Analysts Set EquipmentShare.com Inc (NASDAQ:EQPT) PT at $36.33

Shares of EquipmentShare.com Inc (NASDAQ:EQPT) have been assigned a consensus recommendation of “Hold” from the twelve brokerages that are presently covering the firm, MarketBeat reports. One equities research analyst has rated the stock with a sell recommendation, five have given a hold recommendation and six have issued a buy recommendation on the company. The average twelve-month price objective among brokers that have covered the stock in the last year is $36.3333.

Several analysts have recently weighed in on the company. Wells Fargo & Company decreased their target price on EquipmentShare.com from $32.00 to $25.00 and set an “overweight” rating for the company in a research report on Tuesday, July 14th. Citizens Jmp reaffirmed a “market outperform” rating and issued a $42.00 price target on shares of EquipmentShare.com in a research note on Monday, June 22nd. Truist Financial decreased their price objective on shares of EquipmentShare.com from $41.00 to $38.00 and set a “buy” rating for the company in a report on Thursday, July 2nd. Weiss Ratings cut shares of EquipmentShare.com from a “sell (d+)” rating to a “sell (d)” rating in a research report on Wednesday, May 20th. Finally, BNP Paribas Exane initiated coverage on shares of EquipmentShare.com in a research note on Monday, June 29th. They issued a “neutral” rating and a $22.00 target price on the stock.

Insiders Place Their Bets

In other news, CEO Jabbok Schlacks purchased 50,000 shares of the company’s stock in a transaction dated Monday, June 15th. The shares were acquired at an average price of $21.12 per share, with a total value of $1,056,000.00. Following the transaction, the chief executive officer owned 50,000 shares of the company’s stock, valued at $1,056,000. This represents a ∞ increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Naveen Bhatia purchased 10,000 shares of the business’s stock in a transaction dated Friday, May 15th. The shares were purchased at an average price of $24.22 per share, for a total transaction of $242,200.00. Following the purchase, the director owned 312,000 shares of the company’s stock, valued at approximately $7,556,640. This trade represents a 3.31% increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. Insiders have bought 81,803 shares of company stock worth $1,797,271 in the last ninety days. 32.81% of the stock is owned by company insiders.

EquipmentShare.com Price Performance

Shares of NASDAQ:EQPT opened at $17.54 on Friday. The stock has a market capitalization of $4.43 billion and a price-to-earnings ratio of 134.92. The company’s 50 day simple moving average is $20.51. EquipmentShare.com has a 1 year low of $15.71 and a 1 year high of $35.50. The company has a quick ratio of 1.90, a current ratio of 2.47 and a debt-to-equity ratio of 2.71.

EquipmentShare.com (NASDAQ:EQPT) last issued its quarterly earnings results on Wednesday, May 13th. The company reported ($0.11) earnings per share for the quarter, topping the consensus estimate of ($0.26) by $0.15. The business had revenue of $989.00 million during the quarter. The company’s quarterly revenue was up 38.1% compared to the same quarter last year. Equities research analysts expect that EquipmentShare.com will post 0.46 EPS for the current fiscal year.

EquipmentShare.com announced that its Board of Directors has initiated a share repurchase plan on Friday, July 10th that permits the company to repurchase $500.00 million in shares. This repurchase authorization permits the company to buy up to 12.4% of its stock through open market purchases. Stock repurchase plans are usually a sign that the company’s board believes its shares are undervalued.

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.