EquipmentShare.com (NASDAQ:EQPT) Given New $26.00 Price Target at Citigroup

EquipmentShare.com (NASDAQ:EQPT) had its price target lifted by Citigroup from $22.00 to $26.00 in a research note published on Friday,Benzinga reports. The firm currently has a neutral rating on the stock.

A number of other research analysts have also issued reports on the company. The Goldman Sachs Group assumed coverage on EquipmentShare.com in a report on Tuesday, February 17th. They issued a “buy” rating and a $51.00 target price for the company. Wells Fargo & Company decreased their target price on EquipmentShare.com from $35.00 to $32.00 and set an “overweight” rating for the company in a report on Monday, April 13th. Zacks Research upgraded EquipmentShare.com to a “hold” rating in a report on Wednesday, February 18th. Truist Financial reiterated a “buy” rating and issued a $41.00 target price (up from $34.00) on shares of EquipmentShare.com in a report on Friday. Finally, KeyCorp assumed coverage on EquipmentShare.com in a report on Tuesday, February 17th. They issued a “sector weight” rating for the company. Six equities research analysts have rated the stock with a Buy rating, four have issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, EquipmentShare.com presently has an average rating of “Hold” and an average target price of $40.25.

EquipmentShare.com Stock Down 0.9%

EQPT opened at $24.29 on Friday. EquipmentShare.com has a 52 week low of $17.95 and a 52 week high of $35.50. The stock’s fifty day moving average price is $22.49.

EquipmentShare.com (NASDAQ:EQPT) last released its quarterly earnings results on Wednesday, May 13th. The company reported ($0.11) EPS for the quarter, topping the consensus estimate of ($0.26) by $0.15. The firm had revenue of $989.00 million for the quarter. The firm’s revenue for the quarter was up 38.1% compared to the same quarter last year. Equities research analysts predict that EquipmentShare.com will post 0.47 earnings per share for the current fiscal year.

Insider Transactions at EquipmentShare.com

In related news, Director Naveen Bhatia purchased 10,000 shares of the company’s stock in a transaction that occurred on Friday, May 15th. The shares were purchased at an average price of $24.22 per share, for a total transaction of $242,200.00. Following the transaction, the director directly owned 312,000 shares of the company’s stock, valued at approximately $7,556,640. The trade was a 3.31% increase in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link.

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.