EquipmentShare.com (NASDAQ:EQPT) Given “Market Outperform” Rating at Citizens Jmp

EquipmentShare.com (NASDAQ:EQPT)‘s stock had its “market outperform” rating reiterated by equities research analysts at Citizens Jmp in a note issued to investors on Monday,Benzinga reports. They presently have a $42.00 price target on the stock. Citizens Jmp’s price target suggests a potential upside of 65.71% from the stock’s current price.

Several other equities analysts have also recently issued reports on the company. Citigroup boosted their target price on EquipmentShare.com from $22.00 to $26.00 and gave the stock a “neutral” rating in a research report on Friday, May 15th. Truist Financial restated a “buy” rating and set a $41.00 target price (up from $34.00) on shares of EquipmentShare.com in a research report on Friday, May 15th. Wells Fargo & Company lowered their price target 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. Wall Street Zen upgraded shares of EquipmentShare.com from a “sell” rating to a “hold” rating in a research note on Saturday, March 14th. Finally, Robert W. Baird lowered 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 report on Friday, March 20th. Six equities research analysts have rated the stock with a Buy rating, four have given a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $40.25.

EquipmentShare.com Stock Performance

EquipmentShare.com stock traded down $0.97 during mid-day trading on Monday, reaching $25.34. 401,547 shares of the company were exchanged, compared to its average volume of 1,803,477. The stock has a 50-day moving average price of $21.67. EquipmentShare.com has a twelve month low of $17.95 and a twelve month high of $35.50. The stock has a market capitalization of $6.40 billion and a price-to-earnings ratio of 194.27. The company has a current ratio of 2.47, a quick ratio of 1.90 and a debt-to-equity ratio of 2.71.

EquipmentShare.com (NASDAQ:EQPT) last released its quarterly earnings results on Wednesday, May 13th. The company reported ($0.11) EPS for the quarter, topping the consensus estimate of ($0.26) by $0.15. The company had revenue of $989.00 million for the quarter. EquipmentShare.com’s revenue was up 38.1% on a year-over-year basis. As a group, equities research analysts anticipate that EquipmentShare.com will post 0.55 EPS for the current year.

Insiders Place Their Bets

In related news, Director Naveen Bhatia bought 10,000 shares of the firm’s stock in a transaction that occurred on Friday, May 15th. The shares were acquired at an average cost of $24.22 per share, with a total value of $242,200.00. Following the completion of the transaction, the director owned 312,000 shares of the company’s stock, valued at approximately $7,556,640. The trade was a 3.31% increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CEO Jabbok Schlacks acquired 50,000 shares of the stock in a transaction dated Monday, June 15th. The shares were bought at an average cost of $21.12 per share, with a total value of $1,056,000.00. Following the completion of the purchase, the chief executive officer directly owned 50,000 shares in the company, valued at approximately $1,056,000. This trade represents a ∞ increase in their ownership of the stock. The disclosure for this purchase is available in the SEC filing. Insiders have acquired a total of 81,803 shares of company stock valued at $1,797,271 in the last quarter.

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.