EquipmentShare.com Inc (NASDAQ:EQPT) Receives Consensus Recommendation of “Hold” from Brokerages

Shares of EquipmentShare.com Inc (NASDAQ:EQPT) have received a consensus rating of “Hold” from the eleven analysts that are currently covering the stock, Marketbeat.com reports. One analyst has rated the stock with a sell rating, four have given a hold rating and six have given a buy rating to the company. The average 12-month price objective among analysts that have issued a report on the stock in the last year is $40.25.

A number of brokerages have recently commented on EQPT. Citigroup raised their price objective on shares of EquipmentShare.com from $22.00 to $26.00 and gave the stock a “neutral” rating in a research note on Friday, May 15th. Truist Financial reaffirmed a “buy” rating and set a $41.00 price objective (up from $34.00) on shares of EquipmentShare.com in a research note on Friday, May 15th. Weiss Ratings cut shares of EquipmentShare.com from a “sell (d+)” rating to a “sell (d)” rating in a research note on Wednesday, May 20th. Citizens Jmp began coverage on shares of EquipmentShare.com in a research note on Tuesday, February 17th. They set a “market outperform” rating and a $42.00 price objective on the stock. Finally, Oppenheimer began coverage on shares of EquipmentShare.com in a research note on Tuesday, February 17th. They set an “outperform” rating and a $39.00 price objective on the stock.

Insider Activity at EquipmentShare.com

In other EquipmentShare.com news, Director Naveen Bhatia acquired 10,000 shares of the company’s stock in a transaction on Friday, May 15th. The shares were bought 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 in the company, valued at approximately $7,556,640. This trade represents a 3.31% increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director W Bryan Hill acquired 21,803 shares of the company’s 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 completion of the acquisition, the director owned 35,794 shares of the company’s stock, valued at $819,324.66. This trade represents a 155.84% increase in their position. Additional details regarding this purchase are available in the official SEC disclosure.

EquipmentShare.com Trading Up 2.4%

NASDAQ:EQPT opened at $20.18 on Thursday. EquipmentShare.com has a 1-year low of $17.95 and a 1-year high of $35.50. The business has a fifty day simple moving average of $21.37.

EquipmentShare.com (NASDAQ:EQPT) last released its quarterly earnings data on Wednesday, May 13th. The company reported ($0.11) earnings per share for the quarter, topping 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. Research analysts predict that EquipmentShare.com will post 0.55 EPS for the current fiscal year.

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.