EquipmentShare.com (NASDAQ:EQPT) Stock Gets Price Target Trim from Wells Fargo & Company

Posted by Francis Steltz on Oct 29th, 2026

EquipmentShare.com (NASDAQ:EQPT – Free Report) had its price target decreased by Wells Fargo & Company from $25.00 to $19.00 in a research report report published on Monday morning,Benzinga reports. Wells Fargo & Company currently has an overweight rating on the stock.

A number of other equities analysts have also issued reports on the company. Weiss Ratings lowered EquipmentShare.com from a “sell (d+)” rating to a “sell (d)” rating in a research report on Friday, September 25th. Robert W. Baird reduced their target price on EquipmentShare.com from $35.00 to $28.00 and set an “outperform” rating for the company in a research note on Tuesday, October 20th. BNP Paribas Exane started coverage on shares of EquipmentShare.com in a research report on Monday, June 29th. They set a “neutral” rating and a $22.00 price target for the company. Truist Financial dropped their price target on shares of EquipmentShare.com from $35.00 to $31.00 and set a “buy” rating for the company in a research note on Monday, October 5th. Finally, Citigroup dropped their price target on shares of EquipmentShare.com from $17.00 to $16.00 and set a “neutral” rating for the company in a research note on Tuesday, October 20th. Six analysts have rated the stock with a Buy rating, five have issued a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $30.00.

Read Our Latest Report on EQPT

EquipmentShare.com Trading Up 1.2%

NASDAQ:EQPT opened at $17.93 on Monday. The company has a debt-to-equity ratio of 3.16, a quick ratio of 1.91 and a current ratio of 2.42. EquipmentShare.com has a one year low of $13.00 and a one year high of $35.50. The business’s 50-day simple moving average is $17.37 and its 200 day simple moving average is $21.23. The stock has a market cap of $4.54 billion and a price-to-earnings ratio of 57.84.

EquipmentShare.com (NASDAQ:EQPT – Get Free Report) last issued its quarterly earnings results on Wednesday, August 12th. The company reported $0.18 EPS for the quarter, beating analysts’ consensus estimates of ($0.10) by $0.28. The business had revenue of $1.45 billion during the quarter. As a group, sell-side analysts predict that EquipmentShare.com will post 0.45 earnings per share for the current fiscal year.

EquipmentShare.com announced that its Board of Directors has initiated a stock repurchase program on Friday, July 10th that authorizes the company to buy back $500 million in outstanding shares. This repurchase authorization authorizes the company to buy up to 12.4% of its stock through open market purchases. Share repurchase programs are often an indication that the company’s board believes its stock is undervalued.

Insider Activity at EquipmentShare.com

In related news, major shareholder Neil Chheda sold 1,285,402 shares of the business’s stock in a transaction that occurred on Tuesday, August 18th. The stock was sold at an average price of $20.62, for a total transaction of $26,504,989.24. Following the completion of the transaction, the insider owned 40,476,688 shares in the company, valued at $834,629,306.56. The trade was a 3.08% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CEO Jabbok Schlacks acquired 22,900 shares of the stock in a transaction that occurred on Tuesday, September 15th. The shares were bought at an average price of $17.76 per share, with a total value of $406,704.00. Following the completion of the purchase, the chief executive officer owned 125,000 shares in the company, valued at $2,220,000. The trade was a 22.43% increase in their ownership of the stock. The SEC filing for this purchase provides additional information. In the last 90 days, insiders purchased 85,950 shares of company stock worth $1,537,422 and sold 2,201,032 shares worth $45,393,501. Insiders own 32.81% of the company’s stock.

Institutional Investors Weigh In On EquipmentShare.com

A number of hedge funds have recently added to or reduced their stakes in the stock. State of Alaska Department of Revenue acquired a new position in shares of EquipmentShare.com during the third quarter valued at $157,000. Arizona State Retirement System bought a new position in shares of EquipmentShare.com during the second quarter worth about $205,000. Chico Wealth RIA acquired a new stake in shares of EquipmentShare.com in the 2nd quarter worth about $322,000. Bank of New York Mellon Corp acquired a new stake in shares of EquipmentShare.com in the 2nd quarter worth about $326,000. Finally, BigSur Wealth Management LLC acquired a new stake in shares of EquipmentShare.com in the 3rd quarter worth about $434,000.

EquipmentShare.com Company Profile

(Get Free Report)

EquipmentShare is a construction equipment rental and technology company that combines equipment, digital tools and services for contractors and other businesses. Its operations include the rental of construction equipment, equipment sales, maintenance and repair, transportation, and related support services.

The company’s technology platform, including its T3 telematics and fleet-management tools, is designed to help customers monitor equipment location, utilization, maintenance needs and operating conditions.