Daktronics Inc. (NASDAQ:DAKT) shares saw unusually-high trading volume on Friday . Approximately 357,068 shares changed hands during trading, a decline of 17% from the previous session’s volume of 432,652 shares.The stock last traded at $6.53 and had previously closed at $6.44.

DAKT has been the subject of several research reports. Zacks Investment Research upgraded Daktronics from a “sell” rating to a “hold” rating in a research report on Tuesday, May 3rd. Sidoti downgraded Daktronics from a “buy” rating to a “neutral” rating in a research report on Wednesday, June 1st. Griffin Securities downgraded Daktronics from a “buy” rating to a “neutral” rating in a research report on Wednesday, June 1st. Finally, Needham & Company LLC reiterated a “buy” rating and issued a $8.00 price target (down from $9.00) on shares of Daktronics in a report on Thursday, June 2nd. One investment analyst has rated the stock with a sell rating, three have given a hold rating and one has assigned a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and a consensus price target of $8.00.

The firm’s 50-day moving average is $6.64 and its 200 day moving average is $7.63. The firm has a market capitalization of $287.93 million and a P/E ratio of 138.94.

Daktronics (NASDAQ:DAKT) last announced its quarterly earnings results on Wednesday, June 1st. The company reported ($0.07) EPS for the quarter, missing the consensus estimate of $0.08 by $0.15. The business had revenue of $138.50 million for the quarter. During the same period last year, the company earned $0.09 EPS. The firm’s revenue for the quarter was down 12.4% compared to the same quarter last year. Analysts anticipate that Daktronics Inc. will post $0.15 earnings per share for the current fiscal year.

The company also recently declared a quarterly dividend, which was paid on Friday, July 8th. Shareholders of record on Monday, June 27th were paid a $0.06 dividend. The ex-dividend date was Thursday, June 23rd. This represents a $0.24 annualized dividend and a dividend yield of 3.68%.

In related news, Director Kevin Patrick Mcdermott acquired 3,900 shares of the firm’s stock in a transaction dated Thursday, June 23rd. The stock was acquired at an average cost of $6.48 per share, for a total transaction of $25,272.00. Following the completion of the acquisition, the director now directly owns 11,121 shares of the company’s stock, valued at approximately $72,064.08. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, CEO Reece A. Kurtenbach acquired 10,000 shares of the firm’s stock in a transaction dated Tuesday, June 28th. The stock was bought at an average price of $6.20 per share, with a total value of $62,000.00. Following the completion of the acquisition, the chief executive officer now directly owns 258,958 shares of the company’s stock, valued at $1,605,539.60. The disclosure for this purchase can be found here.

Several hedge funds and institutional investors recently bought and sold shares of the stock. Dimensional Fund Advisors LP boosted its position in Daktronics by 6.0% in the fourth quarter. Dimensional Fund Advisors LP now owns 1,647,440 shares of the company’s stock valued at $14,366,000 after buying an additional 92,769 shares during the period. State of Wisconsin Investment Board boosted its position in Daktronics by 0.9% in the fourth quarter. State of Wisconsin Investment Board now owns 516,362 shares of the company’s stock valued at $4,503,000 after buying an additional 4,586 shares during the period. GSA Capital Partners LLP boosted its position in Daktronics by 31.4% in the fourth quarter. GSA Capital Partners LLP now owns 154,900 shares of the company’s stock valued at $1,351,000 after buying an additional 36,996 shares during the period. Morgan Stanley boosted its position in Daktronics by 1.6% in the fourth quarter. Morgan Stanley now owns 142,236 shares of the company’s stock valued at $1,240,000 after buying an additional 2,204 shares during the period. Finally, First Trust Advisors LP boosted its position in Daktronics by 6.7% in the fourth quarter. First Trust Advisors LP now owns 137,241 shares of the company’s stock valued at $1,197,000 after buying an additional 8,674 shares during the period.

Daktronics Inc (Daktronics) is a supplier of electronic scoreboards, large electronic display systems, digital messaging solutions, software and services for sporting, commercial and transportation applications. The Company operates in five segments: Commercial, Live Events, High School Park and Recreation, Transportation and International.

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