Shares of Daseke, Inc. (NASDAQ:DSKE) have been assigned an average recommendation of “Hold” from the six ratings firms that are presently covering the company, Marketbeat Ratings reports. One equities research analyst has rated the stock with a sell rating, one has issued a hold rating and three have issued a buy rating on the company. The average 12 month price target among brokerages that have covered the stock in the last year is $10.17.
DSKE has been the topic of several recent analyst reports. Zacks Investment Research lowered shares of Daseke from a “hold” rating to a “strong sell” rating in a research note on Tuesday, October 26th. Craig Hallum increased their target price on shares of Daseke from $10.00 to $12.00 and gave the stock a “buy” rating in a research note on Tuesday, August 3rd.
In related news, COO Rick Alan Williams sold 250,000 shares of the firm’s stock in a transaction dated Tuesday, September 7th. The shares were sold at an average price of $9.13, for a total value of $2,282,500.00. Following the transaction, the chief operating officer now directly owns 49,505 shares of the company’s stock, valued at approximately $451,980.65. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Company insiders own 31.20% of the company’s stock.
DSKE traded up $0.03 during midday trading on Thursday, hitting $10.54. 525,914 shares of the company were exchanged, compared to its average volume of 469,184. The company’s 50 day simple moving average is $9.65 and its 200 day simple moving average is $8.35. The firm has a market capitalization of $658.63 million, a price-to-earnings ratio of 14.05 and a beta of 2.10. The company has a current ratio of 1.64, a quick ratio of 1.64 and a debt-to-equity ratio of 5.18. Daseke has a 1-year low of $4.97 and a 1-year high of $10.71.
Daseke (NASDAQ:DSKE) last posted its earnings results on Thursday, October 21st. The company reported $0.30 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.32 by ($0.02). Daseke had a return on equity of 81.07% and a net margin of 3.75%. During the same quarter in the previous year, the business earned $0.31 EPS. On average, equities analysts anticipate that Daseke will post 0.72 EPS for the current year.
Daseke, Inc engages in the provision of transportation and logistics solutions. It operates through the Flatbed Solutions and Specialized Solutions segments. The Flatbed Solutions segment delivers its services through flatbed and retractable-sided transportation equipment to meet the needs of high-volume and time-sensitive shippers.
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