EquipmentShare.com Inc (NASDAQ:EQPT) Given Consensus Recommendation of “Hold” by Brokerages

EquipmentShare.com Inc (NASDAQ:EQPT) has been assigned a consensus recommendation of “Hold” from the twelve analysts that are covering the firm, MarketBeat reports. One analyst has rated the stock with a sell recommendation, five have given a hold recommendation and six have assigned a buy recommendation to the company. The average 1-year price objective among brokerages that have issued ratings on the stock in the last year is $36.3333.

Several equities research analysts have recently commented on the company. Truist Financial decreased their price target on EquipmentShare.com from $41.00 to $38.00 and set a “buy” rating on the stock in a research note on Thursday, July 2nd. Citizens Jmp reaffirmed a “market outperform” rating and issued a $42.00 price objective on shares of EquipmentShare.com in a research note on Monday, June 22nd. Weiss Ratings cut EquipmentShare.com from a “sell (d+)” rating to a “sell (d)” rating in a report on Wednesday, May 20th. Citigroup boosted their target price on EquipmentShare.com from $18.00 to $19.00 and gave the stock a “neutral” rating in a research report on Tuesday, July 14th. Finally, BNP Paribas Exane initiated coverage on EquipmentShare.com in a report on Monday, June 29th. They issued a “neutral” rating and a $22.00 target price on the stock.

Insider Buying and Selling

In other EquipmentShare.com news, Director W Bryan Hill bought 21,803 shares of the company’s stock in a transaction on Tuesday, May 19th. The stock was purchased at an average cost of $22.89 per share, for a total transaction of $499,070.67. Following the acquisition, the director owned 35,794 shares of the company’s stock, valued at $819,324.66. The trade was a 155.84% increase in their position. The acquisition was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CEO Jabbok Schlacks bought 50,000 shares of the company’s stock in a transaction on Monday, June 15th. The shares were acquired at an average price 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 $1,056,000. This represents a ∞ increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. Insiders have acquired 81,803 shares of company stock worth $1,797,271 in the last three months. Corporate insiders own 32.81% of the company’s stock.

Institutional Trading of EquipmentShare.com

An institutional investor recently bought a new position in EquipmentShare.com stock. Bank of New York Mellon Corp acquired a new position in shares of EquipmentShare.com Inc (NASDAQ:EQPT) in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm acquired 16,605 shares of the company’s stock, valued at approximately $326,000.

EquipmentShare.com Trading Down 3.5%

EQPT stock opened at $19.75 on Tuesday. The company has a current ratio of 2.47, a quick ratio of 1.90 and a debt-to-equity ratio of 2.71. The business’s 50-day moving average is $19.72. EquipmentShare.com has a 52 week low of $15.71 and a 52 week high of $35.50. The stock has a market capitalization of $4.98 billion and a P/E ratio of 151.92.

EquipmentShare.com (NASDAQ:EQPT) last issued its earnings results on Wednesday, May 13th. The company reported ($0.11) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.26) by $0.15. The company had revenue of $989.00 million during the quarter. EquipmentShare.com’s revenue was up 38.1% compared to the same quarter last year. On average, equities research analysts expect that EquipmentShare.com will post 0.46 earnings per share for the current year.

EquipmentShare.com declared that its board has initiated a stock repurchase program on Friday, July 10th that permits the company to buyback $500.00 million in shares. This buyback authorization permits the company to reacquire up to 12.4% of its shares through open market purchases. Shares buyback programs are often a sign that the company’s leadership believes its stock is undervalued.

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.