Zacks Investment Research upgraded shares of Daseke (NASDAQ:DSKE) from a strong sell rating to a hold rating in a research note released on Friday morning, Zacks.com reports.

According to Zacks, “Daseke, Inc. operates as a transportation company. It provides fleet management, logistics, trucking and open deck transportation services. Daseke, Inc., formerly known as Hennessy Capital Acquisition Corp. II, is based in Addison, United States. “

Other equities analysts have also issued reports about the stock. Craig Hallum lowered shares of Daseke from a buy rating to a hold rating in a research note on Monday, August 5th. ValuEngine downgraded Daseke from a buy rating to a hold rating in a report on Thursday, November 14th. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and three have issued a buy rating to the company. The company presently has an average rating of Hold and an average target price of $7.50.

NASDAQ:DSKE traded down $0.02 on Friday, reaching $2.74. 5,186 shares of the company’s stock were exchanged, compared to its average volume of 169,727. The company has a quick ratio of 1.39, a current ratio of 1.39 and a debt-to-equity ratio of 6.92. The firm has a market capitalization of $202.49 million, a price-to-earnings ratio of 4.28 and a beta of 1.46. The business has a fifty day moving average of $2.83 and a 200-day moving average of $3.33. Daseke has a 52-week low of $1.46 and a 52-week high of $5.65.

Daseke (NASDAQ:DSKE) last released its earnings results on Tuesday, November 12th. The company reported ($4.14) earnings per share for the quarter, missing the Zacks’ consensus estimate of ($0.17) by ($3.97). Daseke had a positive return on equity of 10.65% and a negative net margin of 17.35%. The firm had revenue of $450.40 million for the quarter, compared to analysts’ expectations of $433.86 million. During the same quarter in the previous year, the company posted $0.01 earnings per share. The firm’s quarterly revenue was down 2.4% on a year-over-year basis. As a group, equities analysts anticipate that Daseke will post -3.44 earnings per share for the current year.

In other news, Director Ena Williams acquired 22,000 shares of the firm’s stock in a transaction dated Friday, September 13th. The stock was acquired at an average cost of $3.36 per share, with a total value of $73,920.00. 29.71% of the stock is currently owned by corporate insiders.

Several hedge funds have recently bought and sold shares of the company. Wittenberg Investment Management Inc. boosted its holdings in shares of Daseke by 0.7% in the second quarter. Wittenberg Investment Management Inc. now owns 688,470 shares of the company’s stock valued at $2,478,000 after acquiring an additional 4,800 shares during the period. Freestone Capital Holdings LLC lifted its holdings in shares of Daseke by 28.1% during the second quarter. Freestone Capital Holdings LLC now owns 22,770 shares of the company’s stock worth $82,000 after purchasing an additional 5,000 shares during the period. Public Employees Retirement System of Ohio lifted its holdings in shares of Daseke by 101.8% during the second quarter. Public Employees Retirement System of Ohio now owns 11,579 shares of the company’s stock worth $42,000 after purchasing an additional 5,842 shares during the period. Rhumbline Advisers lifted its holdings in shares of Daseke by 11.0% during the third quarter. Rhumbline Advisers now owns 71,191 shares of the company’s stock worth $178,000 after purchasing an additional 7,071 shares during the period. Finally, Zazove Associates LLC lifted its holdings in shares of Daseke by 7.4% during the third quarter. Zazove Associates LLC now owns 121,799 shares of the company’s stock worth $304,000 after purchasing an additional 8,374 shares during the period. 29.51% of the stock is owned by institutional investors and hedge funds.

Daseke Company Profile

Daseke, Inc provides transportation and logistics solutions with a focus on flatbed and specialized freight in North America. It operates through two segments, Flatbed Solutions and Specialized Solutions. The company transports aircraft parts, manufacturing equipment, structural steel, pressure vessels, wind turbine blades, heavy machinery, commercial glass, high security cargo, arms, ammunition and explosives, lumber, and building and construction materials.

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