EQPT (NASDAQ:EQPT) Trading Down 4.8% – What’s Next?

EQPT (NASDAQ:EQPT) shares traded down 4.8% during trading on Wednesday . The company traded as low as $19.60 and last traded at $19.3770. 163,287 shares were traded during trading, a decline of 89% from the average session volume of 1,476,113 shares. The stock had previously closed at $20.36.

Analyst Ratings Changes

A number of analysts have commented on the company. Wall Street Zen raised EQPT from a “sell” rating to a “hold” rating in a report on Saturday, March 14th. Robert W. Baird decreased their price objective on EQPT from $63.00 to $55.00 and set an “outperform” rating for the company in a report on Friday, March 20th. Truist Financial decreased their price objective on EQPT from $43.00 to $41.00 and set a “buy” rating for the company in a report on Friday, March 20th. Citizens Jmp initiated coverage on EQPT in a report on Tuesday, February 17th. They issued a “market outperform” rating and a $42.00 target price for the company. Finally, Zacks Research raised EQPT to a “hold” rating in a report on Wednesday, February 18th. Six investment analysts have rated the stock with a Buy rating and four have issued a Hold rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $39.75.

EQPT Price Performance

The firm’s fifty day moving average is $25.97.

EQPT (NASDAQ:EQPT) last released its earnings results on Wednesday, March 18th. The company reported $0.24 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.19 by $0.05. The business had revenue of $1.57 billion during the quarter, compared to the consensus estimate of $1.54 billion.

EQPT 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.