EquipmentShare.com (NASDAQ:EQPT) CEO Jabbok Schlacks Acquires 50,000 Shares

EquipmentShare.com Inc (NASDAQ:EQPT) CEO Jabbok Schlacks bought 50,000 shares of the business’s stock in a transaction that occurred on Monday, June 15th. The shares were bought at an average price of $21.12 per share, with a total value of $1,056,000.00. Following the completion of the purchase, the chief executive officer owned 50,000 shares in the company, valued at approximately $1,056,000. The trade was a ? increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website.

EquipmentShare.com Stock Up 4.6%

NASDAQ EQPT traded up $1.02 during midday trading on Wednesday, hitting $23.36. The company had a trading volume of 2,718,329 shares, compared to its average volume of 1,804,488. The company has a debt-to-equity ratio of 2.71, a quick ratio of 1.90 and a current ratio of 2.47. The firm has a market cap of $5.90 billion and a PE ratio of 179.69. The stock has a fifty day moving average of $21.33. 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 data on Wednesday, May 13th. The company reported ($0.11) EPS for the quarter, beating analysts’ consensus estimates of ($0.26) by $0.15. The company 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. As a group, equities analysts predict that EquipmentShare.com Inc will post 0.55 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several equities analysts have commented on the company. Zacks Research raised EquipmentShare.com to a “hold” rating in a report on Wednesday, February 18th. KeyCorp started coverage on EquipmentShare.com in a research report on Tuesday, February 17th. They set a “sector weight” rating on the stock. Citigroup upped their target price on EquipmentShare.com from $22.00 to $26.00 and gave the company a “neutral” rating in a research note on Friday, May 15th. Robert W. Baird reduced their target price on EquipmentShare.com from $63.00 to $55.00 and set an “outperform” rating for the company in a research report on Friday, March 20th. Finally, The Goldman Sachs Group started coverage on shares of EquipmentShare.com in a research note on Tuesday, February 17th. They set a “buy” rating and a $51.00 price target on the stock. Six investment analysts have rated the stock with a Buy rating, four have assigned a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $40.25.

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.