Sheila Mae Anderson Sells 3,636 Shares of Daktronics (NASDAQ:DAKT) Stock

Daktronics, Inc. (NASDAQ:DAKT) insider Sheila Mae Anderson sold 3,636 shares of the company’s stock in a transaction dated Wednesday, July 1st. The shares were sold at an average price of $20.01, for a total transaction of $72,756.36. Following the sale, the insider owned 48,371 shares of the company’s stock, valued at approximately $967,903.71. The trade was a 6.99% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink.

Daktronics Price Performance

Shares of NASDAQ:DAKT opened at $19.91 on Friday. The stock’s 50-day moving average price is $19.94 and its 200-day moving average price is $21.10. Daktronics, Inc. has a 12-month low of $15.59 and a 12-month high of $28.27. The stock has a market capitalization of $961.25 million, a P/E ratio of 21.88, a price-to-earnings-growth ratio of 0.66 and a beta of 1.67. The company has a current ratio of 2.31, a quick ratio of 1.74 and a debt-to-equity ratio of 0.18.

Daktronics (NASDAQ:DAKT) last announced its quarterly earnings results on Wednesday, June 24th. The technology company reported $0.27 EPS for the quarter, topping analysts’ consensus estimates of $0.20 by $0.07. Daktronics had a return on equity of 17.62% and a net margin of 5.41%.The business had revenue of $208.61 million for the quarter, compared to analysts’ expectations of $205.27 million. During the same period in the previous year, the firm earned ($0.19) EPS. On average, equities analysts anticipate that Daktronics, Inc. will post 1.21 earnings per share for the current year.

Institutional Investors Weigh In On Daktronics

Several institutional investors and hedge funds have recently bought and sold shares of DAKT. Integrated Investment Consultants LLC bought a new stake in shares of Daktronics in the 1st quarter worth approximately $210,000. The Manufacturers Life Insurance Company raised its holdings in shares of Daktronics by 59.9% during the first quarter. The Manufacturers Life Insurance Company now owns 18,549 shares of the technology company’s stock valued at $363,000 after acquiring an additional 6,948 shares in the last quarter. Quantinno Capital Management LP bought a new position in shares of Daktronics during the first quarter valued at approximately $235,000. Lazard Asset Management LLC raised its holdings in shares of Daktronics by 282.7% during the first quarter. Lazard Asset Management LLC now owns 130,771 shares of the technology company’s stock valued at $2,557,000 after acquiring an additional 96,596 shares in the last quarter. Finally, Renaissance Technologies LLC lifted its stake in Daktronics by 13.1% in the first quarter. Renaissance Technologies LLC now owns 822,854 shares of the technology company’s stock worth $16,087,000 after acquiring an additional 95,393 shares during the period. Hedge funds and other institutional investors own 61.69% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages recently commented on DAKT. Roth Mkm lifted their target price on shares of Daktronics from $26.00 to $29.00 and gave the stock a “buy” rating in a research note on Thursday. Wall Street Zen cut shares of Daktronics from a “strong-buy” rating to a “buy” rating in a research report on Saturday. Weiss Ratings raised shares of Daktronics from a “hold (c)” rating to a “hold (c+)” rating in a report on Thursday, June 25th. Finally, Zacks Research upgraded shares of Daktronics from a “strong sell” rating to a “hold” rating in a research report on Monday, June 15th. One investment analyst has rated the stock with a Buy rating and two have assigned a Hold rating to the company. According to data from MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $29.00.

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.