Stock Traders Purchase High Volume of Call Options on EquipmentShare.com (NASDAQ:EQPT)

EquipmentShare.com Inc (NASDAQ:EQPT) saw unusually large options trading on Tuesday. Investors purchased 39,099 call options on the company. This represents an increase of approximately 4,348% compared to the average daily volume of 879 call options.

Insider Transactions at EquipmentShare.com

In other EquipmentShare.com news, CEO Jabbok Schlacks purchased 50,000 shares of the firm’s stock in a transaction dated Monday, June 15th. The stock was bought at an average price of $21.12 per share, with a total value of $1,056,000.00. Following the completion of the purchase, the chief executive officer owned 50,000 shares in the company, valued at $1,056,000. This trade represents a ? increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Naveen Bhatia purchased 10,000 shares of the stock in a transaction dated Friday, May 15th. The shares were acquired at an average cost of $24.22 per share, for a total transaction of $242,200.00. Following the completion of the acquisition, the director directly owned 312,000 shares of the company’s stock, valued at approximately $7,556,640. This trade represents a 3.31% increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. Over the last quarter, insiders acquired 81,803 shares of company stock valued at $1,797,271.

Analyst Ratings Changes

EQPT has been the topic of a number of recent analyst reports. Wells Fargo & Company dropped their price target on shares of EquipmentShare.com from $32.00 to $25.00 and set an “overweight” rating on the stock in a research report on Tuesday. Truist Financial lowered their price objective on shares of EquipmentShare.com from $41.00 to $38.00 and set a “buy” rating on the stock in a research note on Thursday, July 2nd. Weiss Ratings cut EquipmentShare.com from a “sell (d+)” rating to a “sell (d)” rating in a report on Wednesday, May 20th. Citigroup upped 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. Finally, BNP Paribas Exane assumed coverage on EquipmentShare.com in a research note on Monday, June 29th. They set a “neutral” rating and a $22.00 price target for the company. Six investment analysts have rated the stock with a Buy rating, five have issued a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price of $36.33.

EquipmentShare.com Stock Performance

NASDAQ EQPT traded up $0.45 on Tuesday, reaching $17.28. The company’s stock had a trading volume of 1,769,566 shares, compared to its average volume of 2,010,386. EquipmentShare.com has a twelve month low of $15.95 and a twelve month high of $35.50. 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 company has a market capitalization of $4.36 billion and a PE ratio of 132.85. The business has a 50 day moving average price of $21.07.

EquipmentShare.com (NASDAQ:EQPT) last posted its quarterly earnings data on Wednesday, May 13th. The company reported ($0.11) earnings per share for the quarter, beating the consensus estimate of ($0.26) by $0.15. The business had revenue of $989.00 million for the quarter. EquipmentShare.com’s revenue for the quarter was up 38.1% on a year-over-year basis. Equities research analysts anticipate that EquipmentShare.com will post 0.46 EPS for the current fiscal year.

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

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.