Daktronics (NASDAQ:DAKT - Get Free Report) was downgraded by Zacks Research from a "hold" rating to a "strong sell" rating in a research note issued on Monday,Zacks.com reports.
Separately, Wall Street Zen cut shares of Daktronics from a "strong-buy" rating to a "buy" rating in a research note on Saturday. One investment analyst has rated the stock with a Hold rating and one has given a Sell rating to the company's stock. According to MarketBeat, the company presently has an average rating of "Reduce".
Read Our Latest Research Report on DAKT
Daktronics Stock Up 2.3%
Shares of NASDAQ:DAKT opened at $19.71 on Monday. The company's fifty day moving average is $21.01 and its 200-day moving average is $20.81. The company has a debt-to-equity ratio of 0.19, a quick ratio of 1.68 and a current ratio of 2.22. Daktronics has a 52 week low of $13.05 and a 52 week high of $28.27. The company has a market capitalization of $951.99 million, a PE ratio of 35.84, a P/E/G ratio of 0.53 and a beta of 1.67.
Daktronics (NASDAQ:DAKT - Get Free Report) last announced its earnings results on Wednesday, March 4th. The technology company reported $0.09 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.18 by ($0.09). The firm had revenue of $181.87 million for the quarter, compared to analyst estimates of $181.00 million. Daktronics had a return on equity of 16.55% and a net margin of 3.43%. Equities research analysts predict that Daktronics will post 0.94 earnings per share for the current fiscal year.
Institutional Inflows and Outflows
Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Hillsdale Investment Management Inc. grew its holdings in Daktronics by 161.2% during the 1st quarter. Hillsdale Investment Management Inc. now owns 392,089 shares of the technology company's stock worth $7,665,000 after acquiring an additional 241,969 shares during the last quarter. Inspire Investing LLC raised its stake in shares of Daktronics by 11.7% in the first quarter. Inspire Investing LLC now owns 26,409 shares of the technology company's stock worth $516,000 after acquiring an additional 2,775 shares during the last quarter. North Star Investment Management Corp. acquired a new position in shares of Daktronics during the first quarter worth approximately $313,000. OP Asset Management Ltd acquired a new position in shares of Daktronics during the first quarter worth approximately $2,133,000. Finally, Caitong International Asset Management Co. Ltd grew its stake in shares of Daktronics by 22,566.7% during the fourth quarter. Caitong International Asset Management Co. Ltd now owns 1,360 shares of the technology company's stock valued at $27,000 after purchasing an additional 1,354 shares during the last quarter. Institutional investors and hedge funds own 61.69% of the company's stock.
About Daktronics
(
Get Free Report)
Daktronics, Inc NASDAQ: DAKT is a leading designer and manufacturer of electronic display systems, video boards, scoreboards and related control systems. Founded in 1968 in Brookings, South Dakota by Al Kurtenbach and Duane Sander, the company has built a reputation for delivering custom visual display solutions to a wide range of markets. Its product portfolio includes large-format LED video displays, programmable message centers, digital billboards, and audio-visual solutions tailored to sports venues, transportation authorities, retail environments and live event producers.
The company's primary business activities encompass the engineering, fabrication and installation of display systems for customers around the world.
See Also
This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.
Before you consider Daktronics, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Daktronics wasn't on the list.
While Daktronics currently has a Reduce rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
We are about to experience the greatest A.I. boom in stock market history...
Thanks to a pivotal economic catalyst, specific tech stocks will skyrocket just like they did during the "dot com" boom in the 1990s.
That’s why, we’ve hand-selected 7 tiny tech disruptor stocks positioned to surge.
- The first pick is a tiny under-the-radar A.I. stock that's trading for just $3.00. This company already has 98 registered patents for cutting-edge voice and sound recognition technology... And has lined up major partnerships with some of the biggest names in the auto, tech, and music industry... plus many more.
- The second pick presents an affordable avenue to bolster EVs and AI development…. Analysts are calling this stock a “buy” right now and predict a high price target of $19.20, substantially more than its current $6 trading price.
- Our final and favorite pick is generating a brand-new kind of AI. It's believed this tech will be bigger than the current well-known leader in this industry… Analysts predict this innovative tech is gearing up to create a tidal wave of new wealth, fueling a $15.7 TRILLION market boom.
Right now, we’re staring down the barrel of a true once-in-a-lifetime moment. As an investment opportunity, this kind of breakthrough doesn't come along every day.
And the window to get in on the ground-floor — maximizing profit potential from this expected market surge — is closing quickly...
Simply click the link below to get the names and tickers of the 7 small stocks with potential to make investors very, very happy.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
