Daseke Inc (NASDAQ:DSKE) Receives Average Rating of “Hold” from Brokerages

Shares of Daseke Inc (NASDAQ:DSKE) have received a consensus rating of “Hold” from the seven research firms that are presently covering the company, MarketBeat.com reports. One equities research analyst has rated the stock with a sell recommendation, three have given a hold recommendation and three have assigned a buy recommendation to the company. The average 1-year price objective among analysts that have covered the stock in the last year is $7.50.

Several brokerages recently issued reports on DSKE. Zacks Investment Research raised shares of Daseke from a “strong sell” rating to a “hold” rating in a report on Friday, November 15th. ValuEngine lowered shares of Daseke from a “buy” rating to a “hold” rating in a report on Thursday, November 14th.

In related news, Director Ena Williams purchased 22,000 shares of Daseke stock in a transaction that occurred on Friday, September 13th. The stock was bought at an average cost of $3.36 per share, for a total transaction of $73,920.00. 29.71% of the stock is owned by company insiders.

A number of large investors have recently made changes to their positions in DSKE. Bluefin Trading LLC acquired a new stake in shares of Daseke during the 3rd quarter worth approximately $33,000. Tower Research Capital LLC TRC boosted its holdings in Daseke by 611.5% during the third quarter. Tower Research Capital LLC TRC now owns 13,269 shares of the company’s stock worth $33,000 after buying an additional 11,404 shares in the last quarter. Public Employees Retirement System of Ohio boosted its holdings in Daseke by 101.8% during the second quarter. Public Employees Retirement System of Ohio now owns 11,579 shares of the company’s stock worth $42,000 after buying an additional 5,842 shares in the last quarter. Sunbelt Securities Inc. acquired a new stake in Daseke during the third quarter valued at $49,000. Finally, Arcus Capital Partners LLC acquired a new stake in Daseke during the third quarter valued at $51,000. 27.93% of the stock is owned by institutional investors.

DSKE traded up $0.13 during trading on Monday, reaching $2.80. 255,667 shares of the company’s stock were exchanged, compared to its average volume of 297,562. Daseke has a 1 year low of $1.46 and a 1 year high of $5.65. The company has a debt-to-equity ratio of 6.92, a current ratio of 1.39 and a quick ratio of 1.39. The stock has a market capitalization of $180.85 million, a P/E ratio of 4.38 and a beta of 1.49. The company’s fifty day simple moving average is $2.90 and its 200-day simple moving average is $3.10.

Daseke (NASDAQ:DSKE) last announced its quarterly earnings data on Tuesday, November 12th. The company reported ($4.14) EPS for the quarter, missing the consensus estimate of ($0.17) by ($3.97). The business had revenue of $450.40 million for the quarter, compared to analyst estimates of $433.86 million. Daseke had a negative net margin of 17.35% and a positive return on equity of 10.65%. The business’s revenue was down 2.4% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.01 earnings per share. Equities analysts forecast that Daseke will post -4.82 EPS for the current year.

About Daseke

Daseke, Inc provides transportation and logistics solutions with a focus on flatbed and specialized freight in North America. It operates through two segments, Flatbed Solutions and Specialized Solutions. The company transports aircraft parts, manufacturing equipment, structural steel, pressure vessels, wind turbine blades, heavy machinery, commercial glass, high security cargo, arms, ammunition and explosives, lumber, and building and construction materials.

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