DHI Group (NYSE:DHX) Stock Passes Above 200-Day Moving Average – Should You Sell?

DHI Group, Inc. (NYSE:DHX) shares crossed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $2.57 and traded as high as $3.98. DHI Group shares last traded at $3.87, with a volume of 176,576 shares trading hands.

Wall Street Analyst Weigh In

Several research firms have recently weighed in on DHX. Lake Street Capital restated a “hold” rating and issued a $3.00 price target on shares of DHI Group in a research note on Wednesday, May 6th. Wall Street Zen upgraded DHI Group from a “hold” rating to a “strong-buy” rating in a report on Saturday, May 9th. Zacks Research lowered DHI Group from a “strong-buy” rating to a “hold” rating in a research report on Monday, April 6th. Weiss Ratings lowered DHI Group from a “sell (d)” rating to a “sell (d-)” rating in a research report on Monday, May 18th. Finally, B. Riley Financial assumed coverage on shares of DHI Group in a research note on Thursday, May 14th. They set a “buy” rating and a $4.50 target price on the stock. Two analysts have rated the stock with a Buy rating, two have given a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $5.83.

DHI Group Stock Performance

The business’s 50 day simple moving average is $3.36 and its two-hundred day simple moving average is $2.57. The firm has a market capitalization of $167.18 million, a PE ratio of -77.38 and a beta of 1.25. 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 released its quarterly earnings results on Tuesday, May 5th. The technology company reported $0.08 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates 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 firm had revenue of $29.69 million for the quarter, compared to the consensus estimate of $29.05 million. Research analysts expect that DHI Group, Inc. will post 0.24 earnings per share for the current fiscal year.

Insider Activity

In other news, Director Joseph G. Massaquoi, Jr. sold 26,611 shares of the company’s stock in a transaction dated Friday, May 8th. The shares were sold at an average price of $3.09, for a total transaction of $82,227.99. Following the completion of the sale, the director owned 137,653 shares of the company’s stock, valued at $425,347.77. This represents a 16.20% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Kathleen M. Swann sold 20,000 shares of the stock in a transaction that occurred on Monday, May 11th. The stock was 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 $739,779.82. This trade represents a 9.38% decrease in their position. The disclosure for this sale is available in the SEC filing. Company insiders own 16.20% of the company’s stock.

Institutional Trading of DHI Group

Several large investors have recently added to or reduced their stakes in the business. Prudential Financial Inc. purchased a new stake in DHI Group during the second quarter valued at approximately $33,000. Invesco Ltd. bought a new stake in shares of DHI Group during the 2nd quarter valued at $45,000. Jacobs Levy Equity Management Inc. purchased a new stake in shares of DHI Group in the 3rd quarter worth $49,000. Cubist Systematic Strategies LLC raised 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 worth $29,000 after purchasing an additional 15,089 shares during the period. Finally, JPMorgan Chase & Co. raised its holdings in DHI Group by 1,940.5% in the 3rd quarter. JPMorgan Chase & Co. now owns 21,078 shares of the technology company’s stock worth $59,000 after purchasing an additional 20,045 shares during the period. 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.