Daseke (DSKE) Upgraded by ValuEngine to “Hold”

ValuEngine upgraded shares of Daseke (NASDAQ:DSKE) from a sell rating to a hold rating in a research report released on Tuesday.

DSKE has been the subject of a number of other reports. BidaskClub lowered shares of Daseke from a buy rating to a hold rating in a report on Saturday, January 20th. Cowen restated a buy rating on shares of Daseke in a report on Monday, February 26th. Seaport Global Securities began coverage on shares of Daseke in a report on Tuesday, March 6th. They issued a buy rating for the company. Stifel Nicolaus began coverage on shares of Daseke in a report on Friday, April 6th. They issued a buy rating and a $12.00 price objective for the company. Finally, Buckingham Research began coverage on shares of Daseke in a report on Friday, February 23rd. They issued a buy rating and a $14.00 price objective for the company. One research analyst has rated the stock with a sell rating, one has issued a hold rating and six have given a buy rating to the company. The stock currently has an average rating of Buy and an average price target of $14.10.

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Shares of NASDAQ DSKE opened at $9.11 on Tuesday. Daseke has a twelve month low of $8.76 and a twelve month high of $14.52. The company has a market capitalization of $513.95, a P/E ratio of -15.18 and a beta of 0.70. The company has a quick ratio of 2.47, a current ratio of 2.47 and a debt-to-equity ratio of 2.01.

Daseke (NASDAQ:DSKE) last announced its quarterly earnings data on Friday, March 16th. The company reported ($0.13) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.18) by $0.05. Daseke had a net margin of 3.09% and a negative return on equity of 7.54%. The company had revenue of $257.23 million during the quarter, compared to analyst estimates of $253.61 million. sell-side analysts expect that Daseke will post 0.06 earnings per share for the current fiscal year.

In other Daseke news, Director Kevin M. Charlton sold 80,000 shares of the business’s stock in a transaction on Tuesday, February 20th. The shares were sold at an average price of $9.99, for a total transaction of $799,200.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 37.22% of the stock is currently owned by insiders.

A number of institutional investors and hedge funds have recently made changes to their positions in the business. TimesSquare Capital Management LLC raised its stake in Daseke by 109.5% during the 4th quarter. TimesSquare Capital Management LLC now owns 1,510,000 shares of the company’s stock valued at $21,578,000 after buying an additional 789,100 shares during the last quarter. BlackRock Inc. raised its stake in Daseke by 39.8% during the 4th quarter. BlackRock Inc. now owns 1,263,249 shares of the company’s stock valued at $18,052,000 after buying an additional 359,494 shares during the last quarter. Emerald Advisers Inc. PA raised its stake in Daseke by 53.5% during the 4th quarter. Emerald Advisers Inc. PA now owns 1,168,230 shares of the company’s stock valued at $16,694,000 after buying an additional 407,273 shares during the last quarter. Renaissance Technologies LLC raised its stake in Daseke by 12.3% during the 4th quarter. Renaissance Technologies LLC now owns 1,009,300 shares of the company’s stock valued at $14,423,000 after buying an additional 110,400 shares during the last quarter. Finally, Kennedy Capital Management Inc. raised its stake in Daseke by 9.9% during the 4th quarter. Kennedy Capital Management Inc. now owns 495,917 shares of the company’s stock valued at $7,087,000 after buying an additional 44,493 shares during the last quarter. Institutional investors and hedge funds own 31.64% of the company’s stock.

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Daseke Company Profile

Daseke, Inc provides transportation and logistics solutions with a focus on flatbed and specialized freight in North America. It operates through Flatbed Solutions and Specialized Solutions segments. The company transports heavy haul freight, defense and commercial arms, ammunition and explosives, radioactive cargo and hazardous materials, and commercial sheet glass, as well as offers 10-wheel drive-away services.

To view ValuEngine’s full report, visit ValuEngine’s official website.

Analyst Recommendations for Daseke (NASDAQ:DSKE)

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