Shares of Daktronics, Inc. (NASDAQ:DAKT) have earned a consensus rating of “Hold” from the six research firms that are presently covering the stock, MarketBeat.com reports. Three analysts have rated the stock with a hold rating and two have issued a buy rating on the company. The average twelve-month price objective among analysts that have issued a report on the stock in the last year is $10.00.
DAKT has been the topic of several analyst reports. BidaskClub raised Daktronics from a “sell” rating to a “hold” rating in a research note on Thursday, September 6th. Singular Research cut their target price on Daktronics from $12.00 to $10.00 and set a “buy” rating on the stock in a research note on Friday, September 21st.
A number of large investors have recently added to or reduced their stakes in DAKT. BlackRock Inc. lifted its stake in Daktronics by 7.7% in the second quarter. BlackRock Inc. now owns 5,220,944 shares of the technology company’s stock valued at $44,431,000 after buying an additional 373,936 shares during the period. Lesa Sroufe & Co acquired a new position in Daktronics in the third quarter valued at about $2,845,000. First Bank & Trust lifted its stake in Daktronics by 26.7% in the second quarter. First Bank & Trust now owns 1,152,259 shares of the technology company’s stock valued at $9,806,000 after buying an additional 242,810 shares during the period. Dimensional Fund Advisors LP lifted its stake in Daktronics by 5.4% in the second quarter. Dimensional Fund Advisors LP now owns 2,966,351 shares of the technology company’s stock valued at $25,244,000 after buying an additional 150,674 shares during the period. Finally, Renaissance Technologies LLC lifted its stake in Daktronics by 19.6% in the second quarter. Renaissance Technologies LLC now owns 708,000 shares of the technology company’s stock valued at $6,025,000 after buying an additional 116,200 shares during the period. 59.59% of the stock is currently owned by hedge funds and other institutional investors.
Shares of DAKT opened at $7.67 on Friday. The company has a current ratio of 1.91, a quick ratio of 1.37 and a debt-to-equity ratio of 0.08. Daktronics has a 12-month low of $7.14 and a 12-month high of $10.14. The firm has a market cap of $342.89 million, a PE ratio of 59.15 and a beta of 1.01.
Daktronics (NASDAQ:DAKT) last issued its quarterly earnings results on Tuesday, August 21st. The technology company reported $0.10 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.15 by ($0.05). Daktronics had a net margin of 0.29% and a return on equity of 2.96%. The firm had revenue of $154.20 million for the quarter, compared to analyst estimates of $168.52 million. During the same period last year, the company earned $0.19 EPS. The company’s revenue was down 10.7% compared to the same quarter last year.
Daktronics, Inc designs, manufactures, and sells a range of electronic display systems and related products worldwide. It operates through five segments: Commercial, Live Events, High School Park and Recreation, Transportation, and International. The company offers video display systems, such as displays to show various levels of video, graphics, and animation; LED ribbon board displays; mobile and modular display systems; freeform LED displays, which include architectural lighting and display products; indoor and outdoor scoreboards for various sports, digit displays, scoring and timing controllers, statistics software, and other related products; and timing systems for sports events primarily aquatics and track competitions, as well as swimming touchpads, race start systems, and relay take-off platforms.
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