DHI Group (NYSE:DHX) Raised to Strong-Buy at Zacks Research

Key Points

• Zacks Research upgraded DHI Group (NYSE:DHX) from a "hold" rating to a "strong-buy" rating, signaling increased confidence in the stock.
• Despite this upgrade, other analysts have downgraded DHI Group, indicating mixed sentiments, with a consensus target price of $4.50.
• DHI Group's stock has experienced significant volatility, with a 12-month low of $1.21 and a high of $3.34, currently trading around $2.71.

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

Several other research analysts also recently commented on DHX. Lake Street Capital downgraded DHI Group from a "buy" rating to a "hold" rating and set a $3.00 price objective on the stock. in a research note on Thursday, August 7th. Wall Street Zen downgraded DHI Group from a "buy" rating to a "hold" rating in a research report on Friday, May 16th. One analyst has rated the stock with a Strong Buy rating, two have given a Buy rating and one has assigned a Hold rating to the company. According to MarketBeat, the company currently has an average rating of "Buy" and a consensus target price of $4.50.

DHI Group Stock Performance

DHI Group stock traded up $0.1630 during midday trading on Monday, reaching $2.7130. 31,163 shares of the company traded hands, compared to its average volume of 139,409. The company has a debt-to-equity ratio of 0.29, a current ratio of 0.42 and a quick ratio of 0.42. DHI Group has a 12 month low of $1.21 and a 12 month high of $3.34. The firm has a market capitalization of $130.25 million, a price-to-earnings ratio of -12.83 and a beta of 1.48. The business has a 50 day moving average of $2.70 and a two-hundred day moving average of $2.22.

Institutional Trading of DHI Group

A number of institutional investors have recently made changes to their positions in the business. Prudential Financial Inc. acquired a new position in shares of DHI Group during the second quarter valued at about $33,000. XTX Topco Ltd acquired a new position in DHI Group in the 4th quarter worth about $25,000. Invesco Ltd. purchased a new position in DHI Group in the 2nd quarter valued at about $45,000. NewEdge Advisors LLC acquired a new position in DHI Group during the fourth quarter worth about $32,000. Finally, Cubist Systematic Strategies LLC grew its position in shares of DHI Group by 258.8% in the first 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 in the last quarter. Institutional investors and hedge funds own 69.26% of the company's stock.

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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