Craig Hallum lowered shares of Daseke (NASDAQ:DSKE) from a buy rating to a hold rating in a research note issued to investors on Tuesday, The Fly reports.
Several other research firms also recently weighed in on DSKE. BidaskClub upgraded shares of Daseke from a sell rating to a hold rating in a report on Thursday, August 2nd. Cowen restated a buy rating and set a $15.00 target price on shares of Daseke in a report on Friday, August 10th. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and five have issued a buy rating to the company’s stock. Daseke presently has a consensus rating of Buy and an average target price of $14.88.
NASDAQ:DSKE opened at $5.55 on Tuesday. The company has a quick ratio of 2.19, a current ratio of 2.19 and a debt-to-equity ratio of 1.43. Daseke has a twelve month low of $5.33 and a twelve month high of $14.52. The stock has a market cap of $391.18 million, a price-to-earnings ratio of -9.25 and a beta of 1.42.
Daseke (NASDAQ:DSKE) last posted its earnings results on Tuesday, November 6th. The company reported $0.01 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.04 by ($0.03). Daseke had a net margin of 4.32% and a return on equity of 1.78%. The business had revenue of $461.59 million for the quarter, compared to analysts’ expectations of $430.29 million. During the same quarter last year, the business posted ($0.03) earnings per share. The business’s revenue was up 99.5% compared to the same quarter last year. On average, research analysts forecast that Daseke will post 0.14 EPS for the current year.
Several hedge funds and other institutional investors have recently modified their holdings of DSKE. Millennium Management LLC purchased a new stake in shares of Daseke during the first quarter worth about $148,000. Los Angeles Capital Management & Equity Research Inc. purchased a new stake in shares of Daseke during the second quarter worth about $168,000. Cubist Systematic Strategies LLC purchased a new stake in shares of Daseke during the first quarter worth about $168,000. MetLife Investment Advisors LLC grew its holdings in shares of Daseke by 67.3% during the second quarter. MetLife Investment Advisors LLC now owns 19,836 shares of the company’s stock worth $197,000 after buying an additional 7,978 shares in the last quarter. Finally, The Manufacturers Life Insurance Company grew its holdings in shares of Daseke by 31.7% during the first quarter. The Manufacturers Life Insurance Company now owns 25,691 shares of the company’s stock worth $251,000 after buying an additional 6,189 shares in the last quarter. Institutional investors and hedge funds own 37.85% of the company’s stock.
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.
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