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LQDT $25.27

LQDT target price
25.27
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0
Liquidity Services Inc
Type
Public
Industry Logistics
Founded 1999 in Washington, D.C., United States
Founders William P. Angrick III, Asad Haroon, and Jaime Mateus-Tique
Headquarters Washington D.C., United States
Key people
William P. Angrick III (CEO)
Website liquidityservices.com

Liquidity Services is an American corporation, which works with corporate and government agencies to manage and sell their surplus assets and excess inventory. Surplus and overstock goods are sold on Liquidity Services’ online marketplaces. The global company is based in Washington, D.C..

Liquidity Services was co-founded by William P. Angrick III, Asad Haroon, and Jaime Mateus-Tique in 1999. It was branded as Liquidation.com, and was a B2B auction marketplace that connects sellers to buyers. The platform allowed retailers to resell retail returns and overstockand enabled buyers to access bulk lots of surplus merchandise. In June 2000, Liquidity Services received $11.2 million in venture-capital funding from Europ@web. In 2001, the company acquired SurplusBid.com, which included a contract with the United States Department of Defense.

The company’s Initial public offering (IPO), valuing the business at $76.9M, took place on February 23, 2006, and the company began trading on the NASDAQ stock exchange under the symbol LQDT. Prior to going public, Liquidity Services opened online auctions for European corporations and government agencies to sell their surplus goods on the international market.

Between 2008 and 2011, Liquidity Services acquired four new marketplaces: Network International, GovDeals, TruckCenter.com, and the remarketing business of Jacobs Trading Company. In 2012, it acquired GoIndustry DoveBid, a provider of surplus asset management, auction and valuation services.

In 2015, the company lost two large contracts. Walmart terminated its deal with Liquidity Services, and the company lost a bidding war for the right to sell the Department of Defense’s surplus tanks, trailers, and other vehicles. Liquidity Services holds the DoD’s scrap property contract.

In September 2016, Liquidity Services launched IronDirect.com, an online marketplace selling large construction equipment.

Liquidity Services’ online marketplaces include: Liquidation.com, Secondipity.com, GovLiquidation.com, GovDeals.com, Network International, GoIndustry DoveBid, and IronDirect. They offer over 500 product categories organized into categories across 12 major industry verticals: government, energy, construction and mining, transportation, industrial manufacturing, biopharmaceuticals, electronics manufacturing, consumer goods and OEMs, automotive manufacturing, retail,fast-moving consumer goods, and aerospace and defense.

Liquidity Services works with the US federal government to divert scrap material from landfill, and supports clients with zero-waste initiatives.

Q reports

Period Date Adjusted Actuals EPS GAAP EPS
Q4 2022 2022-12-07 Future report Set alerts
Q3 2022 2022-08-04 0.21 0.21
Q2 2022 2022-05-05 0.00 0.00
Q1 2022 2022-02-03 0.18 0.18
Q4 2021 2021-12-09 0.26 0.26
Q3 2021 2021-08-05 0.31 0.31
Q2 2021 2021-05-06 0.19 0.19
Q1 2021 2021-02-04 0.17 0.17
Q4 2020 2020-12-08 0.23 0.23
Q3 2020 2020-08-06 0.05 0.05

