EquipmentShare.com Inc (NASDAQ:EQPT) Receives Average Recommendation of “Hold” from Analysts

EquipmentShare.com Inc (NASDAQ:EQPT) has been given an average rating of “Hold” by the eleven research firms that are presently covering the company, Marketbeat.com reports. One equities research analyst has rated the stock with a sell recommendation, four have given a hold recommendation and six have issued a buy recommendation on the company. The average 1-year target price among analysts that have issued ratings on the stock in the last year is $40.25.

EQPT has been the subject of a number of research reports. Truist Financial reissued a “buy” rating and set a $41.00 target price (up from $34.00) on shares of EquipmentShare.com in a research note on Friday, May 15th. Wall Street Zen raised EquipmentShare.com from a “sell” rating to a “hold” rating in a research report on Saturday, March 14th. Weiss Ratings downgraded shares of EquipmentShare.com from a “sell (d+)” rating to a “sell (d)” rating in a report on Wednesday, May 20th. Wells Fargo & Company lowered their price objective on shares of EquipmentShare.com from $35.00 to $32.00 and set an “overweight” rating on the stock in a report on Monday, April 13th. Finally, Citigroup increased their target price on shares of EquipmentShare.com from $22.00 to $26.00 and gave the stock a “neutral” rating in a report on Friday, May 15th.

Insider Buying and Selling

In other EquipmentShare.com news, CEO Jabbok Schlacks bought 50,000 shares of EquipmentShare.com stock in a transaction that occurred on Monday, June 15th. The stock was acquired at an average price of $21.12 per share, for a total transaction of $1,056,000.00. Following the completion of the acquisition, the chief executive officer owned 50,000 shares of the company’s stock, valued at $1,056,000. This trade represents a ∞ increase in their position. The purchase was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, Director Naveen Bhatia bought 10,000 shares of EquipmentShare.com stock in a transaction that occurred on Friday, May 15th. The shares were acquired at an average price of $24.22 per share, with a total value of $242,200.00. Following the acquisition, the director directly owned 312,000 shares of the company’s stock, valued at $7,556,640. The trade was a 3.31% increase in their position. The SEC filing for this purchase provides additional information. Over the last 90 days, insiders acquired 81,803 shares of company stock worth $1,797,271.

EquipmentShare.com Price Performance

Shares of EQPT stock opened at $26.32 on Monday. The company has a current ratio of 2.47, a quick ratio of 1.90 and a debt-to-equity ratio of 2.71. The company has a market cap of $6.64 billion and a PE ratio of 202.46. The company has a 50-day moving average of $21.67. EquipmentShare.com has a one year low of $17.95 and a one year high of $35.50.

EquipmentShare.com (NASDAQ:EQPT) last announced its quarterly earnings results on Wednesday, May 13th. The company reported ($0.11) EPS for the quarter, beating analysts’ consensus estimates of ($0.26) by $0.15. The company had revenue of $989.00 million during the quarter. EquipmentShare.com’s revenue was up 38.1% compared to the same quarter last year. As a group, research analysts anticipate that EquipmentShare.com will post 0.55 earnings per share for the current year.

About EquipmentShare.com

EquipmentShare.com Inc provides integrated, full-service construction solutions across equipment rental, sales and technology. EquipmentShare.com Inc is based in Columbia, Missouri.