Equinix (NASDAQ:EQIX) Earns “Market Outperform” Rating from JMP Securities

Equinix (NASDAQ:EQIX)‘s stock had its “market outperform” rating reissued by JMP Securities in a research report issued to clients and investors on Thursday,Benzinga reports. They presently have a $1,200.00 price target on the financial services provider’s stock. JMP Securities’ price objective suggests a potential upside of 28.53% from the stock’s previous close.

Other analysts have also recently issued reports about the stock. Moffett Nathanson raised shares of Equinix from a “hold” rating to a “strong-buy” rating in a report on Wednesday, February 5th. Barclays upped their price target on shares of Equinix from $810.00 to $822.00 and gave the stock an “equal weight” rating in a research report on Monday, November 18th. Citizens Jmp upgraded shares of Equinix to a “strong-buy” rating in a research report on Monday, January 27th. BMO Capital Markets upped their price target on shares of Equinix from $975.00 to $1,020.00 and gave the stock an “outperform” rating in a research report on Thursday, October 31st. Finally, TD Cowen upped their price target on shares of Equinix from $865.00 to $984.00 and gave the stock a “buy” rating in a research report on Thursday, October 31st. Three analysts have rated the stock with a hold rating, fifteen have issued a buy rating and three have assigned a strong buy rating to the company. According to data from MarketBeat.com, Equinix currently has a consensus rating of “Buy” and a consensus target price of $994.82.

Equinix Stock Up 1.1 %

Shares of EQIX stock opened at $933.60 on Thursday. Equinix has a 12 month low of $684.14 and a 12 month high of $994.03. The stock has a market cap of $90.08 billion, a P/E ratio of 84.18, a P/E/G ratio of 2.23 and a beta of 0.72. The company has a current ratio of 1.16, a quick ratio of 1.16 and a debt-to-equity ratio of 1.12. The company has a 50 day simple moving average of $935.90 and a two-hundred day simple moving average of $894.96.

Equinix (NASDAQ:EQIX) last announced its earnings results on Wednesday, February 12th. The financial services provider reported $7.92 EPS for the quarter, beating analysts’ consensus estimates of $2.75 by $5.17. Equinix had a net margin of 12.29% and a return on equity of 8.34%. On average, research analysts expect that Equinix will post 31.09 earnings per share for the current year.

Insider Buying and Selling at Equinix

In other Equinix news, insider Kurt Pletcher sold 222 shares of the stock in a transaction on Tuesday, December 3rd. The shares were sold at an average price of $962.20, for a total transaction of $213,608.40. Following the completion of the transaction, the insider now owns 1,015 shares in the company, valued at $976,633. This trade represents a 17.95 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director Christopher B. Paisley sold 100 shares of the stock in a transaction on Monday, November 18th. The shares were sold at an average price of $891.00, for a total transaction of $89,100.00. Following the transaction, the director now owns 17,794 shares of the company’s stock, valued at $15,854,454. This trade represents a 0.56 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 16,801 shares of company stock worth $15,530,564 over the last 90 days. 0.27% of the stock is owned by insiders.

Institutional Investors Weigh In On Equinix

Hedge funds and other institutional investors have recently made changes to their positions in the company. Inspire Trust Co. N.A. boosted its holdings in shares of Equinix by 0.7% in the 3rd quarter. Inspire Trust Co. N.A. now owns 1,700 shares of the financial services provider’s stock valued at $1,509,000 after buying an additional 11 shares in the last quarter. Rothschild Investment LLC boosted its holdings in shares of Equinix by 1.9% in the 4th quarter. Rothschild Investment LLC now owns 576 shares of the financial services provider’s stock valued at $543,000 after buying an additional 11 shares in the last quarter. Legacy Financial Advisors Inc. boosted its holdings in shares of Equinix by 3.2% in the 4th quarter. Legacy Financial Advisors Inc. now owns 360 shares of the financial services provider’s stock valued at $340,000 after buying an additional 11 shares in the last quarter. GS Investments Inc. boosted its holdings in shares of Equinix by 0.5% in the 3rd quarter. GS Investments Inc. now owns 2,351 shares of the financial services provider’s stock valued at $2,087,000 after buying an additional 12 shares in the last quarter. Finally, Ritholtz Wealth Management boosted its holdings in shares of Equinix by 1.8% in the 4th quarter. Ritholtz Wealth Management now owns 671 shares of the financial services provider’s stock valued at $633,000 after buying an additional 12 shares in the last quarter. Hedge funds and other institutional investors own 94.94% of the company’s stock.

About Equinix

Equinix (Nasdaq: EQIX) is the world's digital infrastructure company . Digital leaders harness Equinix's trusted platform to bring together and interconnect foundational infrastructure at software speed. Equinix enables organizations to access all the right places, partners and possibilities to scale with agility, speed the launch of digital services, deliver world-class experiences and multiply their value, while supporting their sustainability goals.