EquipmentShare.com (NASDAQ:EQPT) Shares Gap Up Following Insider Buying Activity

Shares of EquipmentShare.com Inc (NASDAQ:EQPT) gapped up prior to trading on Thursday following insider buying activity. The stock had previously closed at $23.36, but opened at $25.03. EquipmentShare.com shares last traded at $25.4460, with a volume of 447,512 shares traded.

Specifically, CEO Jabbok Schlacks acquired 50,000 shares of the business’s stock in a transaction that occurred on Monday, June 15th. The stock was purchased at an average cost of $21.12 per share, with a total value of $1,056,000.00. Following the transaction, the chief executive officer owned 50,000 shares of the company’s stock, valued at $1,056,000. This trade represents a ∞ increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink.

Analyst Ratings Changes

EQPT has been the topic of a number of research analyst reports. Truist Financial reissued a “buy” rating and issued a $41.00 target price (up from $34.00) on shares of EquipmentShare.com in a research report on Friday, May 15th. Wall Street Zen raised EquipmentShare.com from a “sell” rating to a “hold” rating in a research note on Saturday, March 14th. Zacks Research upgraded EquipmentShare.com to a “hold” rating in a report on Wednesday, February 18th. Robert W. Baird lowered their target price on EquipmentShare.com from $63.00 to $55.00 and set an “outperform” rating for the company in a report on Friday, March 20th. Finally, Citigroup lifted their target price on EquipmentShare.com from $22.00 to $26.00 and gave the company a “neutral” rating in a research report on Friday, May 15th. Six investment analysts have rated the stock with a Buy rating, four have assigned a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of $40.25.

EquipmentShare.com Stock Performance

The company has a debt-to-equity ratio of 2.71, a current ratio of 2.47 and a quick ratio of 1.90. The firm has a 50-day simple moving average of $21.41. The stock has a market capitalization of $6.41 billion and a price-to-earnings ratio of 196.12.

EquipmentShare.com (NASDAQ:EQPT) last issued its quarterly earnings data 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 company had revenue of $989.00 million for the quarter. The firm’s quarterly revenue was up 38.1% on a year-over-year basis. As a group, analysts anticipate that EquipmentShare.com Inc will post 0.55 earnings per share for the current year.

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.