Liquidity Services (LQDT) Gets a Buy Rating from Barrington


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 $7.04.

Prestopino said:

“We are maintaining our OUTPERFORM investment rating on the shares with a $10 price target.”

According to TipRanks.com, Prestopino has currently no stars on a ranking scale of 0-5 stars, with an average return of -4.9% and a 41.2% success rate. Prestopino covers the Services sector, focusing on stocks such as Payment Data Systems Inc, US Auto Parts Network, and Ritchie Bros.

Currently, the analyst consensus on Liquidity Services is a Moderate Buy with an average price target of $9.

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Based on Liquidity Services’ latest earnings release for the quarter ending December 31, the company reported a quarterly GAAP net loss of $5.02 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.

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