Insider Buying: EquipmentShare.com (NASDAQ:EQPT) Director Acquires $499,070.67 in Stock

EquipmentShare.com Inc (NASDAQ:EQPT) Director W Bryan Hill purchased 21,803 shares of the company’s stock in a transaction dated Tuesday, May 19th. The shares were acquired at an average price of $22.89 per share, for a total transaction of $499,070.67. Following the purchase, the director directly owned 35,794 shares of the company’s stock, valued at approximately $819,324.66. The trade was a 155.84% increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is available at this link.

EquipmentShare.com Stock Performance

Shares of EQPT stock opened at $20.73 on Friday. EquipmentShare.com Inc has a fifty-two week low of $17.95 and a fifty-two week high of $35.50. The business’s 50-day simple moving average is $21.81.

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

Analysts Set New Price Targets

EQPT has been the topic of a number of research analyst reports. Wells Fargo & Company dropped their price target on EquipmentShare.com from $35.00 to $32.00 and set an “overweight” rating on the stock in a research note on Monday, April 13th. Truist Financial restated a “buy” rating and set a $41.00 price target (up from $34.00) on shares of EquipmentShare.com in a research note on Friday, May 15th. Zacks Research upgraded EquipmentShare.com to a “hold” rating in a research note on Wednesday, February 18th. Citizens Jmp initiated coverage on EquipmentShare.com in a research report on Tuesday, February 17th. They issued a “market outperform” rating and a $42.00 target price on the stock. Finally, Citigroup upped their target price on EquipmentShare.com from $22.00 to $26.00 and gave the company a “neutral” rating in a research report on Friday, May 15th. Six investment analysts have rated the stock with a Buy rating, four have given a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, EquipmentShare.com 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.