Key Points
- Director Naveen Bhatia bought 10,000 shares of EquipmentShare.com at $24.22 each, spending $242,200 and lifting his stake to 312,000 shares.
- The company recently reported better-than-expected quarterly results, posting an EPS loss of $0.11 versus estimates for a $0.26 loss, while revenue rose 38.1% year over year to $989 million.
- Analysts remain mixed on EQPT, with a consensus rating of Hold and an average price target of $40.25, though some firms such as Goldman Sachs and JMP see more upside.
EquipmentShare.com Inc (NASDAQ:EQPT - Get Free Report) Director Naveen Bhatia acquired 10,000 shares of EquipmentShare.com stock in a transaction that occurred on Friday, May 15th. The shares were purchased at an average price of $24.22 per share, with a total value of $242,200.00. Following the purchase, the director owned 312,000 shares in the company, valued at $7,556,640. This represents a 3.31% increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.
EquipmentShare.com Trading Down 0.9%
Shares of EquipmentShare.com stock opened at $24.29 on Friday. EquipmentShare.com Inc has a 12-month low of $17.95 and a 12-month high of $35.50. The company's 50 day moving average is $22.49.
EquipmentShare.com (NASDAQ:EQPT - Get Free Report) last issued its quarterly earnings results on Wednesday, May 13th. The company reported ($0.11) earnings per share (EPS) for the quarter, beating analysts' consensus estimates of ($0.26) by $0.15. The company 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. Research analysts forecast that EquipmentShare.com Inc will post 0.47 EPS for the current year.
Analysts Set New Price Targets
A number of brokerages have issued reports on EQPT. Citigroup upped their price target on shares of EquipmentShare.com from $22.00 to $26.00 and gave the company a "neutral" rating in a research note on Friday. KeyCorp began coverage on shares of EquipmentShare.com in a research note on Tuesday, February 17th. They set a "sector weight" rating on the stock. 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 target on the stock. Wall Street Zen upgraded shares of EquipmentShare.com from a "sell" rating to a "hold" rating in a research note on Saturday, March 14th. Finally, The Goldman Sachs Group began coverage on shares of EquipmentShare.com in a research note on Tuesday, February 17th. They set a "buy" rating and a $51.00 price target on the stock. Six research analysts have rated the stock with a Buy rating, four have issued a Hold rating and one has assigned a Sell rating to the company's stock. Based on data from MarketBeat, the stock has a consensus rating of "Hold" and a consensus price target of $40.25.
Read Our Latest Research Report on EQPT
EquipmentShare.com Company Profile
(
Get Free Report)
EquipmentShare.com Inc provides integrated, full-service construction solutions across equipment rental, sales and technology. EquipmentShare.com Inc is based in Columbia, Missouri.
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