UPDATE: Stifel Nicolaus Raises PT to $47 on Liquidity Services - Liquidity Services (NASDAQ:LQDT)

Stifel Nicolaus raises its price target $4 to $47 on Buy-rated Liquidity Services (NASDAQ:

) to reflect strong gross sales summary for February. Stifel Nicolaus says, "Liquidity Services gross sales summary (

) for the month of February totaled $71.5mn, up 61% y/y. Government Surplus at +15.5% y/y for the month was the weaker segment, but was more than offset by 28% and 108% growth at GovDeals and Commercial, respectively. The upside to GMV is in commercial retail, which is typically sold via the purchase model (the entire GMV is booked as revenue). Consequently, the company is likely to exceed consensus revenue expectations." LQDT closed at $43.42 a share yesterday.

LQDTLiquidity Services Inc

$33.52-%

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