Equinix (NASDAQ:EQIX) Coverage Initiated by Analysts at JMP Securities

Stock analysts at JMP Securities began coverage on shares of Equinix (NASDAQ:EQIX) in a note issued to investors on Monday,Briefing.com Automated Import reports. The firm set an “outperform” rating and a $1,200.00 price target on the financial services provider’s stock. JMP Securities’ price objective points to a potential upside of 27.54% from the company’s previous close.

A number of other equities analysts have also commented on the company. Hsbc Global Res upgraded Equinix from a “hold” rating to a “strong-buy” rating in a research note on Friday, October 4th. Evercore ISI upped their price target on Equinix from $945.00 to $975.00 and gave the stock an “outperform” rating in a report on Wednesday, October 23rd. Stifel Nicolaus raised their price objective on shares of Equinix from $995.00 to $1,080.00 and gave the stock a “buy” rating in a research note on Wednesday, November 20th. HSBC upgraded shares of Equinix from a “hold” rating to a “buy” rating and upped their target price for the company from $865.00 to $1,000.00 in a research note on Friday, October 4th. Finally, Scotiabank raised their price target on shares of Equinix from $985.00 to $1,114.00 and gave the stock a “sector outperform” rating in a research report on Thursday. Three research analysts have rated the stock with a hold rating, fifteen have issued a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, Equinix currently has an average rating of “Moderate Buy” and a consensus target price of $997.53.

Equinix Price Performance

Shares of Equinix stock opened at $940.85 on Monday. 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 firm has a fifty day simple moving average of $944.51 and a 200-day simple moving average of $883.61. The stock has a market capitalization of $90.78 billion, a price-to-earnings ratio of 84.84, a PEG ratio of 2.20 and a beta of 0.73. Equinix has a 1-year low of $684.14 and a 1-year high of $994.03.

Insider Activity at Equinix

In other news, Chairman Charles J. Meyers sold 5,788 shares of the company’s stock in a transaction that occurred on Thursday, January 16th. The shares were sold at an average price of $909.81, for a total value of $5,265,980.28. Following the completion of the transaction, the chairman now owns 15,233 shares in the company, valued at $13,859,135.73. This represents a 27.53 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Raouf Abdel sold 1,331 shares of the stock in a transaction dated Thursday, January 16th. The stock was sold at an average price of $903.71, for a total value of $1,202,838.01. Following the transaction, the executive vice president now owns 6,579 shares of the company’s stock, valued at approximately $5,945,508.09. This trade represents a 16.83 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 19,549 shares of company stock worth $18,036,455 in the last quarter. Corporate insiders own 0.27% of the company’s stock.

Hedge Funds Weigh In On Equinix

Several hedge funds have recently made changes to their positions in the business. GHP Investment Advisors Inc. increased its position in shares of Equinix by 50.0% in the third quarter. GHP Investment Advisors Inc. now owns 39 shares of the financial services provider’s stock valued at $35,000 after acquiring an additional 13 shares during the last quarter. Fortitude Family Office LLC increased its stake in shares of Equinix by 50.0% during the 3rd quarter. Fortitude Family Office LLC now owns 39 shares of the financial services provider’s stock worth $35,000 after purchasing an additional 13 shares during the last quarter. Sugarloaf Wealth Management LLC lifted its stake in Equinix by 100.0% in the 3rd quarter. Sugarloaf Wealth Management LLC now owns 40 shares of the financial services provider’s stock valued at $36,000 after purchasing an additional 20 shares during the last quarter. Dunhill Financial LLC lifted its stake in Equinix by 108.7% in the 3rd quarter. Dunhill Financial LLC now owns 48 shares of the financial services provider’s stock valued at $43,000 after purchasing an additional 25 shares during the last quarter. Finally, Webster Bank N. A. grew its holdings in Equinix by 112.5% during the third quarter. Webster Bank N. A. now owns 51 shares of the financial services provider’s stock worth $45,000 after purchasing an additional 27 shares during the period. 94.94% of the stock is owned by institutional investors.

Equinix Company Profile

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.