Barrington analyst Gary Prestopino maintained a Buy rating on Liquidity Services (LQDT) today and set a price target of $10. The company’s shares closed on Friday at $8.50, close to its 52-week high of $9.16.
Prestopino observed:
“We have an OUTPERFORM investment rating on the shares with a $10 price target. Company Description Liquidity Services, Inc. engages in the provision of e‐commerce solutions to manage, value, and sell inventory and equipment for business and government clients. It operates through the following business segments: GovDeals; Capital Assets Group; Retail Supply Chain Group; Machinio; and Corporate and Other. The GovDeals segment provides self‐service solutions in which sellers list their own assets, and it consists of marketplaces that enable local and state government. The CAG segment offers full‐service solutions to sellers and it consists of marketplaces that enable federal government agencies as well as commercial businesses to sell surplus, salvage, and scrap assets.”
According to TipRanks.com, Prestopino is a 1-star analyst with an average return of -3.0% and a 44.1% success rate. Prestopino covers the Services sector, focusing on stocks such as Kar Auction Services Inc, Payment Data Systems Inc, and US Auto Parts Network.
The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Liquidity Services with a $9 average price target.
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Based on Liquidity Services’ latest earnings release for the quarter ending September 30, the company reported a quarterly GAAP net loss of $1.04 million. In comparison, last year the company had a GAAP net loss of $1.21 million.
Based on the recent corporate insider activity of 66 insiders, corporate insider sentiment is negative on the stock.
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Liquidity Services, Inc. engages in the provision of e-commerce solutions to manage, value, and sell inventory and equipment for business and government clients. It operates through the following business segments: GovDeals; Capital Assets Group; Retail Supply Chain Group; Machinio; and Corporate and Other.
