DHI Group (NYSE:DHX) Downgraded by Zacks Research to Hold

Key Points

• Zacks Research downgraded DHI Group from “strong buy” to “hold,” while the broader analyst consensus is also “hold” with an average price target of $6.75.
• DHI Group reported quarterly EPS of $0.09, beating the $0.04 consensus estimate, and revenue of $31.34 million, slightly above expectations.
• Shares fell 5.2% to open at $3.92; the stock has traded between $1.44 and $4.45 over the past year, with institutional investors owning 69.26% of outstanding shares.

DHI Group (NYSE:DHX - Get Free Report) was downgraded by stock analysts at Zacks Research from a "strong-buy" rating to a "hold" rating in a note issued to investors on Thursday,Zacks.com reports.

Other analysts also recently issued reports about the company. Barrington Research reissued an "outperform" rating and set a $10.00 price objective on shares of DHI Group in a research report on Monday, May 18th. Lake Street Capital raised shares of DHI Group from a "hold" rating to a "buy" rating and set a $5.00 target price on the stock in a research report on Thursday. Weiss Ratings lowered shares of DHI Group from a "sell (d)" rating to a "sell (d-)" rating in a research note on Monday, May 18th. Wall Street Zen upgraded shares of DHI Group from a "hold" rating to a "strong-buy" rating in a research report on Saturday, May 9th. Finally, B. Riley Financial boosted their price target on shares of DHI Group from $4.50 to $5.25 and gave the company a "buy" rating in a research note on Thursday. Three investment analysts have rated the stock with a Buy rating, one has given a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and an average price target of $6.75.

DHI Group Trading Down 5.2%

DHX opened at $3.92 on Thursday. The stock has a market capitalization of $169.21 million, a PE ratio of 130.61 and a beta of 1.21. DHI Group has a one year low of $1.44 and a one year high of $4.45. The company has a debt-to-equity ratio of 0.34, a quick ratio of 0.44 and a current ratio of 0.44. The business's 50 day moving average price is $3.84 and its 200 day moving average price is $3.10.

DHI Group (NYSE:DHX - Get Free Report) last posted its earnings results on Wednesday, August 5th. The technology company reported $0.09 earnings per share (EPS) for the quarter, topping 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 company had revenue of $31.34 million during the quarter, compared to analysts' expectations of $30.88 million. As a group, equities research analysts expect that DHI Group will post 0.24 EPS for the current year.

Insider Activity

In other news, Director Kathleen M. Swann sold 20,000 shares of the 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 sale, the director owned 193,154 shares of the company's stock, valued at approximately $739,779.82. This represents a 9.38% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 16.20% of the company's stock.

Institutional Investors Weigh In On DHI Group

Several large investors have recently added to or reduced their stakes in the business. Cubist Systematic Strategies LLC boosted its position in DHI Group by 258.8% in the 1st quarter. Cubist Systematic Strategies LLC now owns 20,920 shares of the technology company's stock valued at $29,000 after buying an additional 15,089 shares during the period. NewEdge Advisors LLC grew 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 acquiring an additional 22,399 shares in the last quarter. Goldman Sachs Group Inc. increased its position in shares of DHI Group by 37.6% during the first quarter. Goldman Sachs Group Inc. now owns 316,808 shares of the technology company's stock worth $440,000 after acquiring an additional 86,631 shares during the period. Jane Street Group LLC increased its position in shares of DHI Group by 229.4% during the first quarter. Jane Street Group LLC now owns 96,005 shares of the technology company's stock worth $133,000 after acquiring an additional 66,861 shares during the period. Finally, Geode Capital Management LLC raised 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 acquiring an additional 4,188 shares in the last quarter. 69.26% of the stock is 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.

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.

Continue following MarketBeat

Add MarketBeat as your preferred source on Google to see our latest stories in your feed.

Add As Preferred Source