Liquidity Services (LQDT) Receives a Rating Update from a Top Analyst

By Austin Angelo

In a report released yesterday, Colin Sebastian from Robert W. Baird maintained a Hold rating on Liquidity Services (LQDTResearch Report), with a price target of $8. The company’s shares closed yesterday at $7.27.

According to TipRanks.com, Sebastian is a top 100 analyst with an average return of 20.3% and a 65.4% success rate. Sebastian covers the Technology sector, focusing on stocks such as Activision Blizzard, Paypal Holdings, and Alphabet Inc.

The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Liquidity Services with a $9 average price target.

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Based on Liquidity Services’ latest earnings release for the quarter ending June 30, the company reported a quarterly GAAP net loss of $3.71 million. In comparison, last year the company had a GAAP net loss of $13.97 million.

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.