EquipmentShare.com (NASDAQ:EQPT) Trading Down 5.7% – Time to Sell?

EquipmentShare.com Inc (NASDAQ:EQPT)’s stock price was down 5.7% on Thursday . The company traded as low as $21.22 and last traded at $21.0340. Approximately 584,304 shares traded hands during trading, a decline of 68% from the average session volume of 1,836,835 shares. The stock had previously closed at $22.30.

Analyst Ratings Changes

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

EquipmentShare.com Stock Performance

The stock has a market capitalization of $5.12 billion and a P/E ratio of 155.79. 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 company has a 50 day moving average price of $21.88.

EquipmentShare.com (NASDAQ:EQPT) last announced 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 business had revenue of $989.00 million for the quarter. The company’s revenue for the quarter was up 38.1% on a year-over-year basis. Sell-side analysts predict that EquipmentShare.com Inc will post 0.55 earnings per share for the current year.

Insider Buying and Selling

In other EquipmentShare.com news, CEO Jabbok Schlacks purchased 50,000 shares of the business’s 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 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 ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director W Bryan Hill bought 21,803 shares of the business’s stock in a transaction that occurred on Tuesday, May 19th. The shares were bought at an average price of $22.89 per share, with a total value of $499,070.67. Following the completion of the purchase, the director owned 35,794 shares in the company, valued at approximately $819,324.66. The trade was a 155.84% increase in their ownership of the stock. The SEC filing for this purchase provides additional information. In the last 90 days, insiders acquired 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.