Jabbok Schlacks Purchases 50,000 Shares of EquipmentShare.com (NASDAQ:EQPT) Stock

EquipmentShare.com Inc (NASDAQ:EQPT) CEO Jabbok Schlacks purchased 50,000 shares of EquipmentShare.com stock in a transaction dated Monday, June 15th. The shares were purchased at an average price of $21.12 per share, with a total value of $1,056,000.00. Following the completion of the acquisition, the chief executive officer owned 50,000 shares in the company, valued at $1,056,000. The trade was a ∞ increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link.

EquipmentShare.com Stock Performance

Shares of NASDAQ EQPT traded up $1.02 during trading hours on Wednesday, hitting $23.36. The stock had a trading volume of 2,718,329 shares, compared to its average volume of 1,804,488. The company has a quick ratio of 1.90, a current ratio of 2.47 and a debt-to-equity ratio of 2.71. The firm has a market capitalization of $5.90 billion and a P/E ratio of 179.69. The company’s 50-day moving average price is $21.33. EquipmentShare.com Inc has a 52 week low of $17.95 and a 52 week high of $35.50.

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

Analysts Set New Price Targets

EQPT has been the subject of several recent analyst reports. KeyCorp assumed coverage on EquipmentShare.com in a research note on Tuesday, February 17th. They set a “sector weight” rating for the company. Citizens Jmp began coverage on EquipmentShare.com in a research note on Tuesday, February 17th. They issued a “market outperform” rating and a $42.00 price objective on the stock. Wall Street Zen raised EquipmentShare.com from a “sell” rating to a “hold” rating in a research report on Saturday, March 14th. Citigroup increased their price target on EquipmentShare.com from $22.00 to $26.00 and gave the company a “neutral” rating in a report on Friday, May 15th. Finally, UBS Group started coverage on shares of EquipmentShare.com in a research report on Tuesday, February 17th. They issued a “neutral” rating and a $36.00 price target on the stock. Six research 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. According to data from MarketBeat, the company 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.