EquipmentShare.com (NASDAQ:EQPT) Director W Bryan Hill Acquires 21,803 Shares

EquipmentShare.com Inc (NASDAQ:EQPT) 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 completion of the transaction, 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 acquisition was disclosed in a legal filing with the SEC, which is available at this hyperlink.

EquipmentShare.com Price Performance

EQPT stock traded down $1.95 during mid-day trading on Wednesday, hitting $20.44. The stock had a trading volume of 3,155,610 shares, compared to its average volume of 1,814,398. EquipmentShare.com Inc has a 1-year low of $17.95 and a 1-year high of $35.50. The business’s fifty day moving average price is $22.12.

EquipmentShare.com (NASDAQ:EQPT) last issued its earnings results on Wednesday, May 13th. The company reported ($0.11) earnings per share for the quarter, topping the consensus estimate of ($0.26) by $0.15. The firm 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. As a group, research analysts expect that EquipmentShare.com Inc will post 0.55 EPS for the current year.

Wall Street Analyst Weigh In

EQPT has been the topic of a number of analyst reports. Wall Street Zen raised EquipmentShare.com from a “sell” rating to a “hold” rating in a report on Saturday, March 14th. Wells Fargo & Company lowered their price objective on EquipmentShare.com from $35.00 to $32.00 and set an “overweight” rating on the stock in a report on Monday, April 13th. Truist Financial reissued a “buy” rating and set a $41.00 price objective (up from $34.00) on shares of EquipmentShare.com in a report on Friday, May 15th. Robert W. Baird lowered their price objective on EquipmentShare.com from $63.00 to $55.00 and set an “outperform” rating on the stock in a report on Friday, March 20th. Finally, The Goldman Sachs Group initiated coverage on EquipmentShare.com in a report on Tuesday, February 17th. They set a “buy” rating and a $51.00 price objective on the stock. Six analysts have rated the stock with a Buy rating, four have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and an average target price of $40.25.

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.