Farther Finance Advisors LLC Makes New $79,000 Investment in Daktronics, Inc. $DAKT

Farther Finance Advisors LLC bought a new position in Daktronics, Inc. (NASDAQ:DAKT) during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm bought 5,217 shares of the technology company’s stock, valued at approximately $79,000.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the business. SummerHaven Investment Management LLC lifted its stake in Daktronics by 1.6% in the first quarter. SummerHaven Investment Management LLC now owns 56,355 shares of the technology company’s stock worth $686,000 after acquiring an additional 876 shares during the period. Principal Financial Group Inc. raised its position in Daktronics by 4.0% in the 1st quarter. Principal Financial Group Inc. now owns 23,311 shares of the technology company’s stock worth $284,000 after buying an additional 898 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its position in Daktronics by 6.5% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 24,210 shares of the technology company’s stock worth $295,000 after buying an additional 1,476 shares during the last quarter. Wealth Enhancement Advisory Services LLC grew its stake in shares of Daktronics by 3.2% during the 2nd quarter. Wealth Enhancement Advisory Services LLC now owns 76,599 shares of the technology company’s stock valued at $1,158,000 after purchasing an additional 2,360 shares during the period. Finally, XTX Topco Ltd grew its stake in shares of Daktronics by 17.2% during the 1st quarter. XTX Topco Ltd now owns 17,469 shares of the technology company’s stock valued at $213,000 after purchasing an additional 2,566 shares during the period. Hedge funds and other institutional investors own 61.69% of the company’s stock.

Insider Buying and Selling at Daktronics

In other Daktronics news, Director John Patrick Friel sold 13,479 shares of the firm’s stock in a transaction that occurred on Monday, September 15th. The stock was sold at an average price of $23.58, for a total value of $317,834.82. Following the sale, the director directly owned 74,094 shares of the company’s stock, valued at approximately $1,747,136.52. This trade represents a 15.39% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, VP Carla S. Gatzke sold 9,944 shares of the firm’s stock in a transaction that occurred on Wednesday, September 17th. The shares were sold at an average price of $23.09, for a total value of $229,606.96. Following the completion of the sale, the vice president directly owned 721,036 shares in the company, valued at approximately $16,648,721.24. The trade was a 1.36% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 27,262 shares of company stock valued at $612,167. Company insiders own 5.30% of the company’s stock.

Analyst Ratings Changes

DAKT has been the subject of a number of recent research reports. Wall Street Zen upgraded Daktronics from a “buy” rating to a “strong-buy” rating in a research note on Sunday, September 14th. Zacks Research raised Daktronics from a “hold” rating to a “strong-buy” rating in a report on Thursday, September 11th. Finally, Weiss Ratings restated a “hold (c-)” rating on shares of Daktronics in a report on Saturday, September 27th. One analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating and one has issued a Hold rating to the company. According to data from MarketBeat, Daktronics has a consensus rating of “Buy” and an average price target of $26.00.

Daktronics Trading Down 0.9%

Shares of NASDAQ:DAKT opened at $19.92 on Friday. Daktronics, Inc. has a 52-week low of $10.24 and a 52-week high of $24.38. The stock has a market cap of $966.72 million, a price-to-earnings ratio of 33.20, a PEG ratio of 0.61 and a beta of 1.69. The company has a quick ratio of 1.54, a current ratio of 2.07 and a debt-to-equity ratio of 0.19. The business has a 50-day moving average price of $18.67 and a 200-day moving average price of $15.71.

Daktronics (NASDAQ:DAKT) last announced its quarterly earnings data on Wednesday, September 10th. The technology company reported $0.33 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.24 by $0.09. The firm had revenue of $218.97 million during the quarter, compared to analysts’ expectations of $196.90 million. Daktronics had a return on equity of 14.64% and a net margin of 1.51%. Equities analysts predict that Daktronics, Inc. will post 0.96 EPS for the current 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.