Daktronics (NASDAQ:DAKT) Upgraded at StockNews.com

StockNews.com upgraded shares of Daktronics (NASDAQ:DAKT) from a hold rating to a buy rating in a research report sent to investors on Monday.

Separately, Singular Research raised shares of Daktronics to a “strong-buy” rating in a report on Monday, September 9th.

Daktronics Price Performance

Shares of NASDAQ:DAKT opened at $13.62 on Monday. Daktronics has a 1 year low of $7.20 and a 1 year high of $15.97. The company has a market capitalization of $630.55 million, a PE ratio of 22.33, a price-to-earnings-growth ratio of 0.47 and a beta of 1.14. The business has a fifty day moving average price of $13.51 and a two-hundred day moving average price of $12.35. The company has a debt-to-equity ratio of 0.48, a current ratio of 2.17 and a quick ratio of 1.48.

Daktronics (NASDAQ:DAKT) last posted its quarterly earnings data on Wednesday, September 4th. The technology company reported $0.36 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.30 by $0.06. The business had revenue of $226.09 million during the quarter, compared to the consensus estimate of $216.84 million. Daktronics had a net margin of 1.29% and a return on equity of 19.92%. Analysts forecast that Daktronics will post 0.89 earnings per share for the current year.

Insider Transactions at Daktronics

In related news, VP Matthew John Kurtenbach sold 15,400 shares of the business’s stock in a transaction dated Thursday, October 3rd. The stock was sold at an average price of $13.28, for a total value of $204,512.00. Following the sale, the vice president now directly owns 2,500 shares in the company, valued at approximately $33,200. The trade was a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. In other Daktronics news, EVP Bradley T. Wiemann sold 25,000 shares of the stock in a transaction on Friday, September 27th. The stock was sold at an average price of $12.89, for a total transaction of $322,250.00. Following the sale, the executive vice president now owns 85,446 shares in the company, valued at $1,101,398.94. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, VP Matthew John Kurtenbach sold 15,400 shares of Daktronics stock in a transaction on Thursday, October 3rd. The shares were sold at an average price of $13.28, for a total value of $204,512.00. Following the completion of the transaction, the vice president now owns 2,500 shares of the company’s stock, valued at approximately $33,200. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 45,872 shares of company stock worth $608,838. 8.30% of the stock is owned by company insiders.

Institutional Trading of Daktronics

A number of institutional investors have recently added to or reduced their stakes in the stock. Kovack Advisors Inc. increased its position in shares of Daktronics by 22.8% during the first quarter. Kovack Advisors Inc. now owns 393,100 shares of the technology company’s stock valued at $3,915,000 after buying an additional 72,900 shares during the period. GSA Capital Partners LLP purchased a new stake in Daktronics in the 1st quarter worth approximately $586,000. Wealth Enhancement Advisory Services LLC purchased a new stake in Daktronics in the 1st quarter worth approximately $7,482,000. First Bank & Trust boosted its holdings in Daktronics by 29.5% in the 1st quarter. First Bank & Trust now owns 997,216 shares of the technology company’s stock valued at $9,932,000 after purchasing an additional 227,108 shares during the period. Finally, Principal Financial Group Inc. purchased a new position in shares of Daktronics during the 1st quarter valued at $687,000. Hedge funds and other institutional investors own 61.69% of the company’s stock.

About Daktronics

Daktronics, Inc designs, manufactures, and sells electronic scoreboards, programmable display systems and large screen video displays for sporting, commercial, and transportation applications in the United States and internationally. It operates through Commercial, Live Events, High School Park and Recreation, Transportation, and International segments.