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

Zacks Research upgraded shares of DHI Group (NYSE:DHX) from a hold rating to a strong-buy rating in a research report report published on Tuesday,Zacks.com reports.

DHX has been the subject of several other research reports. Lake Street Capital restated a “hold” rating and issued a $2.50 target price (down previously from $3.00) on shares of DHI Group in a report on Tuesday, November 11th. Weiss Ratings restated a “sell (d)” rating on shares of DHI Group in a report on Wednesday, January 21st. Finally, Barrington Research reissued an “outperform” rating and set a $10.00 price target on shares of DHI Group in a research report on Thursday, February 5th. One analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating, one has issued a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $6.25.

DHI Group Stock Down 14.8%

DHX opened at $2.39 on Tuesday. The company has a market capitalization of $112.48 million, a PE ratio of -7.95 and a beta of 1.48. The firm has a 50-day simple moving average of $1.73 and a two-hundred day simple moving average of $2.15. The company has a quick ratio of 0.43, a current ratio of 0.44 and a debt-to-equity ratio of 0.32. DHI Group has a 52 week low of $1.21 and a 52 week high of $3.34.

DHI Group (NYSE:DHX) last issued its quarterly earnings data on Monday, November 10th. The technology company reported $0.09 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.06 by $0.03. DHI Group had a positive return on equity of 10.91% and a negative net margin of 10.26%.The business had revenue of $32.12 million for the quarter, compared to analysts’ expectations of $31.19 million. Analysts forecast that DHI Group will post 0.11 earnings per share for the current fiscal year.

DHI Group announced that its board has approved a share buyback plan on Thursday, November 6th that allows the company to repurchase $5.00 million in shares. This repurchase authorization allows the technology company to repurchase up to 5.7% of its stock through open market purchases. Stock repurchase plans are typically a sign that the company’s board of directors believes its shares are undervalued.

Hedge Funds Weigh In On DHI Group

Hedge funds have recently made changes to their positions in the company. Empowered Funds LLC increased its position in shares of DHI Group by 17.2% during the fourth quarter. Empowered Funds LLC now owns 66,103 shares of the technology company’s stock worth $102,000 after purchasing an additional 9,703 shares in the last quarter. Goldman Sachs Group Inc. lifted its stake in DHI Group by 15.6% in the 4th quarter. Goldman Sachs Group Inc. now owns 341,319 shares of the technology company’s stock worth $529,000 after purchasing an additional 46,108 shares in the last quarter. Tieton Capital Management LLC grew its position in shares of DHI Group by 1.0% in the fourth quarter. Tieton Capital Management LLC now owns 3,042,649 shares of the technology company’s stock valued at $4,716,000 after purchasing an additional 31,100 shares in the last quarter. Prescott Group Capital Management L.L.C. acquired a new position in DHI Group during the fourth quarter worth $299,000. Finally, Pacific Ridge Capital Partners LLC grew its holdings in DHI Group by 10.6% in the 4th quarter. Pacific Ridge Capital Partners LLC now owns 3,438,349 shares of the technology company’s stock valued at $5,329,000 after buying an additional 329,214 shares in the last quarter. Institutional investors and hedge funds own 69.26% of the company’s stock.

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.