EquipmentShare.com (NASDAQ:EQPT) Shares Gap Up – Time to Buy?

EquipmentShare.com Inc (NASDAQ:EQPT)’s stock price gapped up prior to trading on Friday . The stock had previously closed at $16.00, but opened at $18.00. EquipmentShare.com shares last traded at $18.9540, with a volume of 1,272,068 shares traded.

Analyst Upgrades and Downgrades

A number of research analysts recently issued reports on the stock. BNP Paribas Exane assumed coverage on shares of EquipmentShare.com in a research report on Monday, June 29th. They set a “neutral” rating and a $22.00 price target for the company. Citizens Jmp reaffirmed a “market outperform” rating and set a $42.00 target price on shares of EquipmentShare.com in a research note on Monday, June 22nd. Truist Financial lowered their target price on shares of EquipmentShare.com from $41.00 to $38.00 and set a “buy” rating for the company in a report on Thursday, July 2nd. 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 report on Monday, April 13th. Finally, Citigroup reduced their price objective on EquipmentShare.com from $26.00 to $20.00 and set a “neutral” rating for the company in a research report on Wednesday. Six analysts have rated the stock with a Buy rating, five have assigned a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Hold” and an average target price of $37.22.

EquipmentShare.com Stock Up 17.0%

The company has a current ratio of 2.47, a quick ratio of 1.90 and a debt-to-equity ratio of 2.71. The company has a market cap of $4.73 billion and a P/E ratio of 145.92. The business has a fifty day moving average of $21.20.

EquipmentShare.com (NASDAQ:EQPT) last posted its quarterly earnings data on Wednesday, May 13th. The company reported ($0.11) EPS for the quarter, beating analysts’ consensus estimates of ($0.26) by $0.15. The firm had revenue of $989.00 million for the quarter. EquipmentShare.com’s revenue was up 38.1% on a year-over-year basis. Equities research analysts expect that EquipmentShare.com Inc will post 0.46 EPS for the current fiscal year.

Insider Transactions at EquipmentShare.com

In other EquipmentShare.com news, CEO Jabbok Schlacks bought 50,000 shares of EquipmentShare.com stock in a transaction on Monday, June 15th. The stock was acquired at an average cost 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 approximately $1,056,000. This represents a ∞ increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Naveen Bhatia bought 10,000 shares of EquipmentShare.com stock in a transaction on 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 completion of the acquisition, the director owned 312,000 shares of the company’s stock, valued at $7,556,640. The trade was a 3.31% increase in their position. The disclosure for this purchase is available in the SEC filing. Insiders have acquired 81,803 shares of company stock worth $1,797,271 in the last quarter.

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.