In a report released today, George Sutton from Craig-Hallum reiterated a Buy rating on Liquidity Services (LQDT – Research Report), with a price target of $28.00. The company’s shares closed yesterday at $15.99.
Sutton covers the Technology sector, focusing on stocks such as Agilysys, Par Technology, and TTEC Holdings. According to TipRanks, Sutton has an average return of 12.3% and a 48.84% success rate on recommended stocks.
Liquidity Services has an analyst consensus of Moderate Buy, with a price target consensus of $24.00.
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LQDT market cap is currently $490.6M and has a P/E ratio of 15.98.
Based on the recent corporate insider activity of 44 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of LQDT in relation to earlier this year.
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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. 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. The RSCG segment consists of marketplaces that enable corporations located in the United States and Canada to sell surplus and salvage consumer goods and retail capital assets. The Machinio segment involves in the global online platform for listing used equipment for sale in the construction, machine tool, transportation, printing and agriculture sectors. The Corporate and Other segment comprises company’s IronDirect and TruckCenter operations. The company was founded by William P. Angrick III, Jaime Mateus-Tique and Benjamin Ronald Brown in November 1999 and is headquartered in Bethesda, MD.
Read More on LQDT:
- Liquidity Services Announces Third Quarter Fiscal Year 2023 Earnings Conference Call
- Liquidity Services to Present at the 13th Annual East Coast IDEAS Conference
- Liquidity Services to Present at the Oppenheimer 23rd Annual Consumer Growth and E-Commerce Conference
- Liquidity Services Releases Annual ESG Report
- Liquidity Services to Present at the 2023 Baird Global Consumer, Technology & Services Conference
