DHI Group, Inc. (NYSE:DHX) Receives $5.83 Average PT from Analysts

DHI Group, Inc. (NYSE:DHX) has been assigned an average rating of “Hold” from the five ratings firms that are covering the company, Marketbeat Ratings reports. One research analyst has rated the stock with a sell rating, two have issued a hold rating and two have issued a buy rating on the company. The average 1 year target price among brokerages that have updated their coverage on the stock in the last year is $5.8333.

DHX has been the subject of several analyst reports. Wall Street Zen raised shares of DHI Group from a “hold” rating to a “strong-buy” rating in a research note on Saturday, May 9th. B. Riley Financial started coverage on shares of DHI Group in a research report on Thursday, May 14th. They set a “buy” rating and a $4.50 target price on the stock. Zacks Research lowered DHI Group from a “strong-buy” rating to a “hold” rating in a report on Monday, April 6th. Weiss Ratings downgraded DHI Group from a “sell (d)” rating to a “sell (d-)” rating in a research note on Monday. Finally, Lake Street Capital reissued a “hold” rating and set a $3.00 price objective on shares of DHI Group in a report on Wednesday, May 6th.

DHI Group Trading Up 3.3%

Shares of NYSE DHX opened at $3.78 on Thursday. The business has a 50 day simple moving average of $2.91 and a 200 day simple moving average of $2.27. DHI Group has a 52 week low of $1.44 and a 52 week high of $4.10. The stock has a market cap of $163.30 million, a price-to-earnings ratio of -75.58 and a beta of 1.11. The company has a debt-to-equity ratio of 0.36, a quick ratio of 0.44 and a current ratio of 0.44.

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

DHI Group announced that its Board of Directors has initiated a share repurchase program on Wednesday, February 4th that authorizes the company to buyback $10.00 million in shares. This buyback authorization authorizes the technology company to reacquire up to 12.6% of its shares through open market purchases. Shares buyback programs are typically a sign that the company’s leadership believes its shares are undervalued.

Insider Activity at DHI Group

In other news, Director Joseph G. Massaquoi, Jr. sold 26,611 shares of DHI Group 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 transaction, the director owned 137,653 shares of the company’s stock, valued at $425,347.77. This trade represents a 16.20% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Kathleen M. Swann sold 20,000 shares of the business’s stock in a transaction 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 sale, the director owned 193,154 shares of the company’s stock, valued at $739,779.82. The trade was a 9.38% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Company insiders own 16.20% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of the company. Cubist Systematic Strategies LLC boosted its holdings 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 valued at $29,000 after acquiring an additional 15,089 shares during the period. NewEdge Advisors LLC increased its stake in shares of DHI Group by 122.3% in the first quarter. NewEdge Advisors LLC now owns 40,716 shares of the technology company’s stock worth $57,000 after purchasing an additional 22,399 shares during the period. Goldman Sachs Group Inc. increased its stake in shares of DHI Group by 37.6% in the first quarter. Goldman Sachs Group Inc. now owns 316,808 shares of the technology company’s stock worth $440,000 after purchasing an additional 86,631 shares during the period. Jane Street Group LLC lifted its position 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 worth $133,000 after purchasing an additional 66,861 shares during the last quarter. Finally, Geode Capital Management LLC boosted its stake in DHI Group by 1.2% during the 2nd quarter. Geode Capital Management LLC now owns 361,314 shares of the technology company’s stock valued at $1,073,000 after purchasing an additional 4,188 shares during the period. Institutional investors 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.