BidaskClub Lowers Daseke (DSKE) to Strong Sell

BidaskClub downgraded shares of Daseke (NASDAQ:DSKE) from a sell rating to a strong sell rating in a research report released on Tuesday.

Other analysts have also issued reports about the stock. Seaport Global Securities started coverage on shares of Daseke in a research note on Tuesday, March 6th. They issued a buy rating for the company. Stifel Nicolaus started coverage on shares of Daseke in a research note on Friday, April 6th. They issued a buy rating and a $12.00 price target for the company. Cowen reiterated a buy rating on shares of Daseke in a research note on Monday, February 26th. Buckingham Research started coverage on shares of Daseke in a research note on Friday, February 23rd. They issued a buy rating and a $14.00 price target for the company. Finally, Northland Securities reiterated a buy rating and issued a $17.50 price target on shares of Daseke in a research note on Monday, December 11th. One research analyst has rated the stock with a sell rating, one has issued a hold rating and six have given a buy rating to the company’s stock. Daseke has a consensus rating of Buy and a consensus target price of $14.10.

NASDAQ:DSKE opened at $8.99 on Tuesday. The company has a debt-to-equity ratio of 2.01, a current ratio of 2.47 and a quick ratio of 2.47. Daseke has a fifty-two week low of $8.76 and a fifty-two week high of $14.52.



Daseke (NASDAQ:DSKE) last released its quarterly earnings data on Friday, March 16th. The company reported ($0.13) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.18) by $0.05. The business had revenue of $257.23 million during the quarter, compared to analyst estimates of $253.61 million. Daseke had a net margin of 3.09% and a negative return on equity of 7.54%. analysts forecast that Daseke will post 0.06 EPS for the current year.

In other news, Director Kevin M. Charlton sold 80,000 shares of Daseke stock in a transaction that occurred on Tuesday, February 20th. The shares were sold at an average price of $9.99, for a total value of $799,200.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Insiders own 37.22% of the company’s stock.

Hedge funds have recently made changes to their positions in the company. MetLife Investment Advisors LLC bought a new stake in shares of Daseke in the fourth quarter worth approximately $169,000. Goldman Sachs Group Inc. bought a new stake in shares of Daseke in the fourth quarter worth approximately $223,000. Granite Springs Asset Management LLC bought a new stake in shares of Daseke in the fourth quarter worth approximately $236,000. Two Sigma Advisers LP bought a new stake in Daseke during the fourth quarter valued at approximately $316,000. Finally, California State Teachers Retirement System grew its position in Daseke by 16.9% during the fourth quarter. California State Teachers Retirement System now owns 38,008 shares of the company’s stock valued at $543,000 after buying an additional 5,483 shares during the period. Hedge funds and other institutional investors own 31.64% of the company’s stock.

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About Daseke

Daseke, Inc provides transportation and logistics solutions with a focus on flatbed and specialized freight in North America. It operates through Flatbed Solutions and Specialized Solutions segments. The company transports heavy haul freight, defense and commercial arms, ammunition and explosives, radioactive cargo and hazardous materials, and commercial sheet glass, as well as offers 10-wheel drive-away services.

Analyst Recommendations for Daseke (NASDAQ:DSKE)

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