DHI Group (NYSE:DHX – Get Free Report) announced that its board has authorized a stock buyback plan on Tuesday, January 21st, RTT News reports. The company plans to repurchase $5.00 million in outstanding shares. This repurchase authorization permits the technology company to reacquire up to 4.4% of its shares through open market purchases. Shares repurchase plans are typically a sign that the company’s board believes its shares are undervalued.
Wall Street Analysts Forecast Growth
Several equities research analysts recently commented on the stock. Barrington Research reiterated an “outperform” rating and issued a $7.00 price objective on shares of DHI Group in a research report on Thursday, November 21st. B. Riley reduced their price target on shares of DHI Group from $4.00 to $3.50 and set a “buy” rating on the stock in a report on Wednesday, November 13th.
DHI Group Price Performance
DHI Group Company Profile
DHI Group, Inc provides data, insights, and employment connections through specialized services for technology professionals and other select online communities in the United States. Its solutions include talent profiles; job postings; employer branding; and other services comprising virtual and live career events, sourcing services, and content and data services that provides tailored content to help professionals manage their careers and provide employers insight into recruiting strategies and trends.
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