Daktronics (NASDAQ:DAKT) Stock Crosses Below 200-Day Moving Average – Here’s Why

Posted by Stanley Muller on Oct 30th, 2026

Daktronics, Inc. (NASDAQ:DAKT – Get Free Report) crossed below its two hundred day moving average during trading on Wednesday. The stock has a two hundred day moving average of $20.47 and traded as low as $19.64. Daktronics shares last traded at $19.79, with a volume of 640,923 shares changing hands.

Wall Street Analysts Forecast Growth

Several equities analysts recently weighed in on DAKT shares. Zacks Research raised shares of Daktronics from a “hold” rating to a “strong-buy” rating in a research report on Monday, October 5th. Craig Hallum reiterated a “buy” rating and issued a $33.00 target price on shares of Daktronics in a research note on Thursday, September 3rd. Wall Street Zen raised shares of Daktronics from a “hold” rating to a “buy” rating in a research report on Saturday, September 26th. Weiss Ratings restated a “hold (c+)” rating on shares of Daktronics in a research note on Tuesday, September 22nd. Finally, Roth Capital raised their price target on shares of Daktronics from $26.00 to $29.00 and gave the company a “buy” rating in a report on Thursday, July 2nd. One research analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating and one has given a Hold rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Buy” and a consensus target price of $31.00.

View Our Latest Stock Report on Daktronics

Daktronics Trading Down 4.7%

The firm has a market capitalization of $907.03 million, a price-to-earnings ratio of 19.24, a P/E/G ratio of 0.63 and a beta of 1.68. The business has a 50-day moving average of $18.57 and a two-hundred day moving average of $20.45. The company has a quick ratio of 1.66, a current ratio of 2.17 and a debt-to-equity ratio of 0.17.

Daktronics (NASDAQ:DAKT – Get Free Report) last issued its earnings results on Wednesday, September 2nd. The technology company reported $0.40 EPS for the quarter, beating analysts’ consensus estimates of $0.35 by $0.05. Daktronics had a return on equity of 18.05% and a net margin of 5.66%. The business had revenue of $234.57 million during the quarter, compared to analyst estimates of $230.27 million. During the same period in the prior year, the company posted $0.33 earnings per share. Research analysts predict that Daktronics, Inc. will post 1.27 EPS for the current fiscal year.

Institutional Trading of Daktronics

Several institutional investors have recently made changes to their positions in DAKT. BlackRock Inc. acquired a new stake in shares of Daktronics in the 2nd quarter valued at $68,158,000. Bank of New York Mellon Corp bought a new stake in shares of Daktronics in the 2nd quarter worth about $17,992,000. Renaissance Technologies LLC increased its position in shares of Daktronics by 13.1% during the 1st quarter. Renaissance Technologies LLC now owns 822,854 shares of the technology company’s stock worth $16,087,000 after purchasing an additional 95,393 shares in the last quarter. Hillsdale Investment Management Inc. boosted its position in Daktronics by 161.2% in the first quarter. Hillsdale Investment Management Inc. now owns 392,089 shares of the technology company’s stock valued at $7,665,000 after buying an additional 241,969 shares in the last quarter. Finally, Lazard Asset Management LLC grew its stake in Daktronics by 282.7% during the first quarter. Lazard Asset Management LLC now owns 130,771 shares of the technology company’s stock worth $2,557,000 after buying an additional 96,596 shares during the last quarter. 61.69% of the stock is currently owned by institutional investors and hedge funds.

Daktronics Company Profile

(Get Free Report)

Daktronics, Inc designs and manufactures electronic display and audiovisual communication systems. Its products include large-format LED video displays, digital scoreboards, message centers, programmable display systems, control systems and related software. The company also provides installation, maintenance, content management and other support services for its display solutions.

Its products are used in sports venues, schools and universities, commercial properties, retail locations, transportation facilities and public spaces.