Daktronics (NASDAQ:DAKT) Upgraded at StockNews.com

StockNews.com upgraded shares of Daktronics (NASDAQ:DAKT) from a hold rating to a buy rating in a research note published on Monday.

Separately, Singular Research raised Daktronics to a “strong-buy” rating in a research report on Monday, September 9th.

Daktronics Stock Performance

NASDAQ:DAKT opened at $13.62 on Monday. 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 has a fifty-two week low of $7.20 and a fifty-two week high of $15.97. The company has a 50 day simple moving average of $13.51 and a two-hundred day simple moving average of $12.35. The company has a market capitalization of $630.55 million, a PE ratio of 22.33, a P/E/G ratio of 0.47 and a beta of 1.14.

Daktronics (NASDAQ:DAKT) last posted its quarterly earnings data on Wednesday, September 4th. The technology company reported $0.36 earnings per share for the quarter, topping the consensus estimate of $0.30 by $0.06. Daktronics had a net margin of 1.29% and a return on equity of 19.92%. The company had revenue of $226.09 million during the quarter, compared to analysts’ expectations of $216.84 million. Research analysts anticipate that Daktronics will post 0.89 earnings per share for the current year.

Insider Transactions at Daktronics

In related news, VP Matthew John Kurtenbach sold 2,000 shares of the stock in a transaction on Wednesday, July 31st. The shares were sold at an average price of $14.96, for a total transaction of $29,920.00. Following the transaction, the vice president now directly owns 208,906 shares of the company’s stock, valued at $3,125,233.76. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In related news, VP Matthew John Kurtenbach sold 2,000 shares of the company’s stock in a transaction that occurred on Wednesday, July 31st. The stock was sold at an average price of $14.96, for a total transaction of $29,920.00. Following the transaction, the vice president now directly owns 208,906 shares of the company’s stock, valued at approximately $3,125,233.76. This represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Bradley T. Wiemann sold 25,000 shares of the firm’s stock in a transaction that occurred on Friday, September 27th. The shares were sold at an average price of $12.89, for a total value 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 $1,101,398.94. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 45,872 shares of company stock valued at $608,838 in the last quarter. 8.30% of the stock is currently owned by company insiders.

Institutional Trading of Daktronics

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. CWM LLC grew its holdings in shares of Daktronics by 31.4% during the second quarter. CWM LLC now owns 3,646 shares of the technology company’s stock valued at $51,000 after buying an additional 872 shares during the last quarter. Northwestern Mutual Wealth Management Co. boosted its stake in Daktronics by 92.3% during the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 2,309 shares of the technology company’s stock valued at $32,000 after purchasing an additional 1,108 shares during the last quarter. Hexagon Capital Partners LLC boosted its stake in Daktronics by 150.0% during the 2nd quarter. Hexagon Capital Partners LLC now owns 4,000 shares of the technology company’s stock valued at $56,000 after purchasing an additional 2,400 shares during the last quarter. Anchor Capital Advisors LLC raised its stake in shares of Daktronics by 1.9% in the second quarter. Anchor Capital Advisors LLC now owns 148,387 shares of the technology company’s stock worth $2,070,000 after purchasing an additional 2,778 shares during the last quarter. Finally, Rhumbline Advisers lifted its holdings in shares of Daktronics by 10.9% in the second quarter. Rhumbline Advisers now owns 57,749 shares of the technology company’s stock valued at $806,000 after purchasing an additional 5,689 shares in the last quarter. Institutional investors own 61.69% of the company’s stock.

About Daktronics

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.