Barrington Keeps Their Buy Rating on Liquidity Services (LQDT)

By Jason Carr

Barrington analyst Gary Prestopino maintained a Buy rating on Liquidity Services (LQDTResearch Report) today and set a price target of $10.00. The company’s shares closed last Monday at $6.71.

According to TipRanks.com, Prestopino is a 3-star analyst with an average return of 1.1% and a 52.7% success rate. Prestopino covers the Services sector, focusing on stocks such as US Auto Parts Network, Kar Auction Services, and Ritchie Bros.

Liquidity Services has an analyst consensus of Hold.

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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 $4.65 million. In comparison, last year the company had a GAAP net loss of $1.04 million.

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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.