EquipmentShare.com (NASDAQ:EQPT) Reaches New 1-Year Low – Here’s Why

EquipmentShare.com Inc (NASDAQ:EQPT) reached a new 52-week low on Tuesday . The company traded as low as $17.95 and last traded at $17.8860, with a volume of 171803 shares trading hands. The stock had previously closed at $18.79.

Wall Street Analysts Forecast Growth

Several equities analysts have recently issued reports on the company. Wall Street Zen upgraded EquipmentShare.com from a “sell” rating to a “hold” rating in a research note on Saturday, March 14th. Truist Financial decreased their price target on EquipmentShare.com from $41.00 to $38.00 and set a “buy” rating for the company in a report on Thursday, July 2nd. BNP Paribas Exane started coverage on EquipmentShare.com in a research report on Monday, June 29th. They issued a “neutral” rating and a $22.00 price objective on the stock. Citizens Jmp reaffirmed a “market outperform” rating and set a $42.00 price objective on shares of EquipmentShare.com in a research note on Monday, June 22nd. Finally, Weiss Ratings lowered shares of EquipmentShare.com from a “sell (d+)” rating to a “sell (d)” rating in a report on Wednesday, May 20th. Six equities research analysts have rated the stock with a Buy rating, five have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, EquipmentShare.com has an average rating of “Hold” and a consensus target price of $37.89.

EquipmentShare.com Trading Down 3.7%

The firm has a market capitalization of $4.57 billion and a P/E ratio of 139.42. The stock has a fifty day moving average price of $21.54. The company has a debt-to-equity ratio of 2.71, a quick ratio of 1.90 and a current ratio of 2.47.

EquipmentShare.com (NASDAQ:EQPT) last issued its quarterly earnings data on Wednesday, May 13th. The company reported ($0.11) EPS for the quarter, beating the consensus estimate of ($0.26) by $0.15. The business had revenue of $989.00 million during the quarter. The company’s revenue for the quarter was up 38.1% compared to the same quarter last year. On average, research analysts forecast that EquipmentShare.com Inc will post 0.54 EPS for the current fiscal year.

Insider Activity at EquipmentShare.com

In related news, CEO Jabbok Schlacks acquired 50,000 shares of the firm’s stock in a transaction on Monday, June 15th. The shares were acquired at an average cost of $21.12 per share, with a total value of $1,056,000.00. Following the completion of the acquisition, 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 position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director Naveen Bhatia bought 10,000 shares of the company’s stock in a transaction dated Friday, May 15th. The stock was bought at an average price of $24.22 per share, for a total transaction of $242,200.00. Following the transaction, the director owned 312,000 shares of the company’s stock, valued at approximately $7,556,640. This trade represents a 3.31% increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. In the last quarter, insiders have purchased 81,803 shares of company stock valued at $1,797,271.

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.