Barrington analyst Gary Prestopino maintained a Buy rating on Liquidity Services (LQDT – Research Report) today and set a price target of $27.00. The company’s shares opened today at $17.70.
According to TipRanks, Prestopino is a top 100 analyst with an average return of 24.3% and a 53.21% success rate. Prestopino covers the Industrials sector, focusing on stocks such as Methode Electronics, Koppers Holdings, and Snap-on.
Currently, the analyst consensus on Liquidity Services is a Moderate Buy with an average price target of $27.50, which is a 55.37% upside from current levels. In a report released on August 4, Craig-Hallum also reiterated a Buy rating on the stock with a $28.00 price target.
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The company has a one-year high of $20.48 and a one-year low of $11.97. Currently, Liquidity Services has an average volume of 103.6K.
Based on the recent corporate insider activity of 40 insiders, corporate insider sentiment is neutral 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. 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.
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