Brokerages Set Daseke Inc (DSKE) PT at $14.00
Daseke Inc (NASDAQ:DSKE) has been given an average recommendation of “Hold” by the seven research firms that are currently covering the firm, MarketBeat Ratings reports. One analyst has rated the stock with a sell rating, two have assigned a hold rating and four have given a buy rating to the company. The average twelve-month price objective among brokerages that have covered the stock in the last year is $14.00.
Several analysts have commented on DSKE shares. BidaskClub downgraded Daseke from a “hold” rating to a “sell” rating in a research note on Tuesday, September 25th. Craig Hallum cut Daseke from a “buy” rating to a “hold” rating in a research report on Tuesday, November 6th.
DSKE opened at $3.96 on Friday. The company has a quick ratio of 1.81, a current ratio of 1.81 and a debt-to-equity ratio of 1.51. The company has a market cap of $264.26 million, a price-to-earnings ratio of -6.60 and a beta of 1.08. Daseke has a 52 week low of $3.13 and a 52 week high of $14.49.
In other Daseke news, Director Mark Sinclair bought 10,000 shares of the company’s stock in a transaction on Tuesday, December 4th. The shares were bought at an average price of $3.77 per share, for a total transaction of $37,700.00. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, CEO Don R. Daseke bought 76,000 shares of the company’s stock in a transaction on Thursday, December 13th. The shares were acquired at an average price of $3.39 per share, for a total transaction of $257,640.00. The disclosure for this purchase can be found here. Insiders have acquired a total of 91,000 shares of company stock worth $313,040 in the last quarter. 28.58% of the stock is currently owned by insiders.
Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Virtu Financial LLC acquired a new stake in shares of Daseke in the 3rd quarter worth approximately $127,000. Arcus Capital Partners LLC acquired a new stake in shares of Daseke in the 3rd quarter worth approximately $164,000. PEAK6 Investments LLC acquired a new stake in shares of Daseke in the 3rd quarter worth approximately $168,000. MetLife Investment Advisors LLC grew its holdings in shares of Daseke by 67.3% in the 2nd quarter. MetLife Investment Advisors LLC now owns 19,836 shares of the company’s stock worth $197,000 after acquiring an additional 7,978 shares during the period. Finally, BlueMountain Capital Management LLC acquired a new stake in shares of Daseke in the 3rd quarter worth approximately $220,000. Institutional investors and hedge funds own 36.15% of the company’s stock.
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.
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