Cowen & Co. Thinks Daseke Inc’s Stock is Going to Recover

By Jason Carr

Cowen & Co. analyst Jason Seidl reiterated a Buy rating on Daseke Inc (NASDAQ: DSKE) today and set a price target of $15. The company’s shares closed yesterday at $8.99, close to its 52-week low of $8.04.

According to TipRanks.com, Seidl is a top 100 analyst with an average return of 19.2% and a 73.5% success rate. Seidl covers the Services sector, focusing on stocks such as Covenant Transportation Group, Expeditors International, and Echo Global Logistics.

Daseke Inc has an analyst consensus of Moderate Buy, with a price target consensus of $15.

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Based on Daseke Inc’s latest earnings release for the quarter ending June 30, the company reported a quarterly net profit of $13.49 million. In comparison, last year the company had a GAAP net loss of $4.11 million.

Based on the recent corporate insider activity of 13 insiders, corporate insider sentiment is positive on the stock. This means that over the past quarter there has been an increase of insiders buying their shares of DSKE in relation to earlier this year.

TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.

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 transportation equipment to meet the needs of high-volume and time-sensitive shippers.