DHI Group (NYSE:DHX) Given Outperform Rating at Barrington Research

DHI Group (NYSE:DHX)‘s stock had its “outperform” rating reissued by stock analysts at Barrington Research in a research report issued to clients and investors on Monday,Benzinga reports. They currently have a $10.00 target price on the technology company’s stock. Barrington Research’s target price suggests a potential upside of 292.93% from the stock’s current price.

Several other research firms have also issued reports on DHX. Zacks Research lowered DHI Group from a “strong-buy” rating to a “hold” rating in a research report on Monday, April 6th. Weiss Ratings reissued a “sell (d)” rating on shares of DHI Group in a research report on Monday, April 20th. One investment analyst has rated the stock with a Buy rating, two have assigned a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, DHI Group presently has a consensus rating of “Hold” and an average target price of $6.25.

DHI Group Stock Up 6.5%

Shares of NYSE:DHX opened at $2.55 on Monday. The company has a current ratio of 0.44, a quick ratio of 0.44 and a debt-to-equity ratio of 0.32. The stock has a fifty day simple moving average of $2.68 and a two-hundred day simple moving average of $2.15. DHI Group has a 12-month low of $1.21 and a 12-month high of $3.34. The stock has a market capitalization of $111.72 million, a price-to-earnings ratio of -8.47 and a beta of 1.11.

DHI Group declared that its Board of Directors has authorized a stock buyback program on Wednesday, February 4th that allows the company to repurchase $10.00 million in outstanding shares. This repurchase authorization allows the technology company to buy up to 12.6% of its stock through open market purchases. Stock repurchase programs are often a sign that the company’s leadership believes its shares are undervalued.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in DHX. Cubist Systematic Strategies LLC boosted its stake in shares of DHI Group by 258.8% during the 1st quarter. Cubist Systematic Strategies LLC now owns 20,920 shares of the technology company’s stock worth $29,000 after acquiring an additional 15,089 shares during the last quarter. Prudential Financial Inc. bought a new position in shares of DHI Group in the second quarter worth about $33,000. Invesco Ltd. purchased a new stake in shares of DHI Group during the second quarter worth about $45,000. Jacobs Levy Equity Management Inc. purchased a new position in shares of DHI Group during the third quarter valued at about $49,000. Finally, NewEdge Advisors LLC grew its holdings in shares of DHI Group by 122.3% in the first quarter. NewEdge Advisors LLC now owns 40,716 shares of the technology company’s stock valued at $57,000 after purchasing an additional 22,399 shares in the last quarter. 69.26% of the stock is currently owned by institutional investors.

DHI Group Company Profile

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.