EquipmentShare.com Inc (NASDAQ:EQPT) Receives Average Recommendation of “Hold” from Analysts

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

Several brokerages recently weighed in on EQPT. Citizens Jmp restated a “market outperform” rating and set a $42.00 price objective on shares of EquipmentShare.com in a research report on Monday, June 22nd. Weiss Ratings cut EquipmentShare.com from a “sell (d+)” rating to a “sell (d)” rating in a research report on Wednesday, May 20th. Truist Financial lowered their target price on EquipmentShare.com from $41.00 to $38.00 and set a “buy” rating for the company in a research note on Thursday, July 2nd. Citigroup increased their target price on shares of EquipmentShare.com from $18.00 to $19.00 and gave the stock a “neutral” rating in a report on Tuesday. Finally, Robert W. Baird reduced their price target on shares of EquipmentShare.com from $63.00 to $55.00 and set an “outperform” rating on the stock in a research note on Friday, March 20th.

EquipmentShare.com Trading Down 2.8%

Shares of NASDAQ:EQPT opened at $17.15 on Friday. The firm has a 50 day moving average price of $20.90. EquipmentShare.com has a 12 month low of $15.95 and a 12 month high of $35.50. The company has a quick ratio of 1.90, a current ratio of 2.47 and a debt-to-equity ratio of 2.71. The firm has a market cap of $4.33 billion and a PE ratio of 131.92.

EquipmentShare.com (NASDAQ:EQPT) last released 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 business had revenue of $989.00 million for the quarter. EquipmentShare.com’s revenue was up 38.1% compared to the same quarter last year. On average, research analysts predict that EquipmentShare.com will post 0.46 EPS for the current fiscal year.

EquipmentShare.com declared that its Board of Directors has approved a stock buyback plan on Friday, July 10th that authorizes the company to repurchase $500.00 million in shares. This repurchase authorization authorizes the company to buy up to 12.4% of its shares through open market purchases. Shares repurchase plans are generally an indication that the company’s board of directors believes its shares are undervalued.

Insiders Place Their Bets

In other news, CEO Jabbok Schlacks acquired 50,000 shares of the business’s stock in a transaction that occurred on Monday, June 15th. The shares were bought at an average price of $21.12 per share, with a total value of $1,056,000.00. Following the acquisition, the chief executive officer directly owned 50,000 shares in the company, valued at $1,056,000. The trade was a ? increase in their position. The acquisition was disclosed in a filing with the SEC, which is available through this hyperlink. Also, Director Naveen Bhatia acquired 10,000 shares of the business’s stock in a transaction that occurred on Friday, May 15th. The shares were purchased at an average cost of $24.22 per share, for a total transaction of $242,200.00. Following the acquisition, the director owned 312,000 shares in the company, valued at $7,556,640. This represents a 3.31% increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. 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.