DHI Group (NYSE:DHX) Stock Passes Above 200 Day Moving Average – Time to Sell?

DHI Group, Inc. (NYSE:DHX)’s stock price passed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $2.96 and traded as high as $3.97. DHI Group shares last traded at $3.8270, with a volume of 91,018 shares trading hands.

Analyst Upgrades and Downgrades

Several equities research analysts recently commented on the company. Wall Street Zen raised DHI Group from a “hold” rating to a “strong-buy” rating in a research note on Saturday, May 9th. Barrington Research reiterated an “outperform” rating and issued a $10.00 target price on shares of DHI Group in a report on Monday, May 18th. Lake Street Capital reissued a “hold” rating and issued a $3.00 price target on shares of DHI Group in a research note on Wednesday, May 6th. B. Riley Financial initiated coverage on DHI Group in a report on Thursday, May 14th. They set a “buy” rating and a $4.50 price target on the stock. Finally, Zacks Research upgraded shares of DHI Group from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, July 8th. One analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating, one has given a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $5.83.

DHI Group Stock Down 1.7%

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’s 50-day moving average price is $3.77 and its 200-day moving average price is $2.97. The company has a market cap of $174.52 million, a P/E ratio of -80.78 and a beta of 1.24.

DHI Group (NYSE:DHX) last issued its earnings results on Tuesday, May 5th. The technology company reported $0.08 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 analyst estimates of $29.05 million. As a group, research analysts forecast that DHI Group, Inc. will post 0.24 EPS for the current year.

Insider Activity at DHI Group

In related news, Director Joseph G. Massaquoi, Jr. sold 26,611 shares of the stock in a transaction on Friday, May 8th. The stock was sold at an average price of $3.09, for a total value of $82,227.99. Following the transaction, the director directly owned 137,653 shares in the company, valued at $425,347.77. This trade represents a 16.20% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Kathleen M. Swann sold 20,000 shares of the stock in a transaction 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 transaction, the director owned 193,154 shares in the company, valued at approximately $739,779.82. This represents a 9.38% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders own 16.20% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of the business. Geode Capital Management LLC lifted its stake in shares of DHI Group by 1.2% in the second quarter. Geode Capital Management LLC now owns 361,314 shares of the technology company’s stock valued at $1,073,000 after buying an additional 4,188 shares in the last quarter. Empowered Funds LLC increased its position in shares of DHI Group by 13.9% during the first quarter. Empowered Funds LLC now owns 75,295 shares of the technology company’s stock worth $212,000 after acquiring an additional 9,192 shares in the last quarter. Sei Investments Co. raised its holdings in shares of DHI Group by 22.3% in the 2nd quarter. Sei Investments Co. now owns 57,089 shares of the technology company’s stock worth $170,000 after acquiring an additional 10,426 shares during the last quarter. Prudential Financial Inc. acquired a new stake in shares of DHI Group in the 2nd quarter worth about $33,000. Finally, Assenagon Asset Management S.A. lifted its position in DHI Group by 36.4% in the 4th quarter. Assenagon Asset Management S.A. now owns 45,364 shares of the technology company’s stock valued at $70,000 after acquiring an additional 12,110 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.