Daktronics, Inc. (NASDAQ:DAKT – Get Free Report) EVP Bradley Wiemann sold 4,000 shares of the business’s stock in a transaction dated Friday, July 17th. The stock was sold at an average price of $19.22, for a total value of $76,880.00. Following the transaction, the executive vice president directly owned 125,946 shares of the company’s stock, valued at $2,420,682.12. The trade was a 3.08% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this hyperlink.
Daktronics Price Performance
DAKT traded down $0.03 on Tuesday, reaching $19.76. The company had a trading volume of 146,947 shares, compared to its average volume of 477,090. The business has a 50 day simple moving average of $19.94 and a 200 day simple moving average of $21.18. The company has a market cap of $953.92 million, a price-to-earnings ratio of 21.71, a P/E/G ratio of 0.64 and a beta of 1.67. The company has a debt-to-equity ratio of 0.18, a quick ratio of 1.74 and a current ratio of 2.31. Daktronics, Inc. has a 52-week low of $15.59 and a 52-week high of $28.27.
Daktronics (NASDAQ:DAKT – Get Free Report) last announced its earnings results on Wednesday, June 24th. The technology company reported $0.27 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.20 by $0.07. The business had revenue of $208.61 million during the quarter, compared to analyst estimates of $205.27 million. Daktronics had a net margin of 5.41% and a return on equity of 17.62%. During the same period in the previous year, the business posted ($0.19) earnings per share. As a group, sell-side analysts anticipate that Daktronics, Inc. will post 1.21 EPS for the current year.
Institutional Investors Weigh In On Daktronics
Wall Street Analyst Weigh In
Several research analysts recently issued reports on DAKT shares. Zacks Research upgraded shares of Daktronics from a “strong sell” rating to a “hold” rating in a research report on Monday, June 15th. Weiss Ratings raised Daktronics from a “hold (c)” rating to a “hold (c+)” rating in a research note on Thursday, June 25th. Wall Street Zen cut Daktronics from a “strong-buy” rating to a “buy” rating in a report on Saturday, July 4th. Finally, Roth Capital increased their price objective on Daktronics from $26.00 to $29.00 and gave the company a “buy” rating in a research report on Thursday, July 2nd. One analyst has rated the stock with a Buy rating and two have issued a Hold rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and an average price target of $29.00.
View Our Latest Stock Analysis on DAKT
About Daktronics
Daktronics, Inc (NASDAQ: DAKT) is a leading designer and manufacturer of electronic display systems, video boards, scoreboards and related control systems. Founded in 1968 in Brookings, South Dakota by Al Kurtenbach and Duane Sander, the company has built a reputation for delivering custom visual display solutions to a wide range of markets. Its product portfolio includes large-format LED video displays, programmable message centers, digital billboards, and audio-visual solutions tailored to sports venues, transportation authorities, retail environments and live event producers.
The company’s primary business activities encompass the engineering, fabrication and installation of display systems for customers around the world.
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