Daktronics (DAKT) Receiving Somewhat Positive News Coverage, Analysis Finds

Media stories about Daktronics (NASDAQ:DAKT) have been trending somewhat positive recently, according to Accern Sentiment. The research firm ranks the sentiment of news coverage by analyzing more than twenty million news and blog sources. Accern ranks coverage of publicly-traded companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Daktronics earned a daily sentiment score of 0.18 on Accern’s scale. Accern also assigned news stories about the technology company an impact score of 45.6603810493993 out of 100, meaning that recent news coverage is somewhat unlikely to have an impact on the company’s share price in the immediate future.

Here are some of the media headlines that may have impacted Accern Sentiment’s rankings:

Several research firms have weighed in on DAKT. TheStreet raised shares of Daktronics from a “c+” rating to a “b-” rating in a report on Wednesday, September 27th. Zacks Investment Research cut shares of Daktronics from a “strong-buy” rating to a “hold” rating in a report on Tuesday. Finally, BidaskClub raised shares of Daktronics from a “sell” rating to a “hold” rating in a report on Thursday, August 3rd. Two research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. The company currently has an average rating of “Buy” and a consensus price target of $11.83.

Shares of Daktronics (DAKT) traded up 0.48% during trading on Friday, hitting $10.46. 112,635 shares of the stock were exchanged. Daktronics has a 52 week low of $7.84 and a 52 week high of $11.12. The firm has a market capitalization of $463.24 million, a price-to-earnings ratio of 35.95 and a beta of 1.28. The stock’s 50 day moving average price is $10.30 and its 200 day moving average price is $9.71.

Daktronics (NASDAQ:DAKT) last issued its quarterly earnings results on Tuesday, August 22nd. The technology company reported $0.19 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.13 by $0.06. Daktronics had a net margin of 4.88% and a return on equity of 16.71%. The company had revenue of $172.70 million for the quarter, compared to the consensus estimate of $165.00 million. During the same quarter in the prior year, the company earned $0.13 EPS. Daktronics’s quarterly revenue was up 9.9% on a year-over-year basis. On average, equities analysts predict that Daktronics will post $0.40 earnings per share for the current year.

In other news, insider Carla S. Gatzke sold 2,988 shares of the stock in a transaction that occurred on Tuesday, August 22nd. The stock was sold at an average price of $10.00, for a total transaction of $29,880.00. Following the transaction, the insider now owns 436,130 shares in the company, valued at approximately $4,361,300. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, Director John L. Mulligan sold 37,307 shares of the firm’s stock in a transaction on Monday, September 18th. The shares were sold at an average price of $13.20, for a total value of $492,452.40. Following the completion of the transaction, the director now 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 90 days, insiders sold 43,291 shares of company stock worth $553,101. Insiders own 8.20% of the company’s stock.

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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.

Insider Buying and Selling by Quarter for Daktronics (NASDAQ:DAKT)

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