Daseke, Inc. (NASDAQ:DSKE) Given Average Rating of “Hold” by Brokerages

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.

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Bank of New York Mellon Corp increased its holdings in shares of Daseke by 0.7% during the 2nd quarter. Bank of New York Mellon Corp now owns 185,093 shares of the company’s stock worth $1,200,000 after buying an additional 1,205 shares during the last quarter. Royal Bank of Canada increased its holdings in shares of Daseke by 0.8% during the 1st quarter. Royal Bank of Canada now owns 303,095 shares of the company’s stock worth $2,574,000 after buying an additional 2,301 shares during the last quarter. Valmark Advisers Inc. increased its holdings in shares of Daseke by 3.1% during the 3rd quarter. Valmark Advisers Inc. now owns 97,346 shares of the company’s stock worth $897,000 after buying an additional 2,965 shares during the last quarter. O Shaughnessy Asset Management LLC increased its holdings in Daseke by 23.0% in the 3rd quarter. O Shaughnessy Asset Management LLC now owns 22,266 shares of the company’s stock valued at $205,000 after purchasing an additional 4,165 shares during the last quarter. Finally, Moors & Cabot Inc. increased its holdings in Daseke by 34.9% in the 2nd quarter. Moors & Cabot Inc. now owns 18,479 shares of the company’s stock valued at $120,000 after purchasing an additional 4,785 shares during the last quarter. 35.56% of the stock is currently owned by institutional investors and hedge funds.

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.

About Daseke

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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