Citizens Reiterates Buy Rating for EquipmentShare.com Inc.
Citizens reaffirmed its buy rating on EquipmentShare, setting a $42 price target, a 94.90% upside from the current price.
Key Points
- Citizens reiterated its buy rating on EquipmentShare.com Inc. (EQPT) with a $42 price target on June 22, 2026.
- Citizens's $42 price target implies 94.90% upside from EquipmentShare.com Inc.'s ($EQPT) current $21.55 share price.
- Shares of EQPT traded at $24.94 on Monday, with a market cap of approximately $6.64 billion and a forward P/E of 26.4.
- Several institutional investors, including Anchorage Capital and Insight Holdings, opened new positions in EquipmentShare.
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On June 22, 2026, Citizens reiterated its buy rating for EquipmentShare.com Inc. (NasdaqGS: EQPT) and set a price target of $42. This move underscores continued confidence in the company's prospects.
Analysts Set New Price Targets
On June 22, 2026, Citizens reiterated its buy rating for EquipmentShare.com Inc. with a price target of $42. This follows a series of analyst actions, including Citigroup maintaining a hold rating with a $26 target on May 15, 2026, and Truist Securities maintaining a buy rating with a $34 target on April 20, 2026. The consensus among analysts is a buy, with an average target price of $39.33 based on nine opinions.
EquipmentShare.com Inc. Stock Up 21.7%
Shares of EquipmentShare.com Inc. (NasdaqGS: EQPT) traded at $24.94 on Monday. The company boasts a market capitalization of approximately $6.64 billion and has a forward P/E ratio of 26.4. Its 52-week range spans from $17.95 to $35.50, while the 50-day and 200-day moving averages are $21.50 and $24.70, respectively. EquipmentShare maintains a current ratio of 2.47 and a quick ratio of 1.62, with a debt-to-equity ratio of 267.56.
$EQPT price target
Past daily closes and this analyst's 12-month price target. Not investment advice.
Insider Buying and Selling at EquipmentShare.com Inc.
Several insiders have recently purchased shares of EquipmentShare. On June 15, 2026, Co-Founder & CEO Jabbok Schlacks and Co-Founder & President William Schlacks each acquired 50,000 shares at prices of $21.12 and $21.47, respectively. Additionally, on May 19, 2026, Bryan Hill bought 21,803 shares at $22.89, and Naveen Bhatia purchased 10,000 shares at $24.22 on May 15, 2026. Earlier, on April 1, 2026, EVP and Chief Data Officer Mark Wopata and CFO David Marquardt each acquired 65,000 shares.
Other Institutional Activity in EquipmentShare.com Inc.
Several institutional investors have shown interest in EquipmentShare. Anchorage Capital Group opened a new position with 17,770,560 shares valued at about $362 million. Insight Holdings Group also initiated a stake, acquiring 13,526,731 shares worth approximately $276 million. BDT Capital Partners added 10,548,937 shares, amounting to roughly $215 million. Price T Rowe Associates and Wellington Management Group opened new positions with 5,425,479 and 5,318,853 shares, respectively, valued at about $111 million and $108 million.
About EquipmentShare.com Inc.
EquipmentShare.com Inc., based in Columbia, Missouri, operates in the industrials sector, specifically within rental and leasing services. Founded in 2014, the company provides a wide range of construction solutions, including equipment rental, sales, and technology services. It offers products like aerial work platforms, power tools, vehicles, and climate control equipment. The company serves the construction industry across the United States through a network of dealers and an online platform, employing over 8,500 people.
Bottom Line
The reiteration of a buy rating by Citizens for EquipmentShare.com Inc. highlights ongoing confidence in the company's growth potential. With a price target set at $42, analysts seem optimistic about its future performance. Investors should note that 13F filings and insider transactions are backward-looking and may not reflect current positions or sentiments.
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