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

DHI Group, Inc. (NYSE:DHX) has been assigned an average recommendation of “Hold” from the five research firms that are presently covering the stock, Marketbeat reports. One investment analyst has rated the stock with a sell recommendation, two have assigned a hold recommendation and two have issued a buy recommendation on the company. The average 1-year price target among brokers that have updated their coverage on the stock in the last year is $5.8333.

A number of brokerages recently commented on DHX. B. Riley Financial initiated coverage on DHI Group in a research report on Thursday, May 14th. They issued a “buy” rating and a $4.50 target price on the stock. Barrington Research restated an “outperform” rating and set a $10.00 price objective on shares of DHI Group in a research note on Monday, May 18th. Lake Street Capital reaffirmed a “hold” rating and issued a $3.00 price objective on shares of DHI Group in a report on Wednesday, May 6th. Wall Street Zen upgraded shares of DHI Group from a “hold” rating to a “strong-buy” rating in a research note on Saturday, May 9th. Finally, Weiss Ratings lowered shares of DHI Group from a “sell (d)” rating to a “sell (d-)” rating in a research note on Monday, May 18th.

DHI Group Stock Performance

Shares of DHX stock opened at $3.73 on Friday. The firm has a market capitalization of $161.27 million, a price-to-earnings ratio of -74.65 and a beta of 1.24. The company has a debt-to-equity ratio of 0.36, a current ratio of 0.44 and a quick ratio of 0.44. The business has a fifty day moving average of $3.47 and a 200 day moving average of $2.67. DHI Group has a 1 year low of $1.44 and a 1 year high of $4.10.

DHI Group (NYSE:DHX) last posted its quarterly earnings results on Tuesday, May 5th. The technology company reported $0.08 earnings per share 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 for the quarter, compared to the consensus estimate of $29.05 million. As a group, research analysts expect that DHI Group will post 0.24 earnings per share for the current year.

Insider Activity

In related news, Director Joseph G. Massaquoi, Jr. sold 26,611 shares of DHI Group 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 completion of the transaction, the director directly owned 137,653 shares in the company, valued at approximately $425,347.77. This trade represents a 16.20% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed 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 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 completion of the transaction, the director directly owned 193,154 shares of the company’s stock, valued at $739,779.82. The trade was a 9.38% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders own 16.20% of the company’s stock.

Institutional Trading of DHI Group

A number of hedge funds have recently added to or reduced their stakes in the company. Cubist Systematic Strategies LLC increased its holdings in DHI Group by 258.8% in the first quarter. Cubist Systematic Strategies LLC now owns 20,920 shares of the technology company’s stock valued at $29,000 after buying an additional 15,089 shares in the last quarter. Prudential Financial Inc. purchased a new stake in shares of DHI Group during the 2nd quarter worth about $33,000. Invesco Ltd. acquired a new stake in shares of DHI Group during the 2nd quarter valued at about $45,000. Jacobs Levy Equity Management Inc. acquired a new stake in shares of DHI Group during the 3rd quarter valued at about $49,000. Finally, NewEdge Advisors LLC grew its position in shares of DHI Group by 122.3% during 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 period. 69.26% of the stock is 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.