EquipmentShare.com (NASDAQ:EQPT) Reaches New 12-Month Low – Should You Sell?

EquipmentShare.com Inc (NASDAQ:EQPT) reached a new 52-week low on Tuesday . The stock traded as low as $17.95 and last traded at $17.8860, with a volume of 171803 shares changing hands. The stock had previously closed at $18.79.

Analysts Set New Price Targets

EQPT has been the topic of a number of research analyst reports. Wells Fargo & Company lowered their price target on EquipmentShare.com from $35.00 to $32.00 and set an “overweight” rating on the stock in a research note on Monday, April 13th. Robert W. Baird decreased their price objective on EquipmentShare.com from $63.00 to $55.00 and set an “outperform” rating on the stock in a report on Friday, March 20th. Wall Street Zen raised shares of EquipmentShare.com from a “sell” rating to a “hold” rating in a research note on Saturday, March 14th. Citizens Jmp reaffirmed a “market outperform” rating and set a $42.00 target price on shares of EquipmentShare.com in a report on Monday, June 22nd. Finally, Citigroup increased their target price on shares of EquipmentShare.com from $22.00 to $26.00 and gave the company a “neutral” rating in a research report on Friday, May 15th. Six equities research analysts have rated the stock with a Buy rating, five have given a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, EquipmentShare.com has an average rating of “Hold” and a consensus target price of $37.89.

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 $21.54. The company has a market capitalization of $4.57 billion and a price-to-earnings ratio of 139.42.

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

Insider Buying and Selling at EquipmentShare.com

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