Daseke (DSKE) Lifted to Hold at BidaskClub

Daseke (NASDAQ:DSKE) was upgraded by stock analysts at BidaskClub from a “sell” rating to a “hold” rating in a note issued to investors on Tuesday.

Separately, Northland Securities reiterated a “buy” rating and issued a $17.50 price objective on shares of Daseke in a research note on Monday, December 11th. Two investment analysts have rated the stock with a hold rating and four have given a buy rating to the company. The stock presently has an average rating of “Buy” and a consensus price target of $14.88.

Shares of Daseke (NASDAQ DSKE) opened at $12.86 on Tuesday. Daseke has a 12-month low of $8.76 and a 12-month high of $14.52. The company has a current ratio of 2.88, a quick ratio of 2.89 and a debt-to-equity ratio of 2.05.

Daseke (NASDAQ:DSKE) last announced its quarterly earnings results on Thursday, November 9th. The company reported ($0.03) earnings per share for the quarter, missing analysts’ consensus estimates of $0.06 by ($0.09). The business had revenue of $231.32 million during the quarter, compared to the consensus estimate of $214.48 million. The firm’s revenue was up 32.8% on a year-over-year basis. equities research analysts anticipate that Daseke will post -0.58 EPS for the current fiscal year.

Several institutional investors have recently bought and sold shares of the company. Emerald Advisers Inc. PA increased its stake in shares of Daseke by 53.5% in the fourth quarter. Emerald Advisers Inc. PA now owns 1,168,230 shares of the company’s stock worth $16,694,000 after purchasing an additional 407,273 shares during the period. Boston Partners bought a new position in shares of Daseke in the fourth quarter worth about $5,375,000. Mutual of America Capital Management LLC increased its stake in shares of Daseke by 58.3% in the fourth quarter. Mutual of America Capital Management LLC now owns 324,191 shares of the company’s stock worth $4,633,000 after purchasing an additional 119,428 shares during the period. Malaga Cove Capital LLC increased its stake in shares of Daseke by 16.7% in the fourth quarter. Malaga Cove Capital LLC now owns 144,303 shares of the company’s stock worth $2,062,000 after purchasing an additional 20,611 shares during the period. Finally, Schwab Charles Investment Management Inc. increased its stake in shares of Daseke by 93.0% in the fourth quarter. Schwab Charles Investment Management Inc. now owns 137,320 shares of the company’s stock worth $1,963,000 after purchasing an additional 66,176 shares during the period. Institutional investors and hedge funds own 34.20% of the company’s stock.

TRADEMARK VIOLATION NOTICE: This news story was originally reported by American Banking News and is owned by of American Banking News. If you are reading this news story on another website, it was stolen and reposted in violation of international copyright laws. The correct version of this news story can be read at https://www.americanbankingnews.com/2018/02/06/daseke-dske-lifted-to-hold-at-bidaskclub.html.

Daseke Company Profile

Daseke, Inc is a consolidator of the open deck freight market in North America. The Company provides open deck transportation and logistics. It operates through two segments: Flatbed Solutions and Specialized Solutions. The Flatbed Solutions segment focuses on delivering transportation and logistics solutions that principally require the use of flatbed and retractable-sided transportation equipment.

Receive News & Ratings for Daseke Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Daseke and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply