Daktronics (NASDAQ:DAKT - Get Free Report)'s stock had its "hold (c-)" rating reissued by stock analysts at Weiss Ratings in a research report issued to clients and investors on Wednesday,Weiss Ratings reports.
Other equities research analysts have also issued research reports about the stock. Wall Street Zen raised shares of Daktronics from a "buy" rating to a "strong-buy" rating in a research note on Sunday, September 14th. Zacks Research raised shares of Daktronics from a "hold" rating to a "strong-buy" rating in a research report on Thursday, September 11th. One analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating and one has assigned a Hold rating to the company's stock. According to data from MarketBeat, the stock currently has a consensus rating of "Buy" and a consensus price target of $26.00.
Get Our Latest Analysis on DAKT
Daktronics Stock Performance
NASDAQ DAKT traded up $0.50 on Wednesday, hitting $19.95. 397,958 shares of the company's stock were exchanged, compared to its average volume of 818,677. The firm has a market cap of $968.17 million, a price-to-earnings ratio of 32.42, a P/E/G ratio of 0.59 and a beta of 1.69. The company has a debt-to-equity ratio of 0.19, a current ratio of 2.07 and a quick ratio of 1.54. The firm's 50-day moving average price is $18.85 and its two-hundred day moving average price is $15.83. Daktronics has a fifty-two week low of $10.24 and a fifty-two week high of $24.38.
Daktronics (NASDAQ:DAKT - Get Free Report) last issued its earnings results on Wednesday, September 10th. The technology company reported $0.33 earnings per share for the quarter, topping the consensus estimate of $0.24 by $0.09. The business had revenue of $218.97 million for the quarter, compared to analyst estimates of $196.90 million. Daktronics had a return on equity of 14.64% and a net margin of 1.51%. On average, research analysts expect that Daktronics will post 0.96 EPS for the current year.
Insider Buying and Selling at Daktronics
In other news, VP Carla S. Gatzke sold 9,944 shares of the business's stock in a transaction that occurred on Wednesday, September 17th. The shares were sold at an average price of $23.09, for a total value of $229,606.96. Following the completion of the sale, the vice president directly owned 721,036 shares in the company, valued at approximately $16,648,721.24. The trade was a 1.36% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, Director John Patrick Friel sold 13,479 shares of the company's stock in a transaction dated Monday, September 15th. The shares were sold at an average price of $23.58, for a total transaction of $317,834.82. Following the transaction, the director owned 74,094 shares in the company, valued at $1,747,136.52. This represents a 15.39% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 27,262 shares of company stock worth $612,167 over the last three months. 5.30% of the stock is owned by insiders.
Institutional Inflows and Outflows
Large investors have recently bought and sold shares of the stock. Alta Fox Capital Management LLC increased its position in shares of Daktronics by 94.3% during the first quarter. Alta Fox Capital Management LLC now owns 5,973,599 shares of the technology company's stock worth $72,758,000 after purchasing an additional 2,899,263 shares in the last quarter. Duquesne Family Office LLC lifted its stake in shares of Daktronics by 0.3% in the 2nd quarter. Duquesne Family Office LLC now owns 3,076,224 shares of the technology company's stock worth $46,513,000 after acquiring an additional 8,599 shares during the period. Progeny 3 Inc. boosted its position in Daktronics by 7.3% during the second quarter. Progeny 3 Inc. now owns 2,650,037 shares of the technology company's stock worth $40,069,000 after purchasing an additional 179,529 shares in the last quarter. Vanguard Group Inc. lifted its position in shares of Daktronics by 1.0% in the first quarter. Vanguard Group Inc. now owns 2,475,948 shares of the technology company's stock valued at $30,157,000 after acquiring an additional 24,984 shares in the last quarter. Finally, Breach Inlet Capital Management LLC increased its stake in Daktronics by 82.6% in the first quarter. Breach Inlet Capital Management LLC now owns 1,656,758 shares of the technology company's stock valued at $20,179,000 after purchasing an additional 749,444 shares during the last quarter. 61.69% of the stock is owned by institutional investors and hedge funds.
About Daktronics
(
Get Free Report)
Daktronics, Inc designs, manufactures, and sells electronic scoreboards, programmable display systems and large screen video displays for sporting, commercial, and transportation applications in the United States and internationally. It operates through Commercial, Live Events, High School Park and Recreation, Transportation, and International segments.
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