EQPT’s (NASDAQ:EQPT) Quiet Period Set To End on March 4th

EQPT’s (NASDAQ:EQPT) quiet period is set to end on Wednesday, March 4th. EQPT had issued 30,500,000 shares in its IPO on January 23rd. The total size of the offering was $747,250,000 based on an initial share price of $24.50. During the company’s quiet period, insiders and underwriters that worked on the IPO are restricted from issuing any earnings forecasts or research reports for the company because of SEC regulations. Following the end of the company’s quiet period, the brokerages that served as underwriters will likely initiate research coverage on the company.

Wall Street Analysts Forecast Growth

A number of research analysts recently issued reports on the company. Truist Financial started coverage on EQPT in a research note on Tuesday, February 17th. They set a “buy” rating and a $43.00 price objective for the company. Zacks Research raised shares of EQPT to a “hold” rating in a report on Wednesday, February 18th. UBS Group assumed coverage on shares of EQPT in a research report on Tuesday, February 17th. They issued a “neutral” rating and a $36.00 price target for the company. Wall Street Zen cut shares of EQPT from a “hold” rating to a “sell” rating in a research note on Saturday, February 21st. Finally, Citizens Jmp began coverage on shares of EQPT in a research note on Tuesday, February 17th. They set a “market outperform” rating and a $42.00 target price on the stock. Six analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $43.75.

EQPT Stock Down 1.5%

NASDAQ EQPT opened at $29.02 on Friday. EQPT has a 12 month low of $27.75 and a 12 month high of $35.50.

EQPT 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.