Traders Purchase Large Volume of EquipmentShare.com Call Options (NASDAQ:EQPT)

EquipmentShare.com Inc (NASDAQ:EQPT) was the recipient of some unusual options trading activity on Tuesday. Investors acquired 39,099 call options on the stock. This represents an increase of approximately 4,348% compared to the average volume of 879 call options.

Wall Street Analyst Weigh In

A number of equities analysts have recently weighed in on EQPT shares. Citigroup upped their target price on EquipmentShare.com from $18.00 to $19.00 and gave the stock a “neutral” rating in a research report on Tuesday. Wells Fargo & Company decreased their price target 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. Robert W. Baird lowered their price objective on shares of EquipmentShare.com from $63.00 to $55.00 and set an “outperform” rating on the stock in a report on Friday, March 20th. BNP Paribas Exane assumed coverage on shares of EquipmentShare.com in a research note on Monday, June 29th. They issued a “neutral” rating and a $22.00 price objective on the stock. Finally, Weiss Ratings cut shares of EquipmentShare.com from a “sell (d+)” rating to a “sell (d)” rating in a report on Wednesday, May 20th. Six research analysts have rated the stock with a Buy rating, five have given a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, EquipmentShare.com presently has a consensus rating of “Hold” and an average price target of $36.33.

EquipmentShare.com Stock Up 1.7%

Shares of EquipmentShare.com stock opened at $17.64 on Thursday. The stock has a market capitalization of $4.45 billion and a P/E ratio of 135.69. EquipmentShare.com has a 52 week low of $15.95 and a 52 week high of $35.50. The business has a 50 day moving average of $20.97. The company has a current ratio of 2.47, a quick ratio of 1.90 and a debt-to-equity ratio of 2.71.

EquipmentShare.com (NASDAQ:EQPT) last announced its earnings results on Wednesday, May 13th. The company reported ($0.11) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.26) by $0.15. The company had revenue of $989.00 million for the quarter. The business’s revenue was up 38.1% on a year-over-year basis. As a group, research analysts anticipate that EquipmentShare.com will post 0.46 EPS for the current year.

EquipmentShare.com announced that its Board of Directors has approved a stock buyback plan on Friday, July 10th that permits the company to repurchase $500.00 million in shares. This repurchase authorization permits the company to buy up to 12.4% of its stock through open market purchases. Stock repurchase plans are usually an indication that the company’s board of directors believes its stock is undervalued.

Insider Transactions at EquipmentShare.com

In other news, Director W Bryan Hill bought 21,803 shares of the firm’s stock in a transaction that occurred on Tuesday, May 19th. The stock was acquired at an average cost of $22.89 per share, with a total value of $499,070.67. Following the transaction, the director directly owned 35,794 shares of the company’s stock, valued at approximately $819,324.66. This represents a 155.84% increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Naveen Bhatia bought 10,000 shares of the firm’s stock in a transaction that occurred on Friday, May 15th. The stock was purchased at an average cost of $24.22 per share, with a total value of $242,200.00. Following the completion of the transaction, the director directly owned 312,000 shares in the company, valued at $7,556,640. This represents a 3.31% increase in their ownership of the stock. The SEC filing for this purchase provides additional information. Insiders have purchased 81,803 shares of company stock valued at $1,797,271 in the last 90 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.