Shares of EquipmentShare.com Inc (NASDAQ:EQPT – Get Free Report) were down 8.6% during mid-day trading on Tuesday . The stock traded as low as $19.84 and last traded at $19.5830. Approximately 518,650 shares traded hands during mid-day trading, a decline of 77% from the average daily volume of 2,216,469 shares. The stock had previously closed at $21.43.
More EquipmentShare.com News
Here are the key news stories impacting EquipmentShare.com this week:
- Positive Sentiment: Citigroup raised its price target on EquipmentShare.com from $19 to $22 while maintaining a Neutral rating. The new target implies approximately 12.9% upside from the recently cited $19.49 reference price, offering some support for the shares. Benzinga reference
- Neutral Sentiment: Multiple law firms, including Kaplan Fox, Faruqi & Faruqi, Rosen, Levi & Korsinsky, and others, are soliciting investors to seek lead-plaintiff status in the same federal securities class action. The stated deadline is September 21, 2026; these notices are procedural and do not establish liability. Kaplan Fox notice
- Negative Sentiment: The lawsuits allege that EquipmentShare’s IPO registration statement and related SEC disclosures understated founder-affiliated related-party transactions and exposure to the company’s OWN Program. Some complaints also allege that senior executives controlled filings and related-party disclosures. One alert cites an alleged investor loss of approximately $8.44 per share. If the claims advance, potential litigation costs, settlements, or disclosure concerns could weigh on investor sentiment and valuation. SueWallSt shareholder alert
- Negative Sentiment: The concentration of class-action announcements over the past two days increases headline and legal-risk pressure on EQPT, particularly because the company trades at a high reported P/E ratio and carries substantial leverage. Investors will likely monitor court developments, company responses, and any amendments to IPO disclosures.
Analyst Upgrades and Downgrades
A number of equities analysts have commented on the company. Wells Fargo & Company lowered their price objective on EquipmentShare.com from $32.00 to $25.00 and set an “overweight” rating on the stock in a research note on Tuesday, July 14th. Citigroup increased their target price on EquipmentShare.com from $19.00 to $22.00 and gave the stock a “neutral” rating in a report on Monday. Weiss Ratings raised EquipmentShare.com from a “sell (d)” rating to a “sell (d+)” rating in a research note on Friday. 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. Finally, Truist Financial reduced their price objective on shares of EquipmentShare.com from $41.00 to $38.00 and set a “buy” rating on the stock in a research note on Thursday, July 2nd. Six investment analysts have rated the stock with a Buy rating, five have issued a Hold rating and one has given a Sell rating to the company. According to MarketBeat, EquipmentShare.com presently has an average rating of “Hold” and an average price target of $36.67.
EquipmentShare.com Stock Down 7.9%
The stock has a market capitalization of $4.98 billion and a price-to-earnings ratio of 151.86. The company has a debt-to-equity ratio of 3.16, a current ratio of 2.42 and a quick ratio of 1.91. The business’s 50 day moving average is $19.80.
EquipmentShare.com (NASDAQ:EQPT – Get Free Report) last released its earnings results on Wednesday, August 12th. The company reported $0.18 earnings per share for the quarter, topping the consensus estimate of ($0.10) by $0.28. The business had revenue of $1.45 billion for the quarter. Research analysts forecast that EquipmentShare.com Inc will post 0.46 EPS for the current fiscal year.
EquipmentShare.com declared that its Board of Directors has initiated a stock buyback plan on Friday, July 10th that allows the company to repurchase $500.00 million in outstanding shares. This repurchase authorization allows the company to buy up to 12.4% of its stock through open market purchases. Stock repurchase plans are often an indication that the company’s board believes its stock is undervalued.
Insider Activity at EquipmentShare.com
In other EquipmentShare.com news, CEO Jabbok Schlacks acquired 50,000 shares of the company’s stock in a transaction that occurred on Monday, June 15th. The stock was acquired at an average cost of $21.12 per share, for a total transaction of $1,056,000.00. Following the transaction, the chief executive officer directly owned 50,000 shares in the company, valued at $1,056,000. This represents a ∞ increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which is available through this link. Company insiders own 32.81% of the company’s stock.
Institutional Trading of EquipmentShare.com
An institutional investor recently bought a new position in EquipmentShare.com stock. Bank of New York Mellon Corp bought a new stake in EquipmentShare.com Inc (NASDAQ:EQPT – Free Report) during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 16,605 shares of the company’s stock, valued at approximately $326,000.
EquipmentShare.com Company Profile
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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