EquipmentShare.com Inc (NASDAQ:EQPT) Given Consensus Rating of “Hold” by Brokerages

EquipmentShare.com Inc (NASDAQ:EQPT) has been given a consensus recommendation of “Hold” by the eleven brokerages that are covering the firm, MarketBeat Ratings reports. One analyst has rated the stock with a sell rating, four have assigned a hold rating and six have assigned a buy rating to the company. The average twelve-month price objective among analysts that have issued ratings on the stock in the last year is $40.25.

Several equities research analysts recently issued reports on the stock. KeyCorp assumed coverage on shares of EquipmentShare.com in a research note on Tuesday, February 17th. They set a “sector weight” rating on the stock. Wall Street Zen raised shares of EquipmentShare.com from a “sell” rating to a “hold” rating in a research note on Saturday, March 14th. Zacks Research raised shares of EquipmentShare.com to a “hold” rating in a research note on Wednesday, February 18th. Citigroup lifted their price target 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. Finally, The Goldman Sachs Group began 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.

EquipmentShare.com Trading Up 5.6%

Shares of EQPT stock opened at $22.79 on Thursday. The company has a fifty day simple moving average of $21.59. EquipmentShare.com has a 52 week low of $17.95 and a 52 week high of $35.50.

EquipmentShare.com (NASDAQ:EQPT) last released its quarterly 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 firm had revenue of $989.00 million for the quarter. The company’s quarterly revenue was up 38.1% on a year-over-year basis. On average, equities analysts expect that EquipmentShare.com will post 0.55 earnings per share for the current year.

Insider Buying and Selling at EquipmentShare.com

In related news, Director W Bryan Hill acquired 21,803 shares of the firm’s stock in a transaction on Tuesday, May 19th. The stock was bought at an average cost of $22.89 per share, with a total value of $499,070.67. Following the acquisition, the director directly owned 35,794 shares in the company, valued at approximately $819,324.66. The trade was a 155.84% increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Naveen Bhatia acquired 10,000 shares of the firm’s stock in a transaction on Friday, May 15th. The shares were bought at an average cost of $24.22 per share, with a total value of $242,200.00. Following the completion of the acquisition, the director 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 disclosure for this purchase is available in the SEC filing.

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.