Daktronics (NASDAQ:DAKT) insider Carla S. Gatzke sold 6,000 shares of Daktronics stock in a transaction on Friday, May 18th. The stock was sold at an average price of $10.00, for a total value of $60,000.00. Following the transaction, the insider now directly owns 432,063 shares of the company’s stock, valued at $4,320,630. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink.
Shares of NASDAQ DAKT traded down $0.09 during trading on Monday, reaching $9.78. The company had a trading volume of 137,100 shares, compared to its average volume of 193,605. Daktronics has a twelve month low of $8.54 and a twelve month high of $10.86. The stock has a market cap of $438.96 million, a price-to-earnings ratio of 42.52 and a beta of 1.15. The company has a quick ratio of 1.60, a current ratio of 2.18 and a debt-to-equity ratio of 0.08.
Daktronics (NASDAQ:DAKT) last released its quarterly earnings results on Tuesday, February 20th. The technology company reported ($0.14) earnings per share for the quarter, missing the Zacks’ consensus estimate of ($0.03) by ($0.11). Daktronics had a return on equity of 7.11% and a net margin of 1.67%. The company had revenue of $130.32 million during the quarter, compared to analyst estimates of $123.84 million. During the same period last year, the firm earned ($0.12) earnings per share. The business’s revenue was up 12.6% compared to the same quarter last year.
Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Citadel Advisors LLC raised its holdings in shares of Daktronics by 32.5% in the fourth quarter. Citadel Advisors LLC now owns 212,529 shares of the technology company’s stock worth $1,941,000 after acquiring an additional 52,079 shares during the last quarter. Schwab Charles Investment Management Inc. raised its holdings in shares of Daktronics by 8.4% in the fourth quarter. Schwab Charles Investment Management Inc. now owns 170,649 shares of the technology company’s stock worth $1,559,000 after acquiring an additional 13,270 shares during the last quarter. Systematic Financial Management LP raised its holdings in shares of Daktronics by 68.8% in the fourth quarter. Systematic Financial Management LP now owns 378,450 shares of the technology company’s stock worth $3,455,000 after acquiring an additional 154,258 shares during the last quarter. Alambic Investment Management L.P. raised its holdings in shares of Daktronics by 67.7% in the fourth quarter. Alambic Investment Management L.P. now owns 67,568 shares of the technology company’s stock worth $617,000 after acquiring an additional 27,265 shares during the last quarter. Finally, Rhumbline Advisers raised its holdings in shares of Daktronics by 8.6% in the fourth quarter. Rhumbline Advisers now owns 87,234 shares of the technology company’s stock worth $796,000 after acquiring an additional 6,898 shares during the last quarter. 57.69% of the stock is owned by institutional investors.
Several equities analysts recently issued reports on the company. ValuEngine raised Daktronics from a “sell” rating to a “hold” rating in a report on Wednesday, March 7th. TheStreet cut Daktronics from a “b-” rating to a “c+” rating in a report on Wednesday, February 21st. Zacks Investment Research raised Daktronics from a “sell” rating to a “hold” rating in a report on Tuesday, January 23rd. BidaskClub raised Daktronics from a “sell” rating to a “hold” rating in a report on Tuesday, March 20th. Finally, Sidoti assumed coverage on Daktronics in a report on Wednesday, January 24th. They set a “neutral” rating and a $10.00 price objective for the company. Four equities research analysts have rated the stock with a hold rating, The stock presently has an average rating of “Hold” and a consensus price target of $10.50.
Daktronics Company Profile
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, as well as controllers; 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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