Northland Capital upgrades Alta Equipment Group Inc (ALTG) rating to an Outperform

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In a filing, Alta Equipment Group Inc revealed its Director STUDDERT ANDREW P acquired Company’s shares for reported $32348.0 on May 29 ’25. In the deal valued at $4.80 per share,6,743 shares were bought. As a result of this transaction, STUDDERT ANDREW P now holds 93,334 shares worth roughly $0.76 million.

Then, STUDDERT ANDREW P bought 3,257 shares, generating $15,650 in total proceeds. Upon buying the shares at $4.80, the Director now owns 96,591 shares.

Before that, Brubaker Craig sold 5,294 shares. Alta Equipment Group Inc shares valued at $26,471 were divested by the Chief Operating Officer at a price of $5.00 per share. As a result of the transaction, Brubaker Craig now holds 98,640 shares, worth roughly $0.8 million.

Northland Capital upgraded its Alta Equipment Group Inc [ALTG] rating to an Outperform from a a Market perform in a research note published recently. Northland Capital also remained covering ALTG and has decreased its forecast on November 13, 2024 with a “Market perform” recommendation from previously “an Outperform” rating. Northland Capital started covering the stock on September 23, 2022. It rated ALTG as “an Outperform”.

Price Performance Review of ALTG

On Tuesday, Alta Equipment Group Inc [NYSE:ALTG] saw its stock fall -5.45% to $8.15. Over the last five days, the stock has gained 6.82%. Alta Equipment Group Inc shares have fallen nearly -26.38% since the year began. Nevertheless, the stocks have risen 24.62% over the past one year. While a 52-week high of $10.97 was reached on 07/08/25, a 52-week low of $3.54 was recorded on 04/04/25.

Levels Of Support And Resistance For ALTG Stock

The 24-hour chart illustrates a support level at 7.89, which if violated will result in even more drops to 7.64. On the upside, there is a resistance level at 8.58. A further resistance level may holdings at 9.01.

How much short interest is there in Alta Equipment Group Inc?

A steep rise in short interest was recorded in Alta Equipment Group Inc stocks on 2025-07-15, dropping by -0.46 million shares to a total of 1.16 million shares. Yahoo Finance data shows the prior-month short interest on 2025-06-13 was 1.63 million shares. There was a decline of -40.02%, which implies that there is a negative sentiment for the stock.

The most recent change occurred on January 04, 2022 when B. Riley Securities resumed its ‘”a Buy”‘ rating for the stock and retained the price target to $22.

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