Daktronics (NASDAQ:DAKT) EVP Bradley Wiemann Sells 4,000 Shares

Daktronics, Inc. (NASDAQ:DAKT) EVP Bradley Wiemann sold 4,000 shares of the business’s stock in a transaction on Friday, July 17th. The shares were sold at an average price of $19.22, for a total transaction of $76,880.00. Following the sale, the executive vice president owned 125,946 shares in the company, valued at approximately $2,420,682.12. This trade represents a 3.08% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this link.

Daktronics Price Performance

Shares of DAKT opened at $19.73 on Wednesday. Daktronics, Inc. has a fifty-two week low of $15.59 and a fifty-two week high of $28.27. The firm’s 50-day simple moving average is $19.96 and its two-hundred day simple moving average is $21.17. The stock has a market cap of $952.56 million, a PE ratio of 21.68, a price-to-earnings-growth ratio of 0.65 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 (NASDAQ:DAKT) last released 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. Daktronics had a net margin of 5.41% and a return on equity of 17.62%. The firm had revenue of $208.61 million during the quarter, compared to analyst estimates of $205.27 million. During the same period last year, the business earned ($0.19) earnings per share. Analysts anticipate that Daktronics, Inc. will post 1.21 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several equities research analysts have commented on the company. Zacks Research raised Daktronics from a “strong sell” rating to a “hold” rating in a report on Monday, June 15th. Weiss Ratings upgraded Daktronics from a “hold (c)” rating to a “hold (c+)” rating in a report on Thursday, June 25th. Wall Street Zen lowered Daktronics from a “strong-buy” rating to a “buy” rating in a research report on Saturday, July 4th. Finally, Roth Capital upped their price target on shares of Daktronics from $26.00 to $29.00 and gave the stock a “buy” rating in a research note on Thursday, July 2nd. One research analyst has rated the stock with a Buy rating and two have given a Hold rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of $29.00.

Institutional Investors Weigh In On Daktronics

A number of large investors have recently added to or reduced their stakes in the stock. Quarry LP purchased a new stake in Daktronics during the 3rd quarter valued at $25,000. Cornerstone Planning Group LLC purchased a new position in shares of Daktronics in the 1st quarter worth $26,000. Caitong International Asset Management Co. Ltd grew its holdings in shares of Daktronics by 22,566.7% in the fourth quarter. Caitong International Asset Management Co. Ltd now owns 1,360 shares of the technology company’s stock worth $27,000 after acquiring an additional 1,354 shares during the period. Northwestern Mutual Wealth Management Co. grew its holdings in shares of Daktronics by 204.3% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 3,046 shares of the technology company’s stock worth $46,000 after acquiring an additional 2,045 shares during the period. Finally, Clearstead Advisors LLC purchased a new stake in Daktronics during the fourth quarter valued at $57,000. Institutional investors own 61.69% of the company’s stock.

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.