Analysts Set EquipmentShare.com Inc (NASDAQ:EQPT) PT at $40.25

Shares of EquipmentShare.com Inc (NASDAQ:EQPT) have received a consensus rating of “Hold” from the eleven research firms that are covering the stock, MarketBeat Ratings reports. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and six have issued a buy rating on the company. The average 12 month price target among analysts that have issued ratings on the stock in the last year is $40.25.

Several research firms have recently commented on EQPT. Truist Financial reissued a “buy” rating and issued a $41.00 target price (up from $34.00) on shares of EquipmentShare.com in a report on Friday, May 15th. Wall Street Zen raised shares of EquipmentShare.com from a “sell” rating to a “hold” rating in a report on Saturday, March 14th. Citizens Jmp reissued a “market outperform” rating and issued a $42.00 target price on shares of EquipmentShare.com in a report on Monday, June 22nd. Citigroup boosted 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. 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 report on Friday, March 20th.

EquipmentShare.com Price Performance

EQPT opened at $20.48 on Monday. The company has a market capitalization of $5.17 billion and a price-to-earnings ratio of 157.54. EquipmentShare.com has a 1-year low of $17.95 and a 1-year high of $35.50. The stock has a 50 day moving average price of $21.87. 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 posted its quarterly earnings results on Wednesday, May 13th. The company reported ($0.11) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.26) by $0.15. The firm had revenue of $989.00 million during the quarter. EquipmentShare.com’s revenue for the quarter was up 38.1% compared to the same quarter last year. Equities analysts anticipate that EquipmentShare.com will post 0.54 earnings per share for the current year.

Insider Transactions at EquipmentShare.com

In related news, Director Naveen Bhatia bought 10,000 shares of the stock in a transaction dated Friday, May 15th. The shares were purchased at an average price of $24.22 per share, with a total value of $242,200.00. Following the completion of the acquisition, the director owned 312,000 shares of the company’s stock, valued at $7,556,640. This represents a 3.31% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Jabbok Schlacks bought 50,000 shares of the stock in a transaction dated Monday, June 15th. The stock was bought 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 directly owned 50,000 shares of the company’s stock, valued at approximately $1,056,000. This represents a ∞ increase in their position. The disclosure for this purchase is available in the SEC filing. Over the last quarter, insiders have purchased 81,803 shares of company stock valued at $1,797,271.

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.