Daktronics (DAKT) Lifted to Sell at BidaskClub
BidaskClub upgraded shares of Daktronics (NASDAQ:DAKT) from a strong sell rating to a sell rating in a research note released on Monday morning.
A number of other research analysts have also weighed in on DAKT. Zacks Investment Research lowered shares of Daktronics from a strong-buy rating to a hold rating in a research note on Tuesday, October 24th. Sidoti initiated coverage on shares of Daktronics in a research note on Wednesday, January 24th. They issued a neutral rating and a $10.00 price objective on the stock. One research analyst has rated the stock with a sell rating, two have given a hold rating and one has issued a buy rating to the company’s stock. Daktronics has an average rating of Hold and an average price target of $10.50.
Shares of Daktronics (NASDAQ:DAKT) opened at $9.15 on Monday. Daktronics has a twelve month low of $7.84 and a twelve month high of $10.86. The company has a market cap of $413.61, a price-to-earnings ratio of 37.20 and a beta of 1.17. The company has a quick ratio of 1.53, a current ratio of 2.04 and a debt-to-equity ratio of 0.07.
Several institutional investors have recently added to or reduced their stakes in DAKT. Dimensional Fund Advisors LP lifted its stake in shares of Daktronics by 6.5% in the second quarter. Dimensional Fund Advisors LP now owns 2,589,435 shares of the technology company’s stock valued at $24,936,000 after buying an additional 158,102 shares in the last quarter. Vanguard Group Inc. lifted its stake in shares of Daktronics by 5.8% in the second quarter. Vanguard Group Inc. now owns 2,179,448 shares of the technology company’s stock valued at $20,988,000 after buying an additional 119,913 shares in the last quarter. American Century Companies Inc. lifted its stake in shares of Daktronics by 124.9% in the third quarter. American Century Companies Inc. now owns 144,739 shares of the technology company’s stock valued at $1,530,000 after buying an additional 80,370 shares in the last quarter. Algert Global LLC bought a new position in shares of Daktronics in the third quarter valued at $805,000. Finally, Systematic Financial Management LP lifted its stake in shares of Daktronics by 43.5% in the third quarter. Systematic Financial Management LP now owns 224,192 shares of the technology company’s stock valued at $2,370,000 after buying an additional 67,942 shares in the last quarter. 53.50% of the stock is currently owned by hedge funds and other institutional investors.
Daktronics, Inc is a supplier of electronic scoreboards, electronic display systems, digital messaging solutions, software and services for sporting, commercial and transportation applications. The Company operates through five segments: Commercial, Live Events, High School Park and Recreation, Transportation, and International.
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