Daktronics Inc. (NASDAQ:DAKT) shot up 2.1% on Wednesday . The company traded as high as $6.91 and last traded at $6.90, with a volume of 253,974 shares trading hands. The stock had previously closed at $6.76.

A number of brokerages have recently weighed in on DAKT. Zacks Investment Research lowered shares of Daktronics from a “hold” rating to a “strong sell” rating in a research note on Monday, June 6th. Needham & Company LLC reaffirmed a “buy” rating and set a $8.00 target price (down previously from $9.00) on shares of Daktronics in a research note on Thursday, June 2nd. Griffin Securities lowered shares of Daktronics from a “buy” rating to a “neutral” rating in a research note on Wednesday, June 1st. Finally, Sidoti lowered shares of Daktronics from a “buy” rating to a “neutral” rating in a research note on Wednesday, June 1st. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and one has assigned a buy rating to the company. The stock presently has a consensus rating of “Hold” and a consensus price target of $8.00.

The company has a 50 day moving average of $6.59 and a 200-day moving average of $7.59. The firm has a market cap of $305.12 million and a price-to-earnings ratio of 147.23.

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

The firm also recently disclosed a quarterly dividend, which was paid on Friday, July 8th. Shareholders of record on Monday, June 27th were given a dividend of $0.06 per share. The ex-dividend date of this dividend was Thursday, June 23rd. This represents a $0.24 annualized dividend and a yield of 3.47%.

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

Several large investors have recently made changes to their positions in the stock. Dimensional Fund Advisors LP increased its stake in shares of 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 in the last quarter. Morgan Stanley increased its stake in shares of 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 in the last quarter. GSA Capital Partners LLP increased its stake in shares of 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 in the last quarter. State of Wisconsin Investment Board increased its stake in shares of 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 in the last quarter. Finally, First Trust Advisors LP increased its stake in shares of 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 in the last quarter.

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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