DHI Group (NYSE:DHX) Earns “Outperform” Rating from Barrington Research

DHI Group (NYSE:DHX)‘s stock had its “outperform” rating reissued by investment analysts at Barrington Research in a research note issued on Tuesday,Benzinga reports. They currently have a $10.00 price objective on the technology company’s stock. Barrington Research’s price objective would suggest a potential upside of 308.16% from the stock’s current price.

A number of other equities research analysts also recently weighed in on the company. Zacks Research upgraded DHI Group from a “hold” rating to a “strong-buy” rating in a report on Tuesday, February 10th. Lake Street Capital reaffirmed a “hold” rating and set a $2.50 price objective (down from $3.00) on shares of DHI Group in a research report on Tuesday, November 11th. Finally, Weiss Ratings reissued a “sell (d)” rating on shares of DHI Group in a research report on Wednesday, January 21st. One analyst has rated the stock with a Strong Buy rating, one has given a Buy rating, one has issued a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $6.25.

DHI Group Price Performance

DHX stock opened at $2.45 on Tuesday. The company has a quick ratio of 0.44, a current ratio of 0.44 and a debt-to-equity ratio of 0.32. The firm has a market cap of $110.18 million, a price-to-earnings ratio of -8.17 and a beta of 1.37. The company’s fifty day simple moving average is $2.01 and its 200 day simple moving average is $2.15. DHI Group has a 12-month low of $1.21 and a 12-month high of $3.34.

DHI Group declared that its Board of Directors has authorized a share buyback program on Thursday, November 6th that authorizes the company to repurchase $5.00 million in outstanding shares. This repurchase authorization authorizes the technology company to purchase up to 5.7% of its shares through open market purchases. Shares repurchase programs are often a sign that the company’s board believes its shares are undervalued.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Cubist Systematic Strategies LLC lifted its holdings in DHI Group by 258.8% during the first 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 during the last quarter. Prudential Financial Inc. bought a new stake in shares of DHI Group in the second quarter valued at approximately $33,000. Invesco Ltd. purchased a new stake in shares of DHI Group during the 2nd quarter valued at approximately $45,000. Jacobs Levy Equity Management Inc. purchased a new stake in shares of DHI Group during the 3rd quarter valued at approximately $49,000. Finally, NewEdge Advisors LLC boosted 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 worth $57,000 after buying an additional 22,399 shares during the period. 69.26% of the stock is currently owned by hedge funds and other institutional investors.

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.