EquipmentShare.com (NASDAQ:EQPT) Trading Down 8.6% – What’s Next?

EquipmentShare.com Inc (NASDAQ:EQPT)’s stock price was down 8.6% during trading on Wednesday . The company traded as low as $18.14 and last traded at $18.2280. Approximately 1,696,203 shares were traded during mid-day trading, a decline of 6% from the average daily volume of 1,796,600 shares. The stock had previously closed at $19.95.

Analysts Set New Price Targets

A number of equities research analysts have commented on EQPT shares. Truist Financial reaffirmed a “buy” rating and issued a $41.00 target price (up from $34.00) on shares of EquipmentShare.com in a research report on Friday, May 15th. The Goldman Sachs Group started coverage on shares of EquipmentShare.com in a research report on Tuesday, February 17th. They issued a “buy” rating and a $51.00 target price for the company. KeyCorp started coverage on shares of EquipmentShare.com in a research report on Tuesday, February 17th. They set a “sector weight” rating for the company. Wall Street Zen raised shares of EquipmentShare.com from a “sell” rating to a “hold” rating in a research report on Saturday, March 14th. Finally, Oppenheimer started coverage on shares of EquipmentShare.com in a research report on Tuesday, February 17th. They set an “outperform” rating and a $39.00 price objective for the company. Six analysts have rated the stock with a Buy rating, four have assigned a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, EquipmentShare.com has a consensus rating of “Hold” and a consensus target price of $40.25.

EquipmentShare.com Stock Performance

The firm’s 50-day simple moving average is $21.29. The company has a debt-to-equity ratio of 2.71, a quick ratio of 1.90 and a current ratio of 2.47. The firm has a market capitalization of $5.00 billion and a PE ratio of 152.31.

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

Insiders Place Their Bets

In other EquipmentShare.com news, Director W Bryan Hill acquired 21,803 shares of the business’s stock in a transaction dated Tuesday, May 19th. The stock was purchased at an average price of $22.89 per share, with a total value of $499,070.67. Following the transaction, 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 position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Naveen Bhatia acquired 10,000 shares of the business’s stock in a transaction dated Friday, May 15th. The shares were acquired at an average cost of $24.22 per share, with a total value of $242,200.00. Following the transaction, the director owned 312,000 shares in the company, valued at approximately $7,556,640. This trade represents a 3.31% increase in their ownership of the stock. The disclosure for this purchase is available in the SEC filing.

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.