EquipmentShare.com Inc (EQPT) – What Are Investment Firms Saying About This Stock?

Shares of EquipmentShare.com Inc (NASDAQ:EQPT) have received a consensus rating of “Hold” from the twelve research firms that are covering the company, Marketbeat reports. One investment analyst has rated the stock with a sell recommendation, five have assigned a hold recommendation and six have issued a buy recommendation on the company. The average 1-year target price among brokers that have covered the stock in the last year is $30.67.

Several research firms have issued reports on EQPT. Citigroup dropped their price target on EquipmentShare.com from $17.00 to $16.00 and set a “neutral” rating on the stock in a report on Tuesday, October 20th. Truist Financial dropped their price target on EquipmentShare.com from $35.00 to $31.00 and set a “buy” rating on the stock in a research note on Monday, October 5th. UBS Group dropped their price target on EquipmentShare.com from $24.00 to $22.00 and set a “neutral” rating on the stock in a research note on Thursday, August 20th. Robert W. Baird cut their price objective on EquipmentShare.com from $35.00 to $28.00 and set an “outperform” rating on the stock in a report on Tuesday, October 20th. Finally, Wells Fargo & Company reduced their price objective on shares of EquipmentShare.com from $32.00 to $25.00 and set an “overweight” rating for the company in a research note on Tuesday, July 14th.

EquipmentShare.com Stock Performance

NASDAQ:EQPT opened at $16.01 on Friday. EquipmentShare.com has a twelve month low of $13.00 and a twelve month high of $35.50. The company has a current ratio of 2.42, a quick ratio of 1.91 and a debt-to-equity ratio of 3.16. The company has a 50-day moving average of $17.54 and a 200-day moving average of $19.52. The firm has a market cap of $4.06 billion and a price-to-earnings ratio of 51.65.

EquipmentShare.com (NASDAQ:EQPT) last issued its earnings results 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 business had revenue of $1.45 billion for the quarter. Analysts forecast that EquipmentShare.com will post 0.45 earnings per share for the current fiscal year.

EquipmentShare.com declared that its board has authorized a stock repurchase program on Friday, July 10th that permits the company to buy back $500.00 million in shares. This repurchase authorization permits the company to reacquire up to 12.4% of its shares through open market purchases. Share repurchase programs are usually an indication that the company’s leadership believes its stock is undervalued.

Insider Transactions at EquipmentShare.com

In other news, CEO Jabbok Schlacks purchased 22,900 shares of EquipmentShare.com stock in a transaction that occurred on Tuesday, September 15th. The stock was acquired at an average price of $17.76 per share, for a total transaction of $406,704.00. Following the transaction, the chief executive officer owned 125,000 shares in the company, valued at $2,220,000. The trade was a 22.43% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is available at this link. Also, insider William J. Schlacks purchased 4,000 shares of EquipmentShare.com stock in a transaction that occurred on Tuesday, August 18th. The stock was purchased at an average price of $19.56 per share, with a total value of $78,240.00. Following the transaction, the insider owned 58,950 shares in the company, valued at $1,153,062. This represents a 7.28% increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. Over the last ninety days, insiders have bought 85,950 shares of company stock valued at $1,537,422 and have sold 2,201,032 shares valued at $45,393,501. 32.81% of the stock is currently owned by insiders.

Institutional Trading of EquipmentShare.com

Several large investors have recently added to or reduced their stakes in the company. State of Alaska Department of Revenue purchased a new stake in shares of EquipmentShare.com in the third quarter valued at $157,000. Arizona State Retirement System purchased a new stake in EquipmentShare.com in the 2nd quarter worth about $205,000. Chico Wealth RIA purchased a new stake in EquipmentShare.com in the 2nd quarter worth about $322,000. Bank of New York Mellon Corp acquired a new stake in EquipmentShare.com during the 2nd quarter worth about $326,000. Finally, BigSur Wealth Management LLC acquired a new stake in EquipmentShare.com during the 3rd quarter worth about $434,000.

EquipmentShare.com Company Profile

EquipmentShare is a construction equipment rental and technology company that combines equipment, digital tools and services for contractors and other businesses. Its operations include the rental of construction equipment, equipment sales, maintenance and repair, transportation, and related support services.

The company’s technology platform, including its T3 telematics and fleet-management tools, is designed to help customers monitor equipment location, utilization, maintenance needs and operating conditions.