EquipmentShare.com (NASDAQ:EQPT) Director Naveen Bhatia Acquires 10,000 Shares

EquipmentShare.com Inc (NASDAQ:EQPT) Director Naveen Bhatia acquired 10,000 shares of EquipmentShare.com stock in a transaction dated Friday, May 15th. The shares were purchased at an average price of $24.22 per share, for a total transaction of $242,200.00. Following the completion of the transaction, the director directly owned 312,000 shares in the company, valued at approximately $7,556,640. The trade was a 3.31% increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.

EquipmentShare.com Trading Down 0.9%

Shares of EquipmentShare.com stock traded down $0.21 during trading on Friday, hitting $24.29. 3,095,438 shares of the stock traded hands, compared to its average volume of 1,779,504. The business has a fifty day simple moving average of $22.60. 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 data on Wednesday, May 13th. The company reported ($0.11) EPS for the quarter, beating the consensus estimate of ($0.26) by $0.15. The firm had revenue of $989.00 million for the quarter. The business’s revenue for the quarter was up 38.1% compared to the same quarter last year. As a group, analysts predict that EquipmentShare.com Inc will post 0.47 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several equities analysts have recently commented on the company. Wells Fargo & Company reduced their price objective 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. Citigroup raised their price target on EquipmentShare.com from $22.00 to $26.00 and gave the stock a “neutral” rating in a research report on Friday. Weiss Ratings upgraded EquipmentShare.com from a “sell (d)” rating to a “sell (d+)” rating in a research report on Wednesday, April 29th. KeyCorp began coverage on EquipmentShare.com in a research report on Tuesday, February 17th. They set a “sector weight” rating on the stock. Finally, UBS Group began coverage on EquipmentShare.com in a research report on Tuesday, February 17th. They set a “neutral” rating and a $36.00 price target on the stock. Six equities research analysts have rated the stock with a Buy rating, four have assigned a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, EquipmentShare.com 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.