In a report released today, Gary Prestopino from Barrington maintained a Buy rating on Liquidity Services (NASDAQ: LQDT), with a price target of $10. The company’s shares closed yesterday at $6.95.
Prestopino commented:
“We believe that the long-term implications from the Machinio acquisition will be positive as it helps to move more GMV through LSI’s platform by offering multiple services for asset disposition through both an auction and a listing service with the ability to leverage a combined buyer base of over 3.5 million. We have an OUTPERFORM investment rating on LSI’s shares.”
According to TipRanks.com, Prestopino is a 4-star analyst with an average return of 12.5% and a 70.1% success rate. Prestopino covers the Services sector, focusing on stocks such as Kar Auction Services Inc, Ritchie Bros, and AutoWeb Inc.
Liquidity Services has an analyst consensus of Moderate Buy, with a price target consensus of $10.
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The company has a one-year high of $7.65 and a one-year low of $4.34. Currently, Liquidity Services has an average volume of 66.61K.
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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, and Retail Supply Chain Group.
