the business services provider's stock valued at $71,000 after acquiring an additional 363 shares during the last quarter. Meeder Asset Management Inc. acquired a new stake in Liquidity Services during the 1st quarter worth $97,000. Fifth Third Bancorp raised its position in shares of Liquidity Services by 4,505.7% during the 1st quarter. Fifth Third Bancorp now owns 3,224 shares of the business services provider's stock valued at $99,000 after acquiring an additional 3,154 shares during the last quarter. Finally, Kemnay Advisory Services Inc. bought a new stake in shares of Liquidity Services during the 4th quarter valued at $163,000. 71.15% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of equities research analysts recently commented on the company. Wall Street Zen cut Liquidity Services from a "strong-buy" rating to a "buy" rating in a research note on Saturday, August 8th. Weiss Ratings raised Liquidity Services from a "buy (b-)" rating to a "buy (b)" rating in a research note on Tuesday. Barrington Research set a $50.00 target price on Liquidity Services in a report on Friday, August 7th. Finally, Zacks Research upgraded Liquidity Services from a "strong sell" rating to a "hold" rating in a research report on Tuesday, July 28th. Two equities research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the stock. According to data from MarketBeat, Liquidity Services presently has a consensus rating of "Moderate Buy" and a consensus target price of $50.00.

Liquidity Services Trading Up 3.2%

LQDT stock opened at $43.11 on Thursday. Liquidity Services, Inc. has a 1-year low of $21.67 and a 1-year high of $43.82. The firm has a market cap of $1.35 billion, a PE ratio of 42.27 and a beta of 1.10. The business's 50-day moving average price is $38.71 and its two-hundred day moving average price is $34.73.

Liquidity Services (NASDAQ:LQDT - Get Free Report) last announced its quarterly earnings results on Thursday, August 6th. The business services provider reported $0.45 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.34 by $0.11. Liquidity Services had a return on equity of 17.60% and a net margin of 6.79%.The company had revenue of $129.58 million during the quarter, compared to the consensus estimate of $57.83 million. Liquidity Services has set its Q4 2026 guidance at 0.410-0.500 EPS. On average, analysts forecast that Liquidity Services, Inc. will post 1 earnings per share for the current year.

Insider Buying and Selling

In other news, EVP John Daunt sold 715 shares of the company's stock in a transaction that occurred on Monday, August 3rd. The shares were sold at an average price of $39.00, for a total value of $27,885.00. Following the completion of the transaction, the executive vice president owned 38,086 shares in the company, valued at $1,485,354. This represents a 1.84% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO Jorge Celaya sold 3,842 shares of the company's stock in a transaction that occurred on Thursday, June 4th. The shares were sold at an average price of $37.26, for a total transaction of $143,152.92. Following the completion of the transaction, the chief financial officer owned 66,895 shares of the company's stock, valued at $2,492,507.70. This trade represents a 5.43% decrease in their position. The SEC filing for this sale provides additional information. In the last three months, insiders sold 196,261 shares of company stock valued at $7,153,183. 28.06% of the stock is owned by corporate insiders.

About Liquidity Services

Liquidity Services, Inc is a technology-driven provider of online marketplaces for surplus and remarketed assets. Through its wholly owned platforms—such as Liquidation.com, GovDeals, Machinio and GoIndustry DoveBid—the company connects sellers of industrial equipment, commercial inventory, government surplus and transportation assets with a broad base of registered buyers. Its solutions blend auction formats, fixed-price listings and managed-service offerings to support efficient asset disposition across a wide range of industries.

The company's core services include asset valuation, marketing, inspection and logistics coordination.

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