Daseke Inc (NASDAQ:DSKE) was the target of some unusual options trading activity on Monday. Stock traders bought 1,060 call options on the stock. This is an increase of 668% compared to the average daily volume of 138 call options.
Large investors have recently modified their holdings of the stock. Kovack Advisors Inc. acquired a new position in Daseke in the 4th quarter worth approximately $39,000. Citigroup Inc. grew its stake in shares of Daseke by 17.6% during the 4th quarter. Citigroup Inc. now owns 15,753 shares of the company’s stock worth $58,000 after purchasing an additional 2,362 shares during the period. Virtu Financial LLC acquired a new stake in shares of Daseke during the 3rd quarter worth approximately $127,000. Freestone Capital Holdings LLC acquired a new stake in shares of Daseke during the 4th quarter worth approximately $65,000. Finally, Fisher Asset Management LLC acquired a new stake in shares of Daseke during the 4th quarter worth approximately $66,000. Institutional investors own 33.46% of the company’s stock.
DSKE has been the topic of several recent analyst reports. BidaskClub upgraded shares of Daseke from a “strong sell” rating to a “sell” rating in a report on Tuesday, January 22nd. Craig Hallum upgraded shares of Daseke from a “hold” rating to a “buy” rating in a report on Monday, March 11th. ValuEngine downgraded shares of Daseke from a “hold” rating to a “sell” rating in a report on Monday, March 11th. Finally, Seaport Global Securities restated a “buy” rating on shares of Daseke in a report on Friday, April 5th. Two analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. Daseke has an average rating of “Buy” and a consensus target price of $15.00.
DSKE opened at $5.23 on Wednesday. Daseke has a 52-week low of $3.13 and a 52-week high of $10.19. The company has a debt-to-equity ratio of 1.63, a quick ratio of 1.59 and a current ratio of 1.59. The stock has a market cap of $333.96 million, a PE ratio of 8.17 and a beta of 1.31.
Daseke (NASDAQ:DSKE) last issued its quarterly earnings results on Friday, March 8th. The company reported $0.05 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.33) by $0.38. Daseke had a negative net margin of 0.32% and a positive return on equity of 4.84%. The company had revenue of $447.00 million for the quarter, compared to the consensus estimate of $440.14 million. During the same quarter in the prior year, the company earned ($0.12) EPS. Daseke’s quarterly revenue was up 73.8% on a year-over-year basis. On average, analysts anticipate that Daseke will post -0.19 earnings per share for the current fiscal year.
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Daseke Company Profile
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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