Baird Maintains an 'Outperform' on Liquidity Services (LQDT); Volumes/Revenues Tracking Above Range

July 5, 2012 11:18 AM EDT
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Price: $9.40 -4.57%

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Baird maintains an 'Outperform' on Liquidity Services (NASDAQ: LQDT) price target of $66.00.

Analyst, Colin Sebastian, said, "Our analysis of Marketplace transactions in both Commercial GovDeals segments suggests overall volumes are tracking above the high end of the company's guidance range, and roughly $10 million above our $210 million GMV estimate; consensus is at $213 million. Notably, the Commercial segment is the key driver of the better-than-expected results. We maintain an Outperform rating and view the recent pullback as a buying opportunity."

For an analyst ratings summary and ratings history on Liquidity Services click here. For more ratings news on Liquidity Services click here.

Shares of Liquidity Services closed at $40.17 yesterday.

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