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.

Daktronics (NASDAQ:DAKT) last released its quarterly earnings data on Tuesday, November 21st. The technology company reported $0.16 earnings per share for the quarter, missing analysts’ consensus estimates of $0.17 by ($0.01). Daktronics had a net margin of 1.89% and a return on equity of 5.56%. The business had revenue of $169.30 million during the quarter, compared to the consensus estimate of $172.55 million. During the same period last year, the business posted $0.20 earnings per share. The firm’s quarterly revenue was down .4% on a year-over-year basis. equities analysts predict that Daktronics will post 0.36 EPS for the current fiscal year.

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.

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About Daktronics

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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