EquipmentShare.com (NASDAQ:EQPT) Director Purchases $242,200.00 in Stock

EquipmentShare.com Inc (NASDAQ:EQPT) Director Naveen Bhatia acquired 10,000 shares of the company’s stock in a transaction that occurred on Friday, May 15th. The shares were bought at an average cost of $24.22 per share, for a total transaction of $242,200.00. Following the acquisition, the director directly owned 312,000 shares in the company, valued at $7,556,640. This represents a 3.31% increase in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website.

EquipmentShare.com Stock Performance

EQPT traded down $0.21 during trading on Friday, reaching $24.29. 3,095,438 shares of the company were exchanged, compared to its average volume of 1,779,504. The company has a 50-day simple moving average of $22.60. EquipmentShare.com Inc has a 12-month low of $17.95 and a 12-month high of $35.50.

EquipmentShare.com (NASDAQ:EQPT) last issued its quarterly earnings data on Wednesday, May 13th. The company reported ($0.11) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.26) by $0.15. The company had revenue of $989.00 million for the quarter. The business’s revenue was up 38.1% on a year-over-year basis. On average, research analysts forecast that EquipmentShare.com Inc will post 0.47 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several analysts have weighed in on EQPT shares. KeyCorp started coverage on EquipmentShare.com in a report on Tuesday, February 17th. They issued a “sector weight” rating on the stock. The Goldman Sachs Group started coverage on EquipmentShare.com in a report on Tuesday, February 17th. They issued a “buy” rating and a $51.00 price target on the stock. Robert W. Baird lowered their price target on EquipmentShare.com from $63.00 to $55.00 and set an “outperform” rating on the stock in a report on Friday, March 20th. Wall Street Zen raised EquipmentShare.com from a “sell” rating to a “hold” rating in a report on Saturday, March 14th. Finally, Zacks Research raised EquipmentShare.com to a “hold” rating in a report on Wednesday, February 18th. Six research analysts have rated the stock with a Buy rating, four have given a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, the company has an average rating of “Hold” and a consensus target price of $40.25.

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.