BidaskClub upgraded shares of Daseke (NASDAQ:DSKE) from a sell rating to a hold rating in a research report report published on Tuesday morning.
A number of other equities analysts have also weighed in on the stock. ValuEngine upgraded shares of Daseke from a sell rating to a hold rating in a report on Tuesday, May 8th. Cowen restated a buy rating on shares of Daseke in a report on Tuesday, May 8th. Stifel Nicolaus assumed 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. Seaport Global Securities assumed coverage on shares of Daseke in a report on Tuesday, March 6th. They issued a buy rating for the company. Finally, Buckingham Research assumed 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. Two analysts have rated the stock with a hold rating and six have given a buy rating to the company. Daseke currently has a consensus rating of Buy and an average target price of $14.10.
Daseke opened at $9.37 on Tuesday, Marketbeat Ratings reports. Daseke has a 52-week low of $8.16 and a 52-week high of $14.52. The company has a market cap of $539.68 million, a PE ratio of -15.62 and a beta of 0.81. The company has a quick ratio of 3.31, a current ratio of 3.31 and a debt-to-equity ratio of 1.54.
Daseke (NASDAQ:DSKE) last released its earnings results on Tuesday, May 8th. The company reported ($0.04) earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.08) by $0.04. Daseke had a net margin of 3.35% and a negative return on equity of 4.69%. The firm had revenue of $327.60 million during the quarter, compared to analyst estimates of $304.18 million. The firm’s revenue was up 104.2% compared to the same quarter last year. sell-side analysts predict that Daseke will post 0.02 EPS for the current year.
In other news, Director Kevin M. Charlton acquired 5,000 shares of the firm’s stock in a transaction that occurred on Friday, May 18th. The stock was bought at an average cost of $9.33 per share, for a total transaction of $46,650.00. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Over the last 90 days, insiders purchased 15,000 shares of company stock valued at $139,400. 28.58% of the stock is owned by company insiders.
A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. Schwab Charles Investment Management Inc. raised its stake in Daseke by 93.0% during the 4th quarter. Schwab Charles Investment Management Inc. now owns 137,320 shares of the company’s stock valued at $1,963,000 after buying an additional 66,176 shares during the last quarter. Mutual of America Capital Management LLC raised its stake in Daseke by 58.3% during the 4th quarter. Mutual of America Capital Management LLC now owns 324,191 shares of the company’s stock valued at $4,633,000 after buying an additional 119,428 shares during the last quarter. Malaga Cove Capital LLC raised its stake in Daseke by 16.7% during the 4th quarter. Malaga Cove Capital LLC now owns 144,303 shares of the company’s stock valued at $2,062,000 after buying an additional 20,611 shares during the last quarter. Boston Partners purchased a new stake in Daseke during the 4th quarter valued at $5,375,000. Finally, 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. Institutional investors own 41.87% of the company’s stock.
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.
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