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Liquidity Services (LQDT) Receives a Buy from Barrington


In a report released today, Gary Prestopino from Barrington maintained a Buy rating on Liquidity Services (LQDT), with a price target of $10. The company’s shares opened today at $6.05.

Prestopino observed:

“We are maintaining our OUTPERFORM investment rating and $10 price target. 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: Chain Group. The GovDeals provides self-service solutions in which sellers list their own assets, and it consist of marketplaces that enable local and state government entities to sell, surplus, and salvage assets. Group focuses on 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 -3.3% and a 37.5% success rate. Prestopino covers the Services sector, focusing on stocks such as Kar Auction Services Inc, US Auto Parts Network, and Ritchie Bros.

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 $8 and a one-year low of $4.34. Currently, Liquidity Services has an average volume of 65.54K.

Based on the recent corporate insider activity of 38 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, and Retail Supply Chain Group.