EQPT’s Quiet Period Will Expire Tomorrow (NASDAQ:EQPT)

EQPT’s (NASDAQ:EQPT) quiet period will end on Wednesday, March 4th. EQPT had issued 30,500,000 shares in its public offering on January 23rd. The total size of the offering was $747,250,000 based on an initial share price of $24.50. During EQPT’s quiet period, insiders and any underwriters that worked on the IPO are restricted from issuing any earnings forecasts or research reports for the company because of regulations issued by the Securities and Exchange Commission. Following the expiration of the company’s quiet period, the brokerages that served as underwriters will likely initiate research coverage on the company.

Analyst Upgrades and Downgrades

EQPT has been the topic of a number of recent analyst reports. UBS Group began coverage on EQPT in a report on Tuesday, February 17th. They set a “neutral” rating and a $36.00 price objective on the stock. KeyCorp initiated coverage on shares of EQPT in a research report on Tuesday, February 17th. They set a “sector weight” rating on the stock. Truist Financial initiated coverage on shares of EQPT in a research note on Tuesday, February 17th. They set a “buy” rating and a $43.00 price target on the stock. Citizens Jmp began coverage on shares of EQPT in a research note on Tuesday, February 17th. They issued a “market outperform” rating and a $42.00 price objective for the company. Finally, Citigroup began coverage on shares of EQPT in a report on Tuesday, February 17th. They set a “neutral” rating and a $35.00 price objective on the stock. Six analysts have rated the stock with a Buy rating and four have issued a Hold rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $43.75.

EQPT Stock Performance

NASDAQ:EQPT opened at $30.07 on Tuesday. EQPT has a 52-week low of $27.75 and a 52-week high of $35.50.

About EQPT

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