Ratings

2016-05-08 Reiterated Rating Robert W. Baird Hold
2016-05-06 Boost Price Target Benchmark Co. Hold $5.50 to $6.50
2016-05-05 Reiterated Rating Barrington Research Buy
2016-02-06 Reiterated Rating Robert W. Baird Hold
2016-02-06 Reiterated Rating Bank of America Underperform $7.00 to $6.00
2016-02-06 Reiterated Rating Bank of America Corp. Underperform $7.00 to $6.00
2016-02-05 Lower Price Target Benchmark Co. Hold $7.50 to $5.50
2016-02-05 Reiterated Rating RBC Capital Sector Perform $8.00 to $6.00
2016-02-05 Reiterated Rating Royal Bank Of Canada Sector Perform $8.00 to $6.00
2015-11-22 Reiterated Rating Robert W. Baird Hold
2015-11-20 Lower Price Target Robert W. Baird Neutral $11.00 to $8.00
2015-11-20 Boost Price Target Benchmark Co. Hold $7.50 to $10.00
2015-11-20 Reiterated Rating RBC Capital Sector Perform $11.00 to $8.00
2015-08-06 Reiterated Rating RBC Capital Hold $11.00
2015-06-10 Set Price Target Robert W. Baird Hold $11.00
2015-05-08 Reiterated Rating RBC Capital Sector Perform $11.00
2014-12-08 Lower Price Target Bank of America Underperform $11.00 to $9.00
2014-11-19 Reiterated Rating Benchmark Co. Hold $16.00 to $13.00
2014-08-08 Lower Price Target RBC Capital $15.00 to $14.00
2014-06-05 Downgrade Benchmark Co. Buy to Hold $29.00 to $16.00
2014-05-09 Reiterated Rating Oppenheimer Market Perform to Market Perform
2014-05-09 Reiterated Rating Roth Capital Buy to Buy $27.00 to $23.00
2014-05-09 Downgrade RBC Capital Outperform to Sector Perform $30.00 to $15.00
2014-05-08 Downgrade Benchmark Co. Buy to Hold
2014-04-03 Downgrade Robert W. Baird Outperform to Neutral $30.00 to $19.00
2014-04-03 Downgrade Oppenheimer Outperform to Market Perform
2014-02-07 Upgrade RBC Capital Sector Perform to Outperform
2013-11-22 Downgrade Barrington Research Outperform to Market Perform
2013-11-22 Reiterated Rating Deutsche Bank In-Line
2013-11-22 Lower Price Target Roth Capital $37.00 to $33.00
2013-11-22 Lower Price Target RBC Capital Hold $31.00 to $25.00
2013-11-22 Downgrade Janney Montgomery Scott Buy to Neutral $35.00 to $22.00
2013-11-20 Reiterated The Benchmark Company Buy $40 to $33
2013-11-20 Lower Price Target Benchmark Co. Buy $40.00 to $33.00
2013-10-07 Downgrade Bank of America Buy to Underperform $45.00 to $31.00
2013-06-10 Reiterated The Benchmark Company Buy $48 to $47
2013-02-01 Reiterated The Benchmark Company Buy $62 to $52
2013-01-31 Reiterated Robert W. Baird Outperform $57 to $44
2012-11-30 Reiterated Oppenheimer Outperform $60 to $55
2012-11-30 Reiterated Deutsche Bank Buy $63 to $50
2012-10-15 Reiterated The Benchmark Company Buy $73 to $62
2012-09-12 Reiterated Stifel Nicolaus Buy $72 to $66
2012-06-18 Reiterated Oppenheimer Outperform $72 to $75
2012-05-04 Reiterated The Benchmark Company Buy $62 to $73
2012-05-04 Reiterated Oppenheimer Outperform $57 to $72
2012-05-02 Reiterated The Benchmark Company Buy $57 to $62
2012-04-09 Reiterated Oppenheimer Outperform $43 to $57
2016-05-08 Reiterated Rating Robert W. Baird Hold
2016-05-06 Boost Price Target Benchmark Co. Hold $5.50 to $6.50
2016-05-05 Reiterated Rating Barrington Research Buy
2016-02-06 Reiterated Rating Robert W. Baird Hold
2016-02-06 Reiterated Rating Bank of America Underperform $7.00 to $6.00

There is presents forecasts of rating agencies and recommendations for investors about this ticker

Major Shareholders

Name Relationship Total Shares Holding stocks
Angrick William P III Chairman of the Board and CEO 12.34%  (3660090) LQDT /
Roy G Cayce Exec. VP/Pres. Asset Recovery 0.26%  (77512) LQDT /
Mateus-Tique Jaime 0.25%  (73453) LQDT /
Celaya Jorge EVP & Chief Financial Officer 0.20%  (60193) LQDT /
CLOUGH PHILLIP A 0.16%  (47912) LQDT / RST /
Dudley Gardner H Pres, Capital Assets Group 0.14%  (41557) LQDT /
INFANTE BEATRIZ V 0.13%  (39914) ELX / LQDT / PSMT / SONS / UTEK /
GROSS PATRICK W 0.10%  (28594) CECO / COF / LQDT / RST / WM /
KOLODZIESKI EDWARD 0.09%  (28080) LQDT /
ELLIS GEORGE H 0.08%  (22403) BLKB / LQDT /
DOMINO KATHRYN ANN Chief Accounting Officer 0.05%  (13637) LQDT /
Shaffer Mark A VP, Gen. Counsel & Secretary 0.02%  (7351) LQDT /
Sweeney Michael E VP & Chief Accounting Officer 0.02%  (6096) LQDT /