Insider Buying: EquipmentShare.com (NASDAQ:EQPT) CEO Buys $1,056,000.00 in Stock

EquipmentShare.com Inc (NASDAQ:EQPT) CEO Jabbok Schlacks acquired 50,000 shares of the stock in a transaction dated Monday, June 15th. The shares were bought at an average cost of $21.12 per share, with a total value of $1,056,000.00. Following the completion of the purchase, the chief executive officer directly owned 50,000 shares in the company, valued at approximately $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 can be accessed through the SEC website.

EquipmentShare.com Price Performance

EQPT stock opened at $26.32 on Friday. 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 firm has a market cap of $6.64 billion and a P/E ratio of 202.46. The business’s fifty day moving average price is $21.67. EquipmentShare.com Inc has a 52 week low of $17.95 and a 52 week high of $35.50.

EquipmentShare.com (NASDAQ:EQPT) last posted its quarterly earnings results on Wednesday, May 13th. The company reported ($0.11) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.26) by $0.15. The firm 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 expect that EquipmentShare.com Inc will post 0.55 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several research analysts recently commented on the stock. Wells Fargo & Company cut their price target on shares of EquipmentShare.com from $35.00 to $32.00 and set an “overweight” rating on the stock in a report on Monday, April 13th. Wall Street Zen raised shares of EquipmentShare.com from a “sell” rating to a “hold” rating in a research report on Saturday, March 14th. Weiss Ratings downgraded shares of EquipmentShare.com from a “sell (d+)” rating to a “sell (d)” rating in a research note on Wednesday, May 20th. Citigroup lifted their target price on shares of EquipmentShare.com from $22.00 to $26.00 and gave the company a “neutral” rating in a report on Friday, May 15th. Finally, Robert W. Baird lowered their price target on EquipmentShare.com from $63.00 to $55.00 and set an “outperform” rating for the company in a report on Friday, March 20th. Six analysts have rated the stock with a Buy rating, four have assigned a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, EquipmentShare.com currently has a consensus rating of “Hold” and an average price target 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.