EquipmentShare.com (NASDAQ:EQPT) Price Target Raised to $22.00

EquipmentShare.com (NASDAQ:EQPT) had its price objective lifted by Citigroup from $19.00 to $22.00 in a research report released on Monday morning,Benzinga reports. The firm currently has a neutral rating on the stock.

A number of other research firms have also weighed in on EQPT. BNP Paribas Exane assumed coverage on shares of EquipmentShare.com in a research note on Monday, June 29th. They issued a “neutral” rating and a $22.00 target price on the stock. Truist Financial dropped their price target on EquipmentShare.com from $41.00 to $38.00 and set a “buy” rating for the company in a research report on Thursday, July 2nd. Citizens Jmp reaffirmed a “market outperform” rating and issued a $42.00 price target on shares of EquipmentShare.com in a report on Monday, June 22nd. Wells Fargo & Company cut their price target on EquipmentShare.com from $32.00 to $25.00 and set an “overweight” rating for the company in a report on Tuesday, July 14th. Finally, Weiss Ratings downgraded EquipmentShare.com from a “sell (d+)” rating to a “sell (d)” rating in a research report on Wednesday, May 20th. Six investment analysts have rated the stock with a Buy rating, five have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of $36.67.

EquipmentShare.com Stock Up 0.7%

Shares of EquipmentShare.com stock opened at $19.68 on Monday. The company has a current ratio of 2.42, a quick ratio of 1.91 and a debt-to-equity ratio of 3.16. EquipmentShare.com has a twelve month low of $15.71 and a twelve month high of $35.50. The company has a 50-day simple moving average of $19.81. The stock has a market cap of $4.97 billion and a price-to-earnings ratio of 63.48.

EquipmentShare.com (NASDAQ:EQPT) last posted its quarterly earnings data on Wednesday, August 12th. The company reported $0.18 earnings per share for the quarter, topping analysts’ consensus estimates of ($0.10) by $0.28. The company had revenue of $1.45 billion for the quarter. On average, sell-side analysts expect that EquipmentShare.com will post 0.38 EPS for the current year.

EquipmentShare.com declared that its board has authorized a share buyback program on Friday, July 10th that authorizes the company to buyback $500.00 million in shares. This buyback authorization authorizes the company to buy up to 12.4% of its shares through open market purchases. Shares buyback programs are generally a sign that the company’s board believes its stock is undervalued.

Insider Activity at EquipmentShare.com

In other news, insider William J. Schlacks purchased 4,000 shares of the firm’s stock in a transaction on Tuesday, August 18th. The shares were bought at an average cost of $19.56 per share, for a total transaction of $78,240.00. Following the completion of the purchase, the insider directly owned 58,950 shares of the company’s stock, valued at approximately $1,153,062. This trade represents a 7.28% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, major shareholder Neil Chheda sold 896,945 shares of the business’s stock in a transaction on Tuesday, August 18th. The shares were sold at an average price of $20.62, for a total value of $18,495,005.90. Following the completion of the sale, the insider owned 1,617,752 shares in the company, valued at $33,358,046.24. This represents a 35.67% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last quarter, insiders purchased 58,950 shares of company stock worth $1,238,892 and sold 2,201,032 shares worth $45,393,501. 32.81% of the stock is owned by insiders.

Institutional Trading of EquipmentShare.com

A hedge fund recently bought a new stake in EquipmentShare.com stock. Bank of New York Mellon Corp purchased a new position in shares of EquipmentShare.com Inc (NASDAQ:EQPT) during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor purchased 16,605 shares of the company’s stock, valued at approximately $326,000.

Key Stories Impacting EquipmentShare.com

Here are the key news stories impacting EquipmentShare.com this week:

• Positive Sentiment: Citigroup raised its price target for EquipmentShare.com (EQPT) from $19 to $22 while maintaining a neutral rating. The revision suggests some potential upside, although the unchanged rating limits the bullish impact. Citigroup raises EquipmentShare.com price target
• Positive Sentiment: Insider William Schlacks purchased 1,850 EQPT shares for approximately $38,500 on August 14, following additional purchases of 3,100 shares on August 17 and 4,000 shares on August 18. The buying may signal confidence in the company’s valuation. EquipmentShare.com insider purchase filing
• Positive Sentiment: The company’s latest quarterly results were stronger than expected, with earnings of $0.18 per share versus consensus expectations for a $0.10 loss and revenue of $1.45 billion. A previously authorized $500 million share-repurchase program also provides potential support for the stock.
• Neutral Sentiment: Several law firms reiterated the September 21, 2026 deadline for investors to seek lead-plaintiff status in the same previously filed securities class action. The announcements are largely duplicative, but they keep legal concerns in focus. EquipmentShare securities lawsuit deadline
• Negative Sentiment: The lawsuit alleges that EquipmentShare’s IPO disclosures understated or failed to adequately describe related-party transactions involving founder-affiliated entities, including the OWN Program and T3 platform. If substantiated, the claims could lead to litigation costs, reputational damage and financial liabilities. EquipmentShare related-party transaction lawsuit allegations
• Negative Sentiment: Major shareholder Neil Chheda sold roughly 2.2 million EQPT shares for about $45.4 million across August 14 and August 18. Although he retains a large position, the sizable sales may indicate reduced conviction and create near-term supply pressure. EquipmentShare major shareholder sale filing

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.