EquipmentShare.com (NASDAQ:EQPT) Director Naveen Bhatia Acquires 10,000 Shares

EquipmentShare.com Inc (NASDAQ:EQPT) Director Naveen Bhatia purchased 10,000 shares of the stock in a transaction dated Friday, May 15th. The stock was acquired at an average cost of $24.22 per share, with a total value of $242,200.00. Following the transaction, the director directly owned 312,000 shares in the company, valued at approximately $7,556,640. This trade represents a 3.31% increase in their position. The acquisition was disclosed in a filing with the SEC, which is available at this hyperlink.

EquipmentShare.com Price Performance

Shares of EQPT opened at $24.29 on Friday. The stock has a 50 day simple moving average of $22.49. EquipmentShare.com Inc has a fifty-two week low of $17.95 and a fifty-two week high of $35.50.

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, topping the consensus estimate of ($0.26) by $0.15. The business had revenue of $989.00 million during the quarter. EquipmentShare.com’s revenue was up 38.1% on a year-over-year basis. As a group, equities analysts expect that EquipmentShare.com Inc will post 0.47 EPS for the current year.

Analysts Set New Price Targets

Several brokerages have recently weighed in on EQPT. Robert W. Baird lowered their price target on shares of EquipmentShare.com from $63.00 to $55.00 and set an “outperform” rating for the company in a research report on Friday, March 20th. KeyCorp began coverage on shares of EquipmentShare.com in a research report on Tuesday, February 17th. They issued a “sector weight” rating for the company. UBS Group began coverage on shares of EquipmentShare.com in a research report on Tuesday, February 17th. They issued a “neutral” rating and a $36.00 price target for the company. Truist Financial reiterated a “buy” rating and set a $41.00 price objective (up from $34.00) on shares of EquipmentShare.com in a research note on Friday. Finally, Wells Fargo & Company reduced their price objective on shares of EquipmentShare.com from $35.00 to $32.00 and set an “overweight” rating for the company in a research note on Monday, April 13th. Six investment analysts have rated the stock with a Buy rating, four have assigned a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus target price of $40.25.

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.