Daseke, Inc. (NASDAQ:DSKE) Receives $10.17 Average Target Price from Analysts

Daseke, Inc. (NASDAQ:DSKE) has been given a consensus rating of “Hold” by the six brokerages that are covering the firm, Marketbeat.com reports. One equities research analyst has rated the stock with a sell rating, one has given a hold rating and three have issued a buy rating on the company. The average 12 month price objective among analysts that have covered the stock in the last year is $10.17.

Several equities analysts recently weighed in on the company. Zacks Investment Research downgraded Daseke from a “hold” rating to a “strong sell” rating in a research report on Tuesday, October 26th. Craig Hallum lifted their target price on Daseke from $10.00 to $12.00 and gave the company a “buy” rating in a research report on Tuesday, August 3rd.

Shares of DSKE stock traded up $0.03 on Thursday, reaching $10.54. The stock had a trading volume of 525,914 shares, compared to its average volume of 469,184. The stock has a market cap of $658.63 million, a P/E ratio of 14.05 and a beta of 2.10. Daseke has a 1 year low of $4.97 and a 1 year high of $10.71. The company has a debt-to-equity ratio of 5.18, a quick ratio of 1.64 and a current ratio of 1.64. The company has a 50 day simple moving average of $9.65 and a 200 day simple moving average of $8.35.

Daseke (NASDAQ:DSKE) last released its earnings results on Thursday, October 21st. The company reported $0.30 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.32 by ($0.02). Daseke had a net margin of 3.75% and a return on equity of 81.07%. During the same period in the previous year, the company earned $0.31 EPS. On average, equities research analysts anticipate that Daseke will post 0.72 earnings per share for the current fiscal year.

In other news, COO Rick Alan Williams sold 250,000 shares of the business’s stock in a transaction dated Tuesday, September 7th. The stock was 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 in the company, valued at $451,980.65. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. 31.20% of the stock is owned by insiders.

A number of hedge funds and other institutional investors have recently modified their holdings of DSKE. Rutabaga Capital Management LLC MA bought a new stake in Daseke during the second quarter worth approximately $3,277,000. Hillsdale Investment Management Inc. grew its stake in shares of Daseke by 2,411.5% during the third quarter. Hillsdale Investment Management Inc. now owns 467,723 shares of the company’s stock valued at $4,308,000 after buying an additional 449,100 shares during the last quarter. Millennium Management LLC grew its stake in shares of Daseke by 514.7% during the third quarter. Millennium Management LLC now owns 521,199 shares of the company’s stock valued at $4,800,000 after buying an additional 436,413 shares during the last quarter. Goldman Sachs Group Inc. grew its stake in shares of Daseke by 151.1% during the first quarter. Goldman Sachs Group Inc. now owns 534,886 shares of the company’s stock valued at $4,542,000 after buying an additional 321,904 shares during the last quarter. Finally, Morgan Stanley grew its stake in shares of Daseke by 356.8% during the third quarter. Morgan Stanley now owns 290,380 shares of the company’s stock valued at $2,674,000 after buying an additional 226,816 shares during the last quarter. 35.56% of the stock is currently owned by institutional investors.

Daseke Company Profile

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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