Sidoti assumed coverage on shares of Daktronics (NASDAQ:DAKT) in a research report report published on Wednesday morning. The brokerage issued a neutral rating and a $10.00 price objective on the technology company’s stock.

A number of other research firms have also issued reports on DAKT. BidaskClub lowered Daktronics from a sell rating to a strong sell rating in a report on Wednesday, December 6th. Zacks Investment Research lowered Daktronics from a hold rating to a sell rating in a report on Tuesday, December 5th. Finally, TheStreet raised Daktronics from a c+ rating to a b- rating in a report on Wednesday, September 27th. One investment 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 a consensus target price of $10.50.

Daktronics (DAKT) opened at $9.44 on Wednesday. The stock has a market capitalization of $422.06, a P/E ratio of 37.76 and a beta of 1.23. 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 has a twelve month low of $7.84 and a twelve month high of $10.86.

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

A number of hedge funds have recently made changes to their positions in DAKT. Schwab Charles Investment Management Inc. grew its holdings in Daktronics by 0.6% during the second quarter. Schwab Charles Investment Management Inc. now owns 148,989 shares of the technology company’s stock worth $1,435,000 after acquiring an additional 912 shares during the period. Legal & General Group Plc grew its holdings in Daktronics by 12.0% during the second quarter. Legal & General Group Plc now owns 74,472 shares of the technology company’s stock worth $718,000 after acquiring an additional 7,981 shares during the period. BNP Paribas Arbitrage SA grew its holdings in Daktronics by 44.5% during the second quarter. BNP Paribas Arbitrage SA now owns 13,417 shares of the technology company’s stock worth $129,000 after acquiring an additional 4,130 shares during the period. JPMorgan Chase & Co. grew its holdings in Daktronics by 16.0% during the second quarter. JPMorgan Chase & Co. now owns 60,845 shares of the technology company’s stock worth $586,000 after acquiring an additional 8,392 shares during the period. Finally, Wells Fargo & Company MN grew its holdings in Daktronics by 2.2% during the second quarter. Wells Fargo & Company MN now owns 28,495 shares of the technology company’s stock worth $275,000 after acquiring an additional 620 shares during the period. 53.75% of the stock is currently owned by hedge funds and other institutional investors.

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Daktronics Company Profile

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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