EquipmentShare.com Inc (NASDAQ:EQPT) Given Consensus Rating of “Hold” by Analysts

Shares of EquipmentShare.com Inc (NASDAQ:EQPTGet Free Report) have earned an average recommendation of “Hold” from the eleven brokerages that are covering the firm, Marketbeat Ratings reports. One equities research analyst has rated the stock with a sell recommendation, four have issued a hold recommendation and six have assigned a buy recommendation to the company. The average 12 month price objective among brokers that have updated their coverage on the stock in the last year is $40.25.

Several brokerages recently weighed in on EQPT. Wells Fargo & Company cut their price objective on shares of EquipmentShare.com from $35.00 to $32.00 and set an “overweight” rating on the stock in a research report on Monday, April 13th. Citizens Jmp reaffirmed a “market outperform” rating and set a $42.00 price objective on shares of EquipmentShare.com in a research report on Monday, June 22nd. Weiss Ratings lowered shares of EquipmentShare.com from a “sell (d+)” rating to a “sell (d)” rating in a research report on Wednesday, May 20th. Truist Financial reaffirmed a “buy” rating and set a $41.00 price objective (up from $34.00) on shares of EquipmentShare.com in a research report on Friday, May 15th. Finally, Citigroup raised their price objective on shares of EquipmentShare.com from $22.00 to $26.00 and gave the company a “neutral” rating in a research report on Friday, May 15th.

Check Out Our Latest Research Report on EquipmentShare.com

Insider Activity at EquipmentShare.com

In related news, Director W Bryan Hill purchased 21,803 shares of the stock in a transaction on Tuesday, May 19th. The shares were bought at an average price of $22.89 per share, for a total transaction of $499,070.67. Following the completion of the acquisition, the director directly owned 35,794 shares in the company, valued at approximately $819,324.66. This trade represents a 155.84% increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Naveen Bhatia purchased 10,000 shares of the stock in a transaction on Friday, May 15th. The shares were bought at an average price of $24.22 per share, for a total transaction of $242,200.00. Following the acquisition, the director owned 312,000 shares of the company’s stock, valued at approximately $7,556,640. The trade was a 3.31% increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. Over the last quarter, insiders have acquired 81,803 shares of company stock valued at $1,797,271.

EquipmentShare.com Price Performance

NASDAQ EQPT opened at $20.48 on Monday. The stock has a 50 day moving average of $21.87. The company has a quick ratio of 1.90, a current ratio of 2.47 and a debt-to-equity ratio of 2.71. The stock has a market capitalization of $5.17 billion and a price-to-earnings ratio of 157.54. EquipmentShare.com has a 52-week low of $17.95 and a 52-week high of $35.50.

EquipmentShare.com (NASDAQ:EQPTGet Free Report) last released its quarterly earnings data on Wednesday, May 13th. The company reported ($0.11) EPS for the quarter, topping analysts’ consensus estimates of ($0.26) by $0.15. The firm had revenue of $989.00 million during the quarter. The business’s quarterly revenue was up 38.1% on a year-over-year basis. On average, analysts predict that EquipmentShare.com will post 0.54 EPS for the current year.

EquipmentShare.com Company Profile

(Get Free Report)

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

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Analyst Recommendations for EquipmentShare.com (NASDAQ:EQPT)

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