Naveen Bhatia Buys 10,000 Shares of EquipmentShare.com (NASDAQ:EQPT) Stock

EquipmentShare.com Inc (NASDAQ:EQPT) Director Naveen Bhatia purchased 10,000 shares of the business’s stock in a transaction that occurred on Friday, May 15th. The stock was bought at an average cost of $24.22 per share, for a total transaction of $242,200.00. Following the completion of the acquisition, the director directly owned 312,000 shares in the company, valued at $7,556,640. The trade was a 3.31% increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website.

EquipmentShare.com Price Performance

EQPT opened at $24.29 on Friday. The firm’s 50-day moving average is $22.49. EquipmentShare.com Inc has a fifty-two week low of $17.95 and a fifty-two week high of $35.50.

EquipmentShare.com (NASDAQ:EQPT) last released its earnings results on Wednesday, May 13th. The company reported ($0.11) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.26) by $0.15. The company had revenue of $989.00 million during the quarter. The business’s revenue was up 38.1% compared to the same quarter last year. Analysts predict that EquipmentShare.com Inc will post 0.48 earnings per share for the current year.

Analyst Ratings Changes

A number of research firms have weighed in on EQPT. Wells Fargo & Company dropped their target price on shares of EquipmentShare.com from $35.00 to $32.00 and set an “overweight” rating on the stock in a research note on Monday, April 13th. Weiss Ratings upgraded shares of EquipmentShare.com from a “sell (d)” rating to a “sell (d+)” rating in a research note on Wednesday, April 29th. Robert W. Baird dropped their target price on shares of EquipmentShare.com from $63.00 to $55.00 and set an “outperform” rating on the stock in a research note on Friday, March 20th. Zacks Research upgraded shares of EquipmentShare.com to a “hold” rating in a research note on Wednesday, February 18th. Finally, The Goldman Sachs Group began coverage on shares of EquipmentShare.com in a research note on Tuesday, February 17th. They issued a “buy” rating and a $51.00 target price on the stock. Six investment analysts have rated the stock with a Buy rating, four have issued a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $40.25.

About EquipmentShare.com

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