EquipmentShare.com’s (EQPT) “Market Outperform” Rating Reiterated at Citizens Jmp

EquipmentShare.com (NASDAQ:EQPT)‘s stock had its “market outperform” rating reiterated by analysts at Citizens Jmp in a note issued to investors on Monday,Benzinga reports. They presently have a $42.00 price objective on the stock. Citizens Jmp’s price target points to a potential upside of 65.71% from the stock’s current price.

A number of other research analysts have also weighed in on EQPT. Truist Financial reissued a “buy” rating and issued a $41.00 target price (up from $34.00) on shares of EquipmentShare.com in a report on Friday, May 15th. Robert W. Baird decreased 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. Wells Fargo & Company cut their price target on shares of EquipmentShare.com from $35.00 to $32.00 and set an “overweight” rating on the stock in a report on Monday, April 13th. Wall Street Zen raised shares of EquipmentShare.com from a “sell” rating to a “hold” rating in a research note on Saturday, March 14th. Finally, Citigroup upped their target price on shares of EquipmentShare.com from $22.00 to $26.00 and gave the stock a “neutral” rating in a research note on Friday, May 15th. Six equities research analysts have rated the stock with a Buy rating, four have issued a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of $40.25.

EquipmentShare.com Trading Down 3.7%

NASDAQ:EQPT traded down $0.97 during trading hours on Monday, reaching $25.34. 401,547 shares of the company traded hands, compared to its average volume of 1,803,477. 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 moving average price of $21.67. EquipmentShare.com has a 1 year low of $17.95 and a 1 year high of $35.50. The firm has a market capitalization of $6.40 billion and a PE ratio of 194.27.

EquipmentShare.com (NASDAQ:EQPT) last issued its earnings results on Wednesday, May 13th. The company reported ($0.11) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.26) by $0.15. The company had revenue of $989.00 million during the quarter. The business’s revenue was up 38.1% on a year-over-year basis. As a group, equities analysts anticipate that EquipmentShare.com will post 0.55 EPS for the current year.

Insider Transactions at EquipmentShare.com

In other EquipmentShare.com news, Director W Bryan Hill bought 21,803 shares of the company’s stock in a transaction dated Tuesday, May 19th. The stock was acquired at an average price of $22.89 per share, with a total value of $499,070.67. Following the completion of the acquisition, the director directly owned 35,794 shares of the company’s stock, valued at $819,324.66. This represents a 155.84% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Naveen Bhatia purchased 10,000 shares of the stock in a transaction that occurred on Friday, May 15th. The shares were acquired at an average price of $24.22 per share, for a total transaction of $242,200.00. Following the completion of the transaction, the director directly owned 312,000 shares of the company’s stock, valued at $7,556,640. The trade was a 3.31% 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 valued at $1,797,271 over 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.