Daktronics, Inc. (NASDAQ:DAKT - Get Free Report) shares traded down 3.4% on Friday . The stock traded as low as $13.23 and last traded at $13.24. 175,012 shares changed hands during trading, a decline of 66% from the average session volume of 510,069 shares. The stock had previously closed at $13.71.
Wall Street Analyst Weigh In
Several equities analysts recently issued reports on the stock. StockNews.com upgraded shares of Daktronics from a "hold" rating to a "buy" rating in a report on Monday. Singular Research raised Daktronics to a "strong-buy" rating in a research note on Monday, September 9th.
Check Out Our Latest Report on DAKT
Daktronics Price Performance
The business has a fifty day simple moving average of $13.49 and a 200-day simple moving average of $12.38. The stock has a market capitalization of $627.31 million, a P/E ratio of 22.21, a PEG ratio of 0.47 and a beta of 1.14. The company has a debt-to-equity ratio of 0.48, a quick ratio of 1.48 and a current ratio of 2.17.
Daktronics (NASDAQ:DAKT - Get Free Report) last posted its quarterly earnings results on Wednesday, September 4th. The technology company reported $0.36 EPS for the quarter, topping analysts' consensus estimates of $0.30 by $0.06. Daktronics had a net margin of 1.29% and a return on equity of 19.92%. The business had revenue of $226.09 million during the quarter, compared to analysts' expectations of $216.84 million. Sell-side analysts expect that Daktronics, Inc. will post 0.89 earnings per share for the current fiscal year.
Insiders Place Their Bets
In other news, VP Matthew John Kurtenbach sold 3,000 shares of the business's stock in a transaction that occurred on Monday, July 29th. The stock was sold at an average price of $15.03, for a total transaction of $45,090.00. Following the completion of the sale, the vice president now owns 208,906 shares in the company, valued at $3,139,857.18. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. In other Daktronics news, EVP Bradley T. Wiemann sold 25,000 shares of the business's stock in a transaction that occurred on Friday, September 27th. The stock was sold at an average price of $12.89, for a total transaction of $322,250.00. Following the completion of the sale, the executive vice president now directly owns 85,446 shares of the company's stock, valued at approximately $1,101,398.94. The trade was a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, VP Matthew John Kurtenbach sold 3,000 shares of the company's stock in a transaction on Monday, July 29th. The stock was sold at an average price of $15.03, for a total value of $45,090.00. Following the sale, the vice president now owns 208,906 shares of the company's stock, valued at $3,139,857.18. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 45,872 shares of company stock worth $608,838. Corporate insiders own 8.30% of the company's stock.
Hedge Funds Weigh In On Daktronics
A number of hedge funds have recently bought and sold shares of the company. Duquesne Family Office LLC lifted its position in shares of Daktronics by 20.3% during the second quarter. Duquesne Family Office LLC now owns 2,493,605 shares of the technology company's stock valued at $34,786,000 after purchasing an additional 420,161 shares in the last quarter. Vanguard Group Inc. boosted its stake in shares of Daktronics by 1.8% in the 1st quarter. Vanguard Group Inc. now owns 2,338,484 shares of the technology company's stock worth $23,291,000 after buying an additional 41,076 shares during the last quarter. Progeny 3 Inc. grew its holdings in shares of Daktronics by 140.0% in the second quarter. Progeny 3 Inc. now owns 1,794,908 shares of the technology company's stock valued at $25,039,000 after acquiring an additional 1,047,156 shares in the last quarter. First Bank & Trust boosted its position in Daktronics by 29.5% in the first quarter. First Bank & Trust now owns 997,216 shares of the technology company's stock worth $9,932,000 after purchasing an additional 227,108 shares during the last quarter. Finally, American Century Companies Inc. grew its stake in Daktronics by 27.5% in the 2nd quarter. American Century Companies Inc. now owns 869,837 shares of the technology company's stock valued at $12,134,000 after purchasing an additional 187,486 shares during the period. 61.69% of the stock is owned by hedge funds and other institutional investors.
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.
Further Reading
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 "Strong Buy" rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Click the link below and we'll send you MarketBeat's list of seven stocks and why their long-term outlooks are very promising.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
