EquipmentShare.com (NASDAQ:EQPT) Insider Purchases $37,280.00 in Stock

EquipmentShare.com Inc (NASDAQ:EQPT) insider William Schlacks purchased 2,000 shares of the stock in a transaction dated Friday, August 21st. The stock was purchased at an average cost of $18.64 per share, for a total transaction of $37,280.00. Following the completion of the purchase, the insider directly owned 60,950 shares of the company’s stock, valued at approximately $1,136,108. The trade was a 3.39% increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website.

EquipmentShare.com Stock Down 2.2%

NASDAQ EQPT opened at $18.06 on Thursday. The business has a fifty day moving average price of $19.53 and a 200 day moving average price of $22.42. EquipmentShare.com Inc has a one year low of $15.71 and a one year high of $35.50. The company has a debt-to-equity ratio of 3.16, a quick ratio of 1.91 and a current ratio of 2.42. The company has a market cap of $4.58 billion and a P/E ratio of 58.26.

EquipmentShare.com (NASDAQ:EQPT) last announced its quarterly earnings data on Wednesday, August 12th. The company reported $0.18 earnings per share for the quarter, beating analysts’ consensus estimates of ($0.10) by $0.28. The firm had revenue of $1.45 billion during the quarter. Research analysts anticipate that EquipmentShare.com Inc will post 0.38 EPS for the current fiscal year.

EquipmentShare.com announced that its Board of Directors has approved a share buyback plan on Friday, July 10th that allows the company to repurchase $500.00 million in shares. This repurchase authorization allows the company to repurchase up to 12.4% of its stock through open market purchases. Stock repurchase plans are typically a sign that the company’s leadership believes its shares are undervalued.

Key EquipmentShare.com News

Here are the key news stories impacting EquipmentShare.com this week:

• Positive Sentiment: Truist Financial reaffirmed its Buy rating and set a $35 price target, suggesting substantial potential upside from recent trading levels, although the target was reduced from $38. Truist analyst update
• Positive Sentiment: Director William Schlacks purchased 2,000 shares at an average price of $18.64, increasing his direct holdings by 3.39%. The purchase may signal confidence that EQPT is undervalued after its decline. Insider purchase details
• Neutral Sentiment: The company’s latest quarterly results exceeded expectations, with earnings per share of $0.18 versus a consensus estimate of a $0.10 loss and revenue of $1.45 billion. However, these results predate the current legal developments and may provide limited near-term support.
• Negative Sentiment: Several firms, including Lowey Dannenberg, Rosen, Kaplan Fox, Faruqi & Faruqi, Bernstein Liebhard, Berger Montague and others, are investigating or promoting a securities class action. The repeated announcements increase visibility of the allegations and may heighten concerns about litigation expenses, governance and reputational damage. Lowey Dannenberg investigation
• Negative Sentiment: The lawsuits allege that EquipmentShare’s IPO disclosures omitted or understated risks involving founder-affiliated related-party transactions, including claims that at least $77 million flowed through related entities. The allegations remain unproven, but if substantiated could lead to financial liabilities and regulatory consequences. Investors have until September 21, 2026 to seek lead-plaintiff status. Securities fraud allegations

Analysts Set New Price Targets

EQPT has been the subject of several research reports. Citigroup upped their price objective on shares of EquipmentShare.com from $19.00 to $22.00 and gave the company a “neutral” rating in a research note on Monday, August 17th. Truist Financial restated a “buy” rating and set a $35.00 target price (down from $38.00) on shares of EquipmentShare.com in a report on Tuesday. Citizens Jmp restated a “market outperform” rating and issued a $42.00 price target on shares of EquipmentShare.com in a research report on Monday, June 22nd. Weiss Ratings raised EquipmentShare.com from a “sell (d)” rating to a “sell (d+)” rating in a report on Friday, August 14th. Finally, Wells Fargo & Company lowered their price objective on EquipmentShare.com from $32.00 to $25.00 and set an “overweight” rating on the stock in a research note on Tuesday, July 14th. Six research analysts have rated the stock with a Buy rating, five have assigned a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, EquipmentShare.com has an average rating of “Hold” and a consensus target price of $34.78.

Institutional Investors Weigh In On EquipmentShare.com

Several hedge funds and other institutional investors have recently added to or reduced their stakes in EQPT. Bank of New York Mellon Corp acquired a new position in shares of EquipmentShare.com in the 2nd quarter valued at $326,000. Wellington Management Group LLP acquired a new position in EquipmentShare.com in the second quarter valued at about $168,226,000. Chico Wealth RIA acquired a new position in EquipmentShare.com in the second quarter valued at about $322,000. Finally, California State Teachers Retirement System purchased a new position in EquipmentShare.com during the second quarter worth about $16,447,000.

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.