Equinix, Inc. (NASDAQ:EQIX) Given Consensus Recommendation of “Moderate Buy” by Analysts

Shares of Equinix, Inc. (NASDAQ:EQIX) have been assigned a consensus rating of “Moderate Buy” from the twenty-nine brokerages that are currently covering the company, Marketbeat reports. Five investment analysts have rated the stock with a hold rating, twenty have given a buy rating and four have assigned a strong buy rating to the company. The average 12 month price objective among brokerages that have updated their coverage on the stock in the last year is $1,143.60.

EQIX has been the topic of several recent research reports. HSBC increased their price target on Equinix from $1,100.00 to $1,250.00 and gave the company a “buy” rating in a report on Monday, April 27th. Raymond James Financial upgraded shares of Equinix from a “market perform” rating to a “strong-buy” rating and set a $1,250.00 price objective on the stock in a research report on Thursday, April 30th. Stifel Nicolaus set a $1,075.00 target price on shares of Equinix in a research note on Thursday, February 12th. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating and set a $1,207.00 price target on shares of Equinix in a research note on Tuesday, May 5th. Finally, Morgan Stanley upped their price target on shares of Equinix from $1,075.00 to $1,250.00 and gave the company an “overweight” rating in a report on Monday, April 13th.

Insider Transactions at Equinix

In other news, CEO Adaire Fox-Martin sold 1,086 shares of the stock in a transaction on Thursday, March 12th. The stock was sold at an average price of $966.20, for a total transaction of $1,049,293.20. Following the transaction, the chief executive officer owned 19,574 shares of the company’s stock, valued at approximately $18,912,398.80. This represents a 5.26% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Brandi Galvin Morandi sold 424 shares of the stock in a transaction dated Wednesday, April 8th. The stock was sold at an average price of $1,020.00, for a total transaction of $432,480.00. Following the transaction, the insider owned 9,970 shares in the company, valued at approximately $10,169,400. The trade was a 4.08% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold 11,604 shares of company stock valued at $11,848,264 in the last ninety days. Corporate insiders own 0.27% of the company’s stock.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in EQIX. Sei Investments Co. grew its stake in Equinix by 11.8% during the 1st quarter. Sei Investments Co. now owns 261,732 shares of the financial services provider’s stock valued at $256,559,000 after purchasing an additional 27,529 shares during the last quarter. Lido Advisors LLC raised its stake in shares of Equinix by 66.0% in the first quarter. Lido Advisors LLC now owns 18,936 shares of the financial services provider’s stock worth $18,563,000 after purchasing an additional 7,528 shares during the last quarter. Walleye Capital LLC raised its stake in shares of Equinix by 507.6% in the first quarter. Walleye Capital LLC now owns 59,262 shares of the financial services provider’s stock worth $58,091,000 after purchasing an additional 49,509 shares during the last quarter. Dynamic Wealth Strategies LLC lifted its holdings in shares of Equinix by 143.3% during the first quarter. Dynamic Wealth Strategies LLC now owns 73 shares of the financial services provider’s stock worth $72,000 after purchasing an additional 43 shares during the period. Finally, Prestige Wealth Management Group LLC lifted its holdings in shares of Equinix by 5,678.3% during the first quarter. Prestige Wealth Management Group LLC now owns 1,329 shares of the financial services provider’s stock worth $1,303,000 after purchasing an additional 1,306 shares during the period. 94.94% of the stock is owned by institutional investors and hedge funds.

Equinix Stock Performance

NASDAQ EQIX opened at $1,077.28 on Friday. The company has a quick ratio of 1.18, a current ratio of 1.18 and a debt-to-equity ratio of 1.39. Equinix has a twelve month low of $710.52 and a twelve month high of $1,128.68. The business has a 50-day moving average price of $1,022.46 and a 200-day moving average price of $884.32. The firm has a market cap of $106.24 billion, a price-to-earnings ratio of 74.55, a price-to-earnings-growth ratio of 2.03 and a beta of 1.01.

Equinix (NASDAQ:EQIX) last announced its quarterly earnings results on Wednesday, April 29th. The financial services provider reported $10.79 EPS for the quarter, topping the consensus estimate of $4.30 by $6.49. Equinix had a net margin of 15.07% and a return on equity of 10.03%. The business had revenue of $2.44 billion for the quarter, compared to analysts’ expectations of $2.52 billion. During the same quarter in the previous year, the company earned $9.67 EPS. The business’s quarterly revenue was up 9.8% compared to the same quarter last year. Equinix has set its FY 2026 guidance at 42.310-43.110 EPS. As a group, equities research analysts predict that Equinix will post 37.72 EPS for the current fiscal year.

Equinix Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, June 17th. Shareholders of record on Wednesday, May 20th will be paid a $5.16 dividend. This represents a $20.64 dividend on an annualized basis and a yield of 1.9%. The ex-dividend date is Wednesday, May 20th. Equinix’s dividend payout ratio is currently 142.84%.

About Equinix

Equinix, Inc is a global provider of digital infrastructure and interconnection services, specializing in carrier-neutral data centers and colocation. The company operates a platform that enables enterprises, cloud and network service providers, and content companies to colocate IT infrastructure, interconnect directly with partners and providers, and access cloud on-ramps and network services in a secure, low-latency environment.

Equinix’s offerings include traditional colocation space and power, cross-connects and meet-me rooms, and a suite of connectivity and on-demand services designed for hybrid multicloud architectures.