EquipmentShare.com (NASDAQ:EQPT) Sees Unusually-High Trading Volume Following Strong Earnings

Shares of EquipmentShare.com Inc (NASDAQ:EQPT) saw unusually-strong trading volume on Thursday after the company announced better than expected quarterly earnings. Approximately 2,315,613 shares were traded during mid-day trading, an increase of 37% from the previous session’s volume of 1,687,971 shares.The stock last traded at $24.6340 and had previously closed at $25.95.

The company reported ($0.11) EPS for the quarter, topping analysts’ consensus estimates of ($0.26) by $0.15. The firm had revenue of $989.00 million for the quarter. EquipmentShare.com’s quarterly revenue was up 38.1% on a year-over-year basis.

Analysts Set New Price Targets

A number of equities analysts recently commented on EQPT shares. Citizens Jmp started coverage on shares of EquipmentShare.com in a research note on Tuesday, February 17th. They set a “market outperform” rating and a $42.00 target price for the company. 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 target price for the company. Truist Financial lowered their target price on shares of EquipmentShare.com from $41.00 to $34.00 and set a “buy” rating for the company in a research note on Monday, April 20th. KeyCorp started coverage on shares of EquipmentShare.com in a research note on Tuesday, February 17th. They set a “sector weight” rating for the company. Finally, Oppenheimer started coverage on shares of EquipmentShare.com in a research note on Tuesday, February 17th. They set an “outperform” rating and a $39.00 target price for the company. Six equities research analysts have rated the stock with a Buy rating, four have given a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, EquipmentShare.com currently has an average rating of “Hold” and a consensus price target of $38.88.

EquipmentShare.com Stock Performance

The stock’s 50-day simple moving average is $22.71.

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.