Daktronics, Inc. (NASDAQ:DAKT) was upgraded by analysts at BidaskClub from a “sell” rating to a “hold” rating in a research report issued on Friday.

Separately, Zacks Investment Research raised shares of Daktronics from a “sell” rating to a “hold” rating in a research note on Tuesday, May 16th. Two research analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. The stock presently has an average rating of “Buy” and a consensus target price of $12.17.

Daktronics (NASDAQ:DAKT) opened at 9.37 on Friday. The firm’s 50-day moving average is $9.60 and its 200 day moving average is $9.52. The firm has a market capitalization of $413.99 million, a price-to-earnings ratio of 40.74 and a beta of 1.30. Daktronics has a 12 month low of $6.83 and a 12 month high of $11.12.

Daktronics (NASDAQ:DAKT) last released its earnings results on Wednesday, May 31st. The technology company reported $0.02 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.06 by $0.04. The company had revenue of $143.70 million for the quarter, compared to analyst estimates of $141.50 million. Daktronics had a net margin of 1.76% and a return on equity of 5.14%. The firm’s quarterly revenue was up 3.8% on a year-over-year basis. During the same period in the previous year, the business posted ($0.07) EPS. Equities analysts predict that Daktronics will post $0.36 earnings per share for the current year.

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In other news, Director John L. Mulligan sold 16,000 shares of Daktronics stock in a transaction that occurred on Wednesday, June 14th. The shares were sold at an average price of $9.83, for a total value of $157,280.00. Following the transaction, the director now owns 72,953 shares of the company’s stock, valued at approximately $717,127.99. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director John L. Mulligan sold 37,307 shares of Daktronics stock in a transaction that occurred on Monday, September 18th. The stock was sold at an average price of $13.20, for a total transaction of $492,452.40. Following the completion of the transaction, the director now directly owns 67,182 shares in the company, valued at approximately $886,802.40. The disclosure for this sale can be found here. In the last three months, insiders have sold 67,661 shares of company stock worth $791,626. 8.20% of the stock is owned by corporate insiders.

Several institutional investors have recently made changes to their positions in the company. UBS Asset Management Americas Inc. boosted its position in shares of Daktronics by 0.5% in the second quarter. UBS Asset Management Americas Inc. now owns 12,084 shares of the technology company’s stock valued at $116,000 after buying an additional 64 shares in the last quarter. Louisiana State Employees Retirement System boosted its position in shares of Daktronics by 1.2% in the first quarter. Louisiana State Employees Retirement System now owns 16,300 shares of the technology company’s stock valued at $154,000 after buying an additional 200 shares in the last quarter. Texas Permanent School Fund boosted its position in shares of Daktronics by 0.8% in the second quarter. Texas Permanent School Fund now owns 29,279 shares of the technology company’s stock valued at $282,000 after buying an additional 245 shares in the last quarter. Arizona State Retirement System boosted its position in shares of Daktronics by 1.5% in the first quarter. Arizona State Retirement System now owns 20,891 shares of the technology company’s stock valued at $197,000 after buying an additional 300 shares in the last quarter. Finally, Aperio Group LLC boosted its position in shares of Daktronics by 3.6% in the second quarter. Aperio Group LLC now owns 14,850 shares of the technology company’s stock valued at $143,000 after buying an additional 512 shares in the last quarter. 50.63% of the stock is currently owned by institutional investors.

Daktronics Company Profile

Daktronics, Inc is a supplier of electronic scoreboards, electronic display systems, digital messaging solutions, software and services for sporting, commercial and transportation applications. The Company operates through five segments: Commercial, Live Events, High School Park and Recreation, Transportation, and International.

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