DHI Group, Inc. (NYSE:DHX) Given Consensus Rating of "Moderate Buy" by Brokerages

Key Points

• DHI Group received a “Moderate Buy” consensus rating from five analysts, with three buys and two holds. The average 12-month price target is $6.75, above the reported $4.90 opening price.
• The company exceeded quarterly expectations, reporting $0.09 EPS versus the $0.04 consensus estimate and revenue of $31.34 million versus $30.88 million expected.
• Institutional interest increased, with several investment firms initiating or expanding positions; hedge funds and other institutions collectively own 69.26% of DHX shares.

DHI Group, Inc. (NYSE:DHX - Get Free Report) has received a consensus recommendation of "Moderate Buy" from the five ratings firms that are currently covering the firm, MarketBeat.com reports. Two research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. The average twelve-month price objective among analysts that have issued ratings on the stock in the last year is $6.75.

Several brokerages have recently weighed in on DHX. B. Riley Financial upped their target price on DHI Group from $4.50 to $5.25 and gave the stock a "buy" rating in a research report on Thursday, August 6th. Weiss Ratings upgraded DHI Group from a "sell (d-)" rating to a "hold (c-)" rating in a report on Wednesday, August 12th. Zacks Research lowered DHI Group from a "strong-buy" rating to a "hold" rating in a research report on Thursday, August 6th. Finally, Lake Street Capital upgraded DHI Group from a "hold" rating to a "buy" rating and set a $5.00 price target for the company in a report on Thursday, August 6th.

DHI Group Stock Performance

NYSE:DHX opened at $4.90 on Wednesday. The company has a current ratio of 0.44, a quick ratio of 0.44 and a debt-to-equity ratio of 0.34. The firm has a market capitalization of $212.63 million, a price-to-earnings ratio of 163.29 and a beta of 1.19. The firm's fifty day simple moving average is $4.17 and its 200 day simple moving average is $3.52. DHI Group has a twelve month low of $1.44 and a twelve month high of $4.95.

DHI Group (NYSE:DHX - Get Free Report) last announced its quarterly earnings results on Wednesday, August 5th. The technology company reported $0.09 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.04 by $0.05. DHI Group had a return on equity of 13.01% and a net margin of 0.97%.The firm had revenue of $31.34 million during the quarter, compared to the consensus estimate of $30.88 million. As a group, equities research analysts expect that DHI Group will post 0.27 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in DHX. Tieton Capital Management LLC purchased a new stake in DHI Group during the 2nd quarter worth approximately $11,744,000. Nantahala Capital Management LLC acquired a new position in shares of DHI Group in the 2nd quarter valued at approximately $8,807,640. Sei Investments Co. boosted its stake in shares of DHI Group by 108.9% during the 1st quarter. Sei Investments Co. now owns 1,804,281 shares of the technology company's stock valued at $5,070,000 after buying an additional 940,667 shares during the last quarter. BlackRock Inc. purchased a new position in shares of DHI Group during the 2nd quarter valued at approximately $3,033,000. Finally, AWM Investment Company Inc. acquired a new stake in shares of DHI Group during the second quarter worth approximately $1,846,000. 69.26% of the stock is currently owned by hedge funds and other institutional investors.

DHI Group Company Profile

DHI Group, Inc is a technology-focused career marketplace and data services company. Through its digital platforms, the company connects employers with specialized professionals and helps job seekers find opportunities in technology, engineering, cybersecurity, and other highly skilled fields.

The company's principal brands include Dice, a career platform serving the technology industry, and ClearanceJobs, which focuses on professionals who hold or are eligible for U.S. security clearances.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.