Liquidity Services Receives a Hold from Robert W. Baird

By Jason Carr

In a report released today, Colin Sebastian from Robert W. Baird maintained a Hold rating on Liquidity Services (NASDAQ: LQDT), with a price target of $5. The company’s shares opened today at $4.78, close to its 52-week low of $4.75.

According to TipRanks.com, Sebastian is a top 25 analyst with an average return of 24.0% and a 73.9% success rate. Sebastian covers the Technology sector, focusing on stocks such as Activision Blizzard, Paypal Holdings, and Salesforce.com.

Liquidity Services has an analyst consensus of Hold, with a price target consensus of $5.

Based on Liquidity Services’ latest earnings report for the quarter ending September 30, the company posted quarterly revenue of $61.37 million and GAAP net loss of $13.97 million. In comparison, last year the company earned revenue of $78.51 million and had a GAAP net loss of $53.76 million.

Based on the recent corporate insider activity of 33 insiders, corporate insider sentiment is negative on the stock.

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Liquidity Services, Inc. operates an online auction marketplace for wholesale, surplus and salvage assets. Its services include surplus asset management, valuation and planning, asset disposition, and government solutions.