Daseke (DSKE) Cut to “Hold” at Craig Hallum

Craig Hallum downgraded shares of Daseke (NASDAQ:DSKE) from a buy rating to a hold rating in a research report sent to investors on Tuesday, The Fly reports.

Several other analysts have also issued reports on DSKE. BidaskClub lowered Daseke from a buy rating to a hold rating in a report on Friday, July 13th. Cowen reissued a buy rating and set a $13.00 price target on shares of Daseke in a research report on Friday, August 3rd. One research analyst has rated the stock with a sell rating, two have given a hold rating and five have issued a buy rating to the company’s stock. Daseke has an average rating of Buy and a consensus price target of $14.88.

DSKE traded down $0.22 on Tuesday, hitting $5.51. 408,184 shares of the company were exchanged, compared to its average volume of 418,708. Daseke has a 12 month low of $5.17 and a 12 month high of $14.52. The firm has a market capitalization of $343.22 million, a PE ratio of -9.18 and a beta of 1.42. The company has a debt-to-equity ratio of 1.51, a quick ratio of 2.19 and a current ratio of 1.81.

Daseke (NASDAQ:DSKE) last released its earnings results on Tuesday, November 6th. The company reported $0.01 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.04 by ($0.03). Daseke had a return on equity of 2.25% and a net margin of 3.77%. The company had revenue of $461.59 million for the quarter, compared to the consensus estimate of $430.29 million. During the same quarter in the previous year, the company posted ($0.03) EPS. The business’s revenue was up 99.5% on a year-over-year basis. On average, research analysts forecast that Daseke will post 0.12 earnings per share for the current year.

Several hedge funds have recently modified their holdings of DSKE. BlackRock Inc. increased its stake in shares of Daseke by 76.8% during the 1st quarter. BlackRock Inc. now owns 2,233,445 shares of the company’s stock worth $21,866,000 after purchasing an additional 970,196 shares during the last quarter. Millennium Management LLC grew its stake in Daseke by 3,891.3% in the 2nd quarter. Millennium Management LLC now owns 604,996 shares of the company’s stock valued at $6,008,000 after buying an additional 589,838 shares in the last quarter. US Bancorp DE grew its stake in Daseke by 8,242.7% in the 2nd quarter. US Bancorp DE now owns 506,901 shares of the company’s stock valued at $5,034,000 after buying an additional 500,825 shares in the last quarter. Boston Partners grew its stake in Daseke by 649.0% in the 2nd quarter. Boston Partners now owns 323,573 shares of the company’s stock valued at $3,213,000 after buying an additional 280,373 shares in the last quarter. Finally, Russell Investments Group Ltd. grew its stake in Daseke by 497.5% in the 3rd quarter. Russell Investments Group Ltd. now owns 310,900 shares of the company’s stock valued at $2,493,000 after buying an additional 258,867 shares in the last quarter. Institutional investors own 37.85% of the company’s stock.

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.

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