EquipmentShare.com (NASDAQ:EQPT) Shares Gap Up on Insider Buying Activity

EquipmentShare.com Inc (NASDAQ:EQPT)’s share price gapped up before the market opened on Thursday after an insider bought additional shares in the company. The stock had previously closed at $23.36, but opened at $25.03. EquipmentShare.com shares last traded at $25.4460, with a volume of 447,512 shares trading hands.

Specifically, CEO Jabbok Schlacks purchased 50,000 shares of the firm’s stock in a transaction dated Monday, June 15th. The shares were acquired at an average price of $21.12 per share, with a total value of $1,056,000.00. Following the purchase, the chief executive officer directly owned 50,000 shares of the company’s stock, valued at $1,056,000. The trade was a ∞ increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is available through this link.

Analyst Ratings Changes

Several equities analysts recently weighed in on the company. Citigroup raised their price objective on EquipmentShare.com from $22.00 to $26.00 and gave the company a “neutral” rating in a research note on Friday, May 15th. Truist Financial reissued a “buy” rating and issued a $41.00 target price (up from $34.00) on shares of EquipmentShare.com in a report on Friday, May 15th. Zacks Research upgraded EquipmentShare.com to a “hold” rating in a research report on Wednesday, February 18th. Wall Street Zen raised EquipmentShare.com from a “sell” rating to a “hold” rating in a research note on Saturday, March 14th. Finally, 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. Six analysts have rated the stock with a Buy rating, four have issued a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, EquipmentShare.com presently has a consensus rating of “Hold” and an average price target of $40.25.

EquipmentShare.com Trading Up 8.7%

The stock has a market capitalization of $6.41 billion and a P/E ratio of 196.12. The company has a quick ratio of 1.90, a current ratio of 2.47 and a debt-to-equity ratio of 2.71. The firm has a 50 day moving average price of $21.41.

EquipmentShare.com (NASDAQ:EQPT) last posted its quarterly earnings data on Wednesday, May 13th. The company reported ($0.11) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.26) by $0.15. The firm had revenue of $989.00 million during the quarter. The firm’s revenue for the quarter was up 38.1% on a year-over-year basis. Sell-side analysts anticipate that EquipmentShare.com Inc will post 0.55 EPS for the current year.

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.