Daktronics (NASDAQ:DAKT) Rating Increased to Strong-Buy at Singular Research

Singular Research upgraded shares of Daktronics (NASDAQ:DAKT) to a strong-buy rating in a report issued on Monday, Zacks.com reports. Singular Research also issued estimates for Daktronics’ Q2 2025 earnings at $0.14 EPS, Q3 2025 earnings at $0.08 EPS, Q4 2025 earnings at $0.18 EPS and FY2025 earnings at $0.76 EPS.

Separately, StockNews.com raised shares of Daktronics from a hold rating to a buy rating in a research note on Thursday, September 5th.

Daktronics Trading Up 1.1 %

Shares of Daktronics stock opened at $12.32 on Monday. The firm has a 50-day simple moving average of $14.17 and a two-hundred day simple moving average of $11.71. The company has a debt-to-equity ratio of 0.48, a quick ratio of 1.48 and a current ratio of 2.17. Daktronics has a fifty-two week low of $7.20 and a fifty-two week high of $15.97. The company has a market cap of $570.37 million, a P/E ratio of 20.20, a price-to-earnings-growth ratio of 0.35 and a beta of 1.14.

Daktronics (NASDAQ:DAKT) last released its quarterly earnings results on Wednesday, June 26th. The technology company reported $0.27 earnings per share for the quarter, topping analysts’ consensus estimates of $0.14 by $0.13. Daktronics had a return on equity of 19.92% and a net margin of 1.29%. The company had revenue of $215.88 million during the quarter, compared to analysts’ expectations of $179.28 million. As a group, equities analysts predict that Daktronics will post 1.13 earnings per share for the current fiscal year.

Insider Activity

In related news, CEO Reece A. Kurtenbach sold 15,000 shares of Daktronics stock in a transaction that occurred on Monday, July 1st. The stock was sold at an average price of $13.87, for a total transaction of $208,050.00. Following the transaction, the chief executive officer now owns 457,963 shares in the company, valued at $6,351,946.81. The sale was disclosed in a document filed with the SEC, which is accessible through this link. In other Daktronics news, VP Matthew John Kurtenbach sold 8,874 shares of the business’s stock in a transaction dated Thursday, July 11th. The shares were sold at an average price of $13.90, for a total value of $123,348.60. Following the transaction, the vice president now directly owns 208,906 shares in the company, valued at approximately $2,903,793.40. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Reece A. Kurtenbach sold 15,000 shares of the firm’s stock in a transaction that occurred on Monday, July 1st. The stock was sold at an average price of $13.87, for a total transaction of $208,050.00. Following the sale, the chief executive officer now owns 457,963 shares of the company’s stock, valued at approximately $6,351,946.81. The disclosure for this sale can be found here. Insiders sold 48,811 shares of company stock worth $692,532 over the last ninety days. Corporate insiders own 8.30% of the company’s stock.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in DAKT. Northwestern Mutual Wealth Management Co. raised its position in Daktronics by 92.3% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 2,309 shares of the technology company’s stock valued at $32,000 after purchasing an additional 1,108 shares during the period. New York State Teachers Retirement System purchased a new stake in Daktronics in the 1st quarter valued at about $34,000. CWM LLC lifted its position in Daktronics by 31.4% in the second quarter. CWM LLC now owns 3,646 shares of the technology company’s stock valued at $51,000 after buying an additional 872 shares during the last quarter. Hexagon Capital Partners LLC lifted its position in Daktronics by 150.0% in the second quarter. Hexagon Capital Partners LLC now owns 4,000 shares of the technology company’s stock valued at $56,000 after buying an additional 2,400 shares during the last quarter. Finally, Clear Street Markets LLC purchased a new position in Daktronics during the fourth quarter worth about $101,000. 61.69% of the stock is currently owned by hedge funds and other institutional investors.

Daktronics Company Profile

Daktronics, Inc designs, manufactures, and markets electronic display systems and related products 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.