EquipmentShare.com Target of Unusually Large Options Trading (NASDAQ:EQPT)

EquipmentShare.com Inc (NASDAQ:EQPT) was the recipient of unusually large options trading on Wednesday. Investors acquired 2,954 put options on the company. This represents an increase of approximately 98% compared to the average volume of 1,492 put options.

Insider Transactions at EquipmentShare.com

In other EquipmentShare.com news, Director Naveen Bhatia purchased 10,000 shares of the firm’s stock in a transaction that occurred on Friday, May 15th. The stock was bought at an average cost of $24.22 per share, with a total value of $242,200.00. Following the completion of the transaction, the director owned 312,000 shares of the company’s stock, valued at $7,556,640. The trade was a 3.31% increase in their position. The purchase was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CEO Jabbok Schlacks purchased 50,000 shares of the company’s stock in a transaction that occurred on Monday, June 15th. The shares were acquired at an average price of $21.12 per share, for a total transaction of $1,056,000.00. Following the completion of the acquisition, the chief executive officer directly owned 50,000 shares of the company’s stock, valued at $1,056,000. This trade represents a ∞ increase in their position. The SEC filing for this purchase provides additional information. Insiders have acquired 81,803 shares of company stock worth $1,797,271 in the last 90 days. Insiders own 32.81% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts have recently issued reports on EQPT shares. Truist Financial decreased their target price on EquipmentShare.com from $41.00 to $38.00 and set a “buy” rating for the company in a research report on Thursday, July 2nd. Weiss Ratings cut EquipmentShare.com from a “sell (d+)” rating to a “sell (d)” rating in a research note on Wednesday, May 20th. Wells Fargo & Company cut their price target on shares of EquipmentShare.com from $32.00 to $25.00 and set an “overweight” rating on the stock in a report on Tuesday, July 14th. Citizens Jmp restated a “market outperform” rating and set a $42.00 price target on shares of EquipmentShare.com in a research report on Monday, June 22nd. Finally, BNP Paribas Exane assumed coverage on shares of EquipmentShare.com in a report on Monday, June 29th. They set a “neutral” rating and a $22.00 price objective for the company. Six investment analysts have rated the stock with a Buy rating, five have issued a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $36.33.

EquipmentShare.com Trading Down 1.1%

Shares of EQPT stock opened at $17.34 on Thursday. The stock has a market cap of $4.38 billion and a PE ratio of 133.38. 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 company’s 50 day simple moving average is $20.34. EquipmentShare.com has a 12 month low of $15.71 and a 12 month high of $35.50.

EquipmentShare.com (NASDAQ:EQPT) last released 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 business had revenue of $989.00 million during the quarter. The firm’s revenue for the quarter was up 38.1% compared to the same quarter last year. On average, equities analysts predict that EquipmentShare.com will post 0.46 EPS for the current year.

EquipmentShare.com announced that its board has initiated a stock repurchase program on Friday, July 10th that authorizes the company to buyback $500.00 million in outstanding shares. This buyback authorization authorizes the company to reacquire up to 12.4% of its stock through open market purchases. Stock buyback programs are typically an indication that the company’s board of directors believes its stock is undervalued.

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.