DHI Group, Inc. (NYSE:DHX) Receives Consensus Rating of “Hold” from Brokerages

Shares of DHI Group, Inc. (NYSE:DHX) have earned an average rating of “Hold” from the five ratings firms that are currently covering the firm, Marketbeat.com reports. One investment analyst has rated the stock with a sell recommendation, two have assigned a hold recommendation and two have given a buy recommendation to the company. The average 12 month target price among brokerages that have issued ratings on the stock in the last year is $5.8333.

A number of research analysts have issued reports on the stock. Weiss Ratings reaffirmed a “sell (d)” rating on shares of DHI Group in a report on Monday, April 20th. Lake Street Capital reaffirmed a “hold” rating and issued a $3.00 price objective on shares of DHI Group in a research note on Wednesday, May 6th. B. Riley Financial initiated coverage on DHI Group in a report on Thursday, May 14th. They set a “buy” rating and a $4.50 price objective for the company. Barrington Research reissued an “outperform” rating and issued a $10.00 target price on shares of DHI Group in a report on Monday. Finally, Wall Street Zen upgraded DHI Group from a “hold” rating to a “strong-buy” rating in a research report on Saturday, May 9th.

DHI Group Stock Performance

NYSE DHX opened at $3.88 on Thursday. The stock has a market capitalization of $167.66 million, a price-to-earnings ratio of -77.60 and a beta of 1.11. The business’s 50 day moving average is $2.86 and its two-hundred day moving average is $2.24. DHI Group has a 12-month low of $1.44 and a 12-month high of $4.10. The company has a current ratio of 0.44, a quick ratio of 0.44 and a debt-to-equity ratio of 0.36.

DHI Group (NYSE:DHX) last posted its quarterly earnings results on Tuesday, May 5th. The technology company reported $0.08 EPS for the quarter, beating the consensus estimate of $0.04 by $0.04. DHI Group had a positive return on equity of 11.60% and a negative net margin of 1.78%.The business had revenue of $29.69 million during the quarter, compared to analysts’ expectations of $29.05 million. Research analysts expect that DHI Group will post 0.24 EPS for the current year.

DHI Group declared that its board has authorized a stock buyback plan on Wednesday, February 4th that allows the company to buyback $10.00 million in shares. This buyback authorization allows the technology company to repurchase up to 12.6% of its stock through open market purchases. Stock buyback plans are generally a sign that the company’s management believes its stock is undervalued.

Insider Activity

In other news, Director Kathleen M. Swann sold 20,000 shares of the stock in a transaction that occurred on Monday, May 11th. The shares were sold at an average price of $3.83, for a total value of $76,600.00. Following the sale, the director directly owned 193,154 shares in the company, valued at $739,779.82. This represents a 9.38% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Joseph G. Massaquoi, Jr. sold 26,611 shares of the firm’s stock in a transaction that occurred on Friday, May 8th. The stock was sold at an average price of $3.09, for a total transaction of $82,227.99. Following the transaction, the director directly owned 137,653 shares of the company’s stock, valued at approximately $425,347.77. This trade represents a 16.20% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 16.20% of the stock is owned by corporate insiders.

Institutional Trading of DHI Group

A number of large investors have recently made changes to their positions in DHX. Cubist Systematic Strategies LLC lifted its holdings in DHI Group by 258.8% in the 1st quarter. Cubist Systematic Strategies LLC now owns 20,920 shares of the technology company’s stock valued at $29,000 after purchasing an additional 15,089 shares in the last quarter. Prudential Financial Inc. purchased a new position in shares of DHI Group during the second quarter valued at approximately $33,000. Invesco Ltd. acquired a new stake in DHI Group during the second quarter worth approximately $45,000. Jacobs Levy Equity Management Inc. purchased a new stake in DHI Group in the 3rd quarter worth approximately $49,000. Finally, NewEdge Advisors LLC raised its holdings in DHI Group by 122.3% in the 1st quarter. NewEdge Advisors LLC now owns 40,716 shares of the technology company’s stock valued at $57,000 after acquiring an additional 22,399 shares during the last quarter. Institutional investors and hedge funds own 69.26% of the company’s stock.

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.