Insider Buying: EquipmentShare.com (NASDAQ:EQPT) Director Acquires 21,803 Shares of Stock

EquipmentShare.com Inc (NASDAQ:EQPT) Director W Bryan Hill bought 21,803 shares of the stock in a transaction on Tuesday, May 19th. The stock was acquired at an average cost of $22.89 per share, for a total transaction 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 transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website.

EquipmentShare.com Stock Down 8.7%

EQPT traded down $1.95 during midday trading on Wednesday, reaching $20.44. The company’s stock had a trading volume of 3,155,610 shares, compared to its average volume of 1,814,398. The firm has a fifty day simple moving average of $22.12. EquipmentShare.com Inc has a twelve month low of $17.95 and a twelve month high of $35.50.

EquipmentShare.com (NASDAQ:EQPT) last released its earnings results 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 during the quarter. The company’s revenue for the quarter was up 38.1% on a year-over-year basis. As a group, analysts anticipate that EquipmentShare.com Inc will post 0.55 earnings per share for the current year.

Analysts Set New Price Targets

A number of analysts have issued reports on EQPT shares. UBS Group started coverage on EquipmentShare.com in a report on Tuesday, February 17th. They issued a “neutral” rating and a $36.00 target price on the stock. Robert W. Baird reduced their price objective on EquipmentShare.com from $63.00 to $55.00 and set an “outperform” rating for the company in a research report on Friday, March 20th. Citizens Jmp assumed coverage on EquipmentShare.com in a research report on Tuesday, February 17th. They issued a “market outperform” rating and a $42.00 price objective for the company. Wall Street Zen upgraded EquipmentShare.com from a “sell” rating to a “hold” rating in a research report on Saturday, March 14th. Finally, Weiss Ratings upgraded EquipmentShare.com from a “sell (d)” rating to a “sell (d+)” rating in a research report on Wednesday, April 29th. Six analysts have rated the stock with a Buy rating, four have given a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Hold” and a consensus price target of $40.25.

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.