Jabbok Schlacks Acquires 50,000 Shares of EquipmentShare.com (NASDAQ:EQPT) Stock

EquipmentShare.com Inc (NASDAQ:EQPT) 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 acquisition, the chief executive officer owned 50,000 shares of the company’s stock, valued at $1,056,000. The trade was a ∞ increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website.

EquipmentShare.com Trading Up 12.7%

Shares of NASDAQ EQPT opened at $26.32 on Friday. EquipmentShare.com Inc has a 12-month low of $17.95 and a 12-month high of $35.50. The company has a market capitalization of $6.64 billion and a price-to-earnings ratio of 202.46. The company has a debt-to-equity ratio of 2.71, a current ratio of 2.47 and a quick ratio of 1.90. The firm’s 50 day simple moving average is $21.55.

EquipmentShare.com (NASDAQ:EQPT) last released its quarterly earnings results on Wednesday, May 13th. The company reported ($0.11) earnings per share for the quarter, topping the consensus estimate of ($0.26) by $0.15. The business had revenue of $989.00 million during the quarter. The business’s quarterly revenue was up 38.1% compared to the same quarter last year. Sell-side analysts predict that EquipmentShare.com Inc will post 0.55 EPS for the current year.

Analyst Ratings Changes

Several equities analysts recently weighed in on the company. Wall Street Zen upgraded EquipmentShare.com from a “sell” rating to a “hold” rating in a research report on Saturday, March 14th. Truist Financial reaffirmed a “buy” rating and issued a $41.00 price objective (up from $34.00) on shares of EquipmentShare.com in a research note on Friday, May 15th. Robert W. Baird lowered their price objective on EquipmentShare.com from $63.00 to $55.00 and set an “outperform” rating on the stock in a research report on Friday, March 20th. Wells Fargo & Company cut their price objective on EquipmentShare.com from $35.00 to $32.00 and set an “overweight” rating for the company in a research note on Monday, April 13th. Finally, Citigroup increased their target price on shares of EquipmentShare.com from $22.00 to $26.00 and gave the stock a “neutral” rating in a report on Friday, May 15th. Six equities research analysts have rated the stock with a Buy rating, four have assigned a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, EquipmentShare.com currently has a consensus rating of “Hold” and an average price target of $40.25.

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.