Daktronics (NASDAQ:DAKT) Rating Increased to Strong-Buy at Wall Street Zen

Wall Street Zen upgraded shares of Daktronics (NASDAQ:DAKT) from a buy rating to a strong-buy rating in a report published on Sunday morning.

Separately, Zacks Research cut Daktronics from a “hold” rating to a “strong sell” rating in a research note on Monday, May 4th. One research analyst has rated the stock with a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Reduce”.

Daktronics Stock Performance

Shares of DAKT opened at $20.53 on Friday. The firm has a market capitalization of $991.60 million, a price-to-earnings ratio of 37.33, a PEG ratio of 0.57 and a beta of 1.67. The company has a debt-to-equity ratio of 0.19, a current ratio of 2.22 and a quick ratio of 1.68. Daktronics has a 1-year low of $13.05 and a 1-year high of $28.27. The company has a 50-day moving average of $20.72 and a 200 day moving average of $20.81.

Daktronics (NASDAQ:DAKT) last issued its earnings results on Wednesday, March 4th. The technology company reported $0.09 EPS for the quarter, missing analysts’ consensus estimates of $0.18 by ($0.09). Daktronics had a return on equity of 16.55% and a net margin of 3.43%.The company had revenue of $181.87 million during the quarter, compared to the consensus estimate of $181.00 million. On average, research analysts expect that Daktronics will post 0.94 EPS for the current year.

Institutional Investors Weigh In On Daktronics

Several large investors have recently modified their holdings of the business. Versor Investments LP bought a new position in shares of Daktronics during the third quarter valued at approximately $808,000. SG Americas Securities LLC raised its stake in Daktronics by 366.7% in the third quarter. SG Americas Securities LLC now owns 97,923 shares of the technology company’s stock worth $2,049,000 after buying an additional 76,940 shares in the last quarter. Dynamic Technology Lab Private Ltd purchased a new stake in Daktronics during the third quarter worth $540,000. American Century Companies Inc. lifted its holdings in Daktronics by 2.8% during the third quarter. American Century Companies Inc. now owns 1,664,668 shares of the technology company’s stock worth $34,825,000 after buying an additional 44,731 shares during the period. Finally, Federated Hermes Inc. boosted its position in Daktronics by 38.8% during the 3rd quarter. Federated Hermes Inc. now owns 102,266 shares of the technology company’s stock valued at $2,139,000 after acquiring an additional 28,612 shares in the last quarter. Institutional investors own 61.69% of the company’s stock.

Daktronics Company Profile

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.