DHI Group (NYSE:DHX) Stock Price Expected to Rise, B. Riley Financial Analyst Says

DHI Group (NYSE:DHX) had its price target upped by stock analysts at B. Riley Financial from $4.50 to $5.25 in a research report issued to clients and investors on Thursday,Benzinga reports. The brokerage currently has a “buy” rating on the technology company’s stock. B. Riley Financial’s price objective would indicate a potential upside of 44.63% from the company’s previous close.

Other analysts also recently issued research reports about the company. Barrington Research reissued an “outperform” rating and issued a $10.00 price objective on shares of DHI Group in a research note on Monday, May 18th. Weiss Ratings lowered shares of DHI Group from a “sell (d)” rating to a “sell (d-)” rating in a research report on Monday, May 18th. Zacks Research upgraded shares of DHI Group from a “hold” rating to a “strong-buy” rating in a report on Wednesday, July 8th. Wall Street Zen upgraded shares of DHI Group from a “hold” rating to a “strong-buy” rating in a report on Saturday, May 9th. Finally, Lake Street Capital raised DHI Group from a “hold” rating to a “buy” rating and set a $5.00 price target on the stock in a report on Thursday. One equities research analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating and one has given a Sell rating to the company. According to data from MarketBeat.com, DHI Group presently has a consensus rating of “Moderate Buy” and a consensus target price of $6.75.

DHI Group Stock Down 13.2%

Shares of DHX traded down $0.55 during midday trading on Thursday, hitting $3.63. The company had a trading volume of 90,499 shares, compared to its average volume of 368,711. The stock has a market cap of $156.82 million, a price-to-earnings ratio of -72.89 and a beta of 1.21. The company’s 50 day moving average price is $3.82 and its 200 day moving average price is $3.07. The company has a quick ratio of 0.44, a current ratio of 0.44 and a debt-to-equity ratio of 0.36. DHI Group has a 52 week low of $1.44 and a 52 week high of $4.36.

DHI Group (NYSE:DHX) last posted its quarterly earnings results on Wednesday, August 5th. The technology company reported $0.09 EPS for the quarter, beating the consensus estimate of $0.04 by $0.05. The business had revenue of $31.34 million during the quarter, compared to analyst estimates of $30.88 million. DHI Group had a negative net margin of 1.78% and a positive return on equity of 11.60%. On average, equities research analysts predict that DHI Group will post 0.24 EPS for the current year.

Insider Buying and Selling

In other news, Director Joseph G. Massaquoi, Jr. sold 26,611 shares of DHI Group stock in a transaction dated Friday, May 8th. The stock was sold at an average price of $3.09, for a total value of $82,227.99. Following the transaction, the director directly owned 137,653 shares in the company, valued at approximately $425,347.77. The trade was a 16.20% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Kathleen M. Swann sold 20,000 shares of the business’s stock in a transaction on Monday, May 11th. The stock was sold at an average price of $3.83, for a total transaction of $76,600.00. Following the transaction, the director directly owned 193,154 shares in the company, valued at $739,779.82. This trade represents a 9.38% decrease in their position. The disclosure for this sale is available in the SEC filing. Company insiders own 16.20% of the company’s stock.

Institutional Trading of DHI Group

Several hedge funds have recently modified their holdings of the company. Walleye Capital LLC bought a new stake in DHI Group during the 2nd quarter worth about $172,000. Empowered Funds LLC lifted its stake in shares of DHI Group by 13.9% during the first quarter. Empowered Funds LLC now owns 75,295 shares of the technology company’s stock valued at $212,000 after acquiring an additional 9,192 shares during the period. Keel Point LLC bought a new position in DHI Group in the first quarter valued at about $123,000. Bank of America Corp DE increased its position in DHI Group by 17.8% in the first quarter. Bank of America Corp DE now owns 87,978 shares of the technology company’s stock worth $247,000 after purchasing an additional 13,317 shares during the period. Finally, OMERS ADMINISTRATION Corp bought a new stake in DHI Group during the 1st quarter worth about $166,000. Institutional investors and hedge funds own 69.26% of the company’s stock.

About DHI Group

DHI Group, Inc (NYSE: DHX) is a specialized professional recruitment and career development company that operates digital platforms connecting technology and security-cleared professionals with employers worldwide. Founded in 1990 as a niche job board for technology talent, the company completed its initial public offering in 2007 and trades on the New York Stock Exchange under the ticker symbol DHX.

The company’s primary offerings include Dice.com, a careers platform designed for technology professionals, and ClearanceJobs, a specialized service catering to candidates holding U.S.