DHI Group (NYSE:DHX) Stock Crosses Above Two Hundred Day Moving Average – Time to Sell?

Shares of DHI Group, Inc. (NYSE:DHX) crossed 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.

Analysts Set New Price Targets

DHX has been the topic of several research analyst reports. Lake Street Capital reissued a “hold” rating and set a $3.00 price target on shares of DHI Group in a research note on Wednesday, May 6th. Zacks Research raised DHI Group from a “hold” rating to a “strong-buy” rating in a report on Wednesday, July 8th. Wall Street Zen upgraded DHI Group from a “hold” rating to a “strong-buy” rating in a research report on Saturday, May 9th. B. Riley Financial assumed coverage on DHI Group in a research report on Thursday, May 14th. They set a “buy” rating and a $4.50 target price on the stock. Finally, Weiss Ratings lowered DHI Group from a “sell (d)” rating to a “sell (d-)” rating in a report on Monday, May 18th. One analyst has rated the stock with a Strong Buy rating, two have given a Buy rating, one has assigned a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, DHI Group presently has an average rating of “Moderate Buy” and a consensus price target of $5.83.

DHI Group Price Performance

The company’s 50 day simple moving average is $3.73 and its 200 day simple moving average is $2.85. 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 stock has a market capitalization of $176.99 million, a PE ratio of -81.92 and a beta of 1.24.

DHI Group (NYSE:DHX) last issued its quarterly earnings results on Tuesday, May 5th. The technology company reported $0.08 earnings per share for the quarter, topping analysts’ consensus estimates of $0.04 by $0.04. The company had revenue of $29.69 million for the quarter, compared to analyst estimates of $29.05 million. DHI Group had a positive return on equity of 11.60% and a negative net margin of 1.78%. On average, equities analysts anticipate that DHI Group, Inc. will post 0.24 earnings per share for the current year.

Insider Transactions at DHI Group

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

Institutional Investors Weigh In On DHI Group

A number of institutional investors have recently bought and sold shares of DHX. Cubist Systematic Strategies LLC raised its stake in DHI Group by 258.8% during the first 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. NewEdge Advisors LLC boosted its holdings in shares of DHI Group by 122.3% in the 1st quarter. NewEdge Advisors LLC now owns 40,716 shares of the technology company’s stock valued at $57,000 after purchasing an additional 22,399 shares during the last quarter. Goldman Sachs Group Inc. grew its stake in shares of DHI Group by 37.6% during the 1st quarter. Goldman Sachs Group Inc. now owns 316,808 shares of the technology company’s stock valued at $440,000 after buying an additional 86,631 shares during the period. Jane Street Group LLC grew its stake in shares of DHI Group by 229.4% during the 1st quarter. Jane Street Group LLC now owns 96,005 shares of the technology company’s stock valued at $133,000 after buying an additional 66,861 shares during the period. Finally, Geode Capital Management LLC increased its holdings in shares of DHI Group by 1.2% during 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. 69.26% of the stock is currently owned by hedge funds and other 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.