Daktronics, Inc. (NASDAQ:DAKT) Short Interest Update

Daktronics, Inc. (NASDAQ:DAKT) saw a large increase in short interest in October. As of October 15th, there was short interest totalling 2,850,000 shares, an increase of 6.3% from the September 30th total of 2,680,000 shares. Currently, 6.9% of the shares of the stock are sold short. Based on an average daily trading volume, of 473,700 shares, the short-interest ratio is currently 6.0 days.

Analyst Upgrades and Downgrades

DAKT has been the topic of several recent research reports. StockNews.com raised shares of Daktronics from a “hold” rating to a “buy” rating in a research report on Monday, October 14th. Singular Research upgraded shares of Daktronics to a “strong-buy” rating in a report on Monday, September 9th.

Insiders Place Their Bets

In related news, EVP Bradley T. Wiemann sold 25,000 shares of the stock in a transaction on Friday, September 27th. The stock was sold at an average price of $12.89, for a total value of $322,250.00. Following the completion of the transaction, the executive vice president now directly owns 85,446 shares of the company’s stock, valued at approximately $1,101,398.94. This represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. In related news, EVP Bradley T. Wiemann sold 25,000 shares of the company’s stock in a transaction dated Friday, September 27th. The shares were sold at an average price of $12.89, for a total transaction of $322,250.00. Following the completion of the sale, the executive vice president now owns 85,446 shares of the company’s stock, valued at approximately $1,101,398.94. This represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, VP Matthew John Kurtenbach sold 15,400 shares of the stock in a transaction dated Thursday, October 3rd. The shares were sold at an average price of $13.28, for a total transaction of $204,512.00. Following the completion of the sale, the vice president now owns 2,500 shares of the company’s stock, valued at approximately $33,200. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. 8.10% of the stock is owned by company insiders.

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the stock. Kovack Advisors Inc. raised its stake in shares of Daktronics by 22.8% in the 1st quarter. Kovack Advisors Inc. now owns 393,100 shares of the technology company’s stock valued at $3,915,000 after acquiring an additional 72,900 shares during the period. GSA Capital Partners LLP acquired a new stake in Daktronics in the 1st quarter valued at approximately $586,000. Principal Financial Group Inc. purchased a new stake in Daktronics in the first quarter valued at approximately $687,000. Vanguard Group Inc. lifted its stake in Daktronics by 1.8% during the first quarter. Vanguard Group Inc. now owns 2,338,484 shares of the technology company’s stock worth $23,291,000 after purchasing an additional 41,076 shares in the last quarter. Finally, Progeny 3 Inc. lifted its stake in Daktronics by 140.0% during the second quarter. Progeny 3 Inc. now owns 1,794,908 shares of the technology company’s stock worth $25,039,000 after purchasing an additional 1,047,156 shares in the last quarter. Hedge funds and other institutional investors own 61.69% of the company’s stock.

Daktronics Trading Down 0.3 %

DAKT traded down $0.04 during trading hours on Friday, reaching $12.99. The company’s stock had a trading volume of 332,819 shares, compared to its average volume of 503,246. The business’s 50-day moving average is $13.15 and its 200-day moving average is $12.59. The company has a debt-to-equity ratio of 0.48, a current ratio of 2.17 and a quick ratio of 1.48. The stock has a market cap of $601.96 million, a PE ratio of 162.38, a P/E/G ratio of 0.49 and a beta of 1.14. Daktronics has a fifty-two week low of $7.20 and a fifty-two week high of $15.97.

Daktronics (NASDAQ:DAKT) last announced its quarterly earnings results on Wednesday, September 4th. The technology company reported $0.36 EPS for the quarter, beating the consensus estimate of $0.30 by $0.06. The business had revenue of $226.09 million for the quarter, compared to analyst estimates of $216.84 million. Daktronics had a return on equity of 19.92% and a net margin of 1.29%. As a group, equities research analysts predict that Daktronics will post 0.89 earnings per share for the current fiscal year.

Daktronics Company Profile

Daktronics, Inc designs, manufactures, and sells electronic scoreboards, programmable display systems and large screen video displays for sporting, commercial, and transportation applications in the United States and internationally. It operates through Commercial, Live Events, High School Park and Recreation, Transportation, and International segments.