EquipmentShare.com (NASDAQ:EQPT) Now Covered by Analysts at BNP Paribas Exane

Stock analysts at BNP Paribas Exane began coverage on shares of EquipmentShare.com (NASDAQ:EQPT) in a research note issued on Monday. The firm set a “neutral” rating and a $22.00 price target on the stock. BNP Paribas Exane’s target price suggests a potential upside of 7.42% from the stock’s previous close.

A number of other research firms have also weighed in on EQPT. Citigroup upped their target price on shares of EquipmentShare.com from $22.00 to $26.00 and gave the stock a “neutral” rating in a report on Friday, May 15th. Robert W. Baird cut their price target on EquipmentShare.com from $63.00 to $55.00 and set an “outperform” rating for the company in a research note on Friday, March 20th. Weiss Ratings lowered EquipmentShare.com from a “sell (d+)” rating to a “sell (d)” rating in a report on Wednesday, May 20th. Wall Street Zen raised EquipmentShare.com from a “sell” rating to a “hold” rating in a research note on Saturday, March 14th. Finally, Wells Fargo & Company dropped their target price on EquipmentShare.com from $35.00 to $32.00 and set an “overweight” rating on the stock in a report on Monday, April 13th. Six analysts have rated the stock with a Buy rating, five have given a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Hold” and an average price target of $38.22.

EquipmentShare.com Price Performance

Shares of EQPT opened at $20.48 on Monday. EquipmentShare.com has a 12-month low of $17.95 and a 12-month high of $35.50. The stock has a fifty day moving average price of $21.87. 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 company has a market cap of $5.17 billion and a PE ratio of 157.54.

EquipmentShare.com (NASDAQ:EQPT) last announced its quarterly earnings results on Wednesday, May 13th. The company reported ($0.11) EPS for the quarter, beating analysts’ consensus estimates of ($0.26) by $0.15. The business had revenue of $989.00 million for the quarter. EquipmentShare.com’s revenue for the quarter was up 38.1% on a year-over-year basis. On average, analysts expect that EquipmentShare.com will post 0.54 EPS for the current year.

Insider Activity at EquipmentShare.com

In other news, Director W Bryan Hill purchased 21,803 shares of the business’s stock in a transaction that occurred on Tuesday, May 19th. The shares were acquired at an average cost of $22.89 per share, for a total transaction of $499,070.67. Following the completion of the acquisition, the director owned 35,794 shares in the company, valued at $819,324.66. This trade represents a 155.84% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Naveen Bhatia acquired 10,000 shares of EquipmentShare.com stock in a transaction on Friday, May 15th. The stock was purchased at an average cost of $24.22 per share, with a total value of $242,200.00. Following the completion of the transaction, the director directly owned 312,000 shares in the company, valued at $7,556,640. This represents a 3.31% increase in their position. The disclosure for this purchase is available in the SEC filing. Insiders have bought 81,803 shares of company stock valued at $1,797,271 over the last ninety days.

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.