DHI Group (NYSE:DHX) Shares Pass Above Two Hundred Day Moving Average – Here’s Why

DHI Group, Inc. (NYSE:DHX)’s share price passed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $2.85 and traded as high as $4.11. DHI Group shares last traded at $4.0970, with a volume of 97,455 shares changing hands.

Wall Street Analysts Forecast Growth

Several brokerages recently commented on DHX. Zacks Research raised DHI Group from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, July 8th. Weiss Ratings lowered shares of DHI Group from a “sell (d)” rating to a “sell (d-)” rating in a report on Monday, May 18th. Wall Street Zen raised shares of DHI Group from a “hold” rating to a “strong-buy” rating in a research note on Saturday, May 9th. Barrington Research reissued an “outperform” rating and issued a $10.00 price target on shares of DHI Group in a research report on Monday, May 18th. Finally, Lake Street Capital restated a “hold” rating and set a $3.00 target price on shares of DHI Group in a research report on Wednesday, May 6th. One research analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $5.83.

DHI Group Stock Performance

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 firm has a market capitalization of $176.99 million, a P/E ratio of -81.92 and a beta of 1.24. The stock’s 50 day moving average is $3.73 and its two-hundred day moving average is $2.85.

DHI Group (NYSE:DHX) last issued its 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 negative net margin of 1.78% and a positive return on equity of 11.60%. The company had revenue of $29.69 million during the quarter, compared to analysts’ expectations of $29.05 million. As a group, equities analysts anticipate that DHI Group, Inc. will post 0.24 earnings per share for the current fiscal year.

Insider Transactions at DHI Group

In related news, 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 transaction of $76,600.00. Following the completion of the transaction, the director owned 193,154 shares in the company, valued at approximately $739,779.82. The trade was a 9.38% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, 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 owned 137,653 shares in the company, valued at approximately $425,347.77. This 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. Corporate insiders own 16.20% of the company’s stock.

Institutional Investors Weigh In On DHI Group

A number of hedge funds have recently modified their holdings of DHX. Cubist Systematic Strategies LLC raised its holdings in 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 buying an additional 15,089 shares during the period. NewEdge Advisors LLC increased its holdings in DHI Group by 122.3% during the 1st quarter. NewEdge Advisors LLC now owns 40,716 shares of the technology company’s stock worth $57,000 after purchasing an additional 22,399 shares in the last quarter. Goldman Sachs Group Inc. raised its stake in shares of DHI Group by 37.6% in the 1st quarter. Goldman Sachs Group Inc. now owns 316,808 shares of the technology company’s stock valued at $440,000 after purchasing an additional 86,631 shares during the period. Jane Street Group LLC lifted its holdings in shares of DHI Group by 229.4% in the first quarter. Jane Street Group LLC now owns 96,005 shares of the technology company’s stock valued at $133,000 after purchasing an additional 66,861 shares in the last quarter. Finally, Geode Capital Management LLC boosted its position in shares of DHI Group by 1.2% during the second quarter. Geode Capital Management LLC now owns 361,314 shares of the technology company’s stock worth $1,073,000 after buying an additional 4,188 shares during the period. 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.