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

Key Points

• DHI Group's stock has been downgraded by Zacks Research from a "strong-buy" to a "hold" rating, indicating a shift in analyst sentiment.
• Lake Street Capital also downgraded DHI Group from a "buy" to a "hold" rating, setting a target price of $3.00.
• Currently, the stock has an average rating of "hold" with a consensus price target of $4.50.

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

Several other brokerages also recently commented on DHX. Lake Street Capital downgraded shares of DHI Group from a "buy" rating to a "hold" rating and set a $3.00 target price for the company. in a report on Thursday, August 7th. Weiss Ratings reaffirmed a "sell (d)" rating on shares of DHI Group in a report on Saturday, September 27th. Two analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has issued a Sell rating to the company's stock. According to MarketBeat, the stock currently has an average rating of "Hold" and a consensus price target of $4.50.

DHI Group Stock Performance

Shares of DHX stock opened at $2.43 on Monday. The stock has a market cap of $116.42 million, a P/E ratio of -11.55 and a beta of 1.53. The company has a debt-to-equity ratio of 0.29, a current ratio of 0.42 and a quick ratio of 0.42. The company has a fifty day moving average price of $2.70 and a two-hundred day moving average price of $2.32. DHI Group has a one year low of $1.21 and a one year high of $3.34.

Institutional Investors Weigh In On DHI Group

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Cubist Systematic Strategies LLC grew its holdings in shares of DHI Group by 258.8% during the 1st quarter. Cubist Systematic Strategies LLC now owns 20,920 shares of the technology company's stock valued at $29,000 after purchasing an additional 15,089 shares during the last quarter. Prudential Financial Inc. bought a new stake in shares of DHI Group during the 2nd quarter valued at approximately $33,000. Ritholtz Wealth Management bought a new stake in shares of DHI Group during the 1st quarter valued at approximately $37,000. Invesco Ltd. bought a new stake in shares of DHI Group during the 2nd quarter valued at approximately $45,000. Finally, NewEdge Advisors LLC grew its holdings in shares of DHI Group by 122.3% during 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. 69.26% of the stock is owned by institutional investors.

About DHI Group

DHI Group, Inc provides data, insights, and employment connections through specialized services for technology professionals and other select online communities in the United States. Its solutions include talent profiles; job postings; employer branding; and other services comprising virtual and live career events, sourcing services, and content and data services that provides tailored content to help professionals manage their careers and provide employers insight into recruiting strategies and trends.

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