EQPT (NASDAQ:EQPT) Stock Price Down 5.9% Following Analyst Downgrade

EQPT (NASDAQ:EQPT)’s share price fell 5.9% during mid-day trading on Friday after Citigroup lowered their price target on the stock from $31.00 to $25.00. Citigroup currently has a neutral rating on the stock. EQPT traded as low as $21.06 and last traded at $21.39. 473,925 shares traded hands during mid-day trading, a decline of 62% from the average session volume of 1,263,248 shares. The stock had previously closed at $22.74.

A number of other equities research analysts also recently issued reports on EQPT. Truist Financial cut their target price on shares of EQPT from $43.00 to $41.00 and set a “buy” rating for the company in a research report on Friday. Wells Fargo & Company dropped their target price on EQPT from $41.00 to $35.00 and set an “overweight” rating on the stock in a research report on Friday. Wall Street Zen raised EQPT from a “sell” rating to a “hold” rating in a research note on Saturday, March 14th. UBS Group initiated coverage on EQPT in a report on Tuesday, February 17th. They set a “neutral” rating and a $36.00 price target for the company. Finally, Zacks Research raised EQPT to a “hold” rating in a research note on Wednesday, February 18th. Six equities research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $40.50.

EQPT News Roundup

Here are the key news stories impacting EQPT this week:

• Positive Sentiment: Q4 results beat EPS estimates and revenue was roughly in line — EQPT reported $0.24 EPS vs. $0.19 consensus and ~ $1.57B in revenue, supporting the company’s underlying performance. MarketBeat Earnings
• Positive Sentiment: Insider buying was reported (CFO purchased shares recently), a modest signal of insider confidence. Quiver Quantitative
• Neutral Sentiment: Analyst consensus still skews positive overall (average recommendation ~ “Moderate Buy”), so the cuts reflect lower targets more than widespread downgrades to sell. American Banking News
• Neutral Sentiment: Investors can review the Q4 earnings call transcript and slide deck for management commentary on margins, fleet utilization and growth outlook. Seeking Alpha Transcript
• Negative Sentiment: Citigroup cut its price target from $31 to $25 and moved to a “neutral” rating — this downgrade is a direct negative catalyst for today’s selling pressure. Benzinga TickerReport
• Negative Sentiment: Wells Fargo trimmed its target from $41 to $35 but kept an “overweight” stance — a signal that upside is being re‑priced lower across brokers. Benzinga
• Negative Sentiment: Truist lowered its target slightly (to $41) while maintaining a “buy” rating — another reduction that still leaves a large nominal upside but contributes to the downward momentum. Benzinga TickerReport
• Negative Sentiment: Robert W. Baird cut its target from $63 to $55 but kept an “outperform” rating — a large downward adjustment that may prompt profit‑taking from momentum investors. Benzinga TickerReport

EQPT Price Performance

EQPT (NASDAQ:EQPT) last issued its quarterly earnings data on Wednesday, March 18th. The company reported $0.24 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.19 by $0.05. The business had revenue of $1.57 billion during the quarter, compared to the consensus estimate of $1.54 billion.

EQPT 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.