EquipmentShare.com (NASDAQ:EQPT) Now Covered by Analysts at BNP Paribas Exane

Equities research analysts at BNP Paribas Exane began coverage on shares of EquipmentShare.com (NASDAQ:EQPT) in a report issued on Monday. The firm set a “neutral” rating and a $22.00 price target on the stock. BNP Paribas Exane’s target price would indicate a potential upside of 7.42% from the company’s previous close.

Several other equities research analysts have also issued reports on the stock. Citizens Jmp restated a “market outperform” rating and set a $42.00 price target on shares of EquipmentShare.com in a research note on Monday, June 22nd. Wells Fargo & Company dropped their price objective on EquipmentShare.com from $35.00 to $32.00 and set an “overweight” rating on the stock in a research note on Monday, April 13th. Truist Financial reissued a “buy” rating and set a $41.00 price objective (up from $34.00) on shares of EquipmentShare.com in a report on Friday, May 15th. Wall Street Zen upgraded EquipmentShare.com from a “sell” rating to a “hold” rating in a research note on Saturday, March 14th. Finally, Citigroup lifted their target price 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. Six investment analysts have rated the stock with a Buy rating, five have issued a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price of $38.22.

EquipmentShare.com Stock Performance

EQPT opened at $20.48 on Monday. EquipmentShare.com has a fifty-two week low of $17.95 and a fifty-two week high of $35.50. The firm’s 50-day moving average is $21.87. The company has a debt-to-equity ratio of 2.71, a quick ratio of 1.90 and a current ratio of 2.47. The company has a market capitalization of $5.17 billion and a price-to-earnings ratio of 157.54.

EquipmentShare.com (NASDAQ:EQPT) last announced its quarterly earnings data on Wednesday, May 13th. The company reported ($0.11) EPS for the quarter, topping the consensus estimate of ($0.26) by $0.15. The company had revenue of $989.00 million during the quarter. The business’s revenue for the quarter was up 38.1% on a year-over-year basis. Equities research analysts predict that EquipmentShare.com will post 0.54 earnings per share for the current fiscal year.

Insider Buying and Selling

In related news, Director W Bryan Hill purchased 21,803 shares of the firm’s stock in a transaction dated Tuesday, May 19th. The shares were purchased at an average cost of $22.89 per share, for a total transaction of $499,070.67. Following the completion of the transaction, the director directly owned 35,794 shares in the company, valued at approximately $819,324.66. This represents a 155.84% increase in their position. The acquisition was disclosed in a filing with the SEC, which is available through this hyperlink. Also, Director Naveen Bhatia purchased 10,000 shares of the stock in a transaction dated Friday, May 15th. The stock was purchased at an average cost of $24.22 per share, for a total transaction of $242,200.00. Following the completion of the acquisition, the director owned 312,000 shares of the company’s stock, valued at approximately $7,556,640. This represents a 3.31% increase in their position. The disclosure for this purchase is available in the SEC filing. In the last quarter, insiders have purchased 81,803 shares of company stock valued at $1,797,271.

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.