DHI Group (NYSE:DHX) Rating Increased to Strong-Buy at Zacks Research

DHI Group (NYSE:DHX) was upgraded by investment analysts at Zacks Research from a “hold” rating to a “strong-buy” rating in a report issued on Wednesday,Zacks.com reports.

Other analysts also recently issued reports about the company. Weiss Ratings downgraded DHI Group from a “sell (d)” rating to a “sell (d-)” rating in a research report on Monday, May 18th. Lake Street Capital restated a “hold” rating and set a $3.00 price target on shares of DHI Group in a research note on Wednesday, May 6th. B. Riley Financial assumed coverage on DHI Group in a report on Thursday, May 14th. They set a “buy” rating and a $4.50 price objective on the stock. Wall Street Zen raised shares of DHI Group from a “hold” rating to a “strong-buy” rating in a report on Saturday, May 9th. Finally, Barrington Research reissued an “outperform” rating and set a $10.00 price objective on shares of DHI Group in a report on Monday, May 18th. One investment 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 issued a Sell rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $5.83.

DHI Group Stock Performance

DHX opened at $4.00 on Wednesday. DHI Group has a 1-year low of $1.44 and a 1-year high of $4.32. The company has a market cap of $172.89 million, a price-to-earnings ratio of -80.02 and a beta of 1.24. The company has a current ratio of 0.44, a quick ratio of 0.44 and a debt-to-equity ratio of 0.36. The company’s fifty day moving average price is $3.59 and its two-hundred day moving average price is $2.75.

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, beating 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 business had revenue of $29.69 million during the quarter, compared to the consensus estimate of $29.05 million. On average, analysts expect that DHI Group will post 0.24 EPS for the current fiscal year.

Insider Buying and Selling

In other DHI Group news, Director Kathleen M. Swann sold 20,000 shares of the business’s stock in a transaction that occurred on Monday, May 11th. The stock was sold at an average price of $3.83, for a total value of $76,600.00. Following the completion of the sale, 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 SEC, which can be accessed through this hyperlink. Also, Director Joseph G. Massaquoi, Jr. sold 26,611 shares of the business’s stock in a transaction that occurred on Friday, May 8th. The shares were sold at an average price of $3.09, for a total value 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. The trade was a 16.20% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 16.20% of the stock is owned by insiders.

Hedge Funds Weigh In On DHI Group

A number of hedge funds have recently modified their holdings of the company. Cubist Systematic Strategies LLC increased 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 valued at $29,000 after purchasing an additional 15,089 shares during the period. NewEdge Advisors LLC lifted 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. Goldman Sachs Group Inc. lifted its holdings in DHI Group by 37.6% in the 1st quarter. Goldman Sachs Group Inc. now owns 316,808 shares of the technology company’s stock worth $440,000 after buying an additional 86,631 shares during the period. Jane Street Group LLC grew its position in shares of DHI Group by 229.4% in the 1st quarter. Jane Street Group LLC now owns 96,005 shares of the technology company’s stock worth $133,000 after buying an additional 66,861 shares during the last quarter. Finally, Geode Capital Management LLC grew its position in shares of DHI Group by 1.2% in the 2nd 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 last quarter. Hedge funds and other institutional investors 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.