DHI Group (NYSE:DHX) Upgraded 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.

Zacks Research upgraded shares of DHI Group (NYSE:DHX - Free Report) from a hold rating to a strong-buy rating in a research report sent to investors on Monday, August 18th,Zacks.com reports.

A number of other equities analysts have also recently commented on DHX. Lake Street Capital cut 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. Wall Street Zen cut DHI Group from a "buy" rating to a "hold" rating in a research note on Friday, May 16th. One investment analyst has rated the stock with a Strong Buy rating, two have given a Buy rating and one has given a Hold rating to the company's stock. According to data from MarketBeat.com, DHI Group currently has an average rating of "Buy" and an average target price of $4.50.

DHI Group Trading Up 3.6%

DHI Group stock traded up $0.0950 during midday trading on Monday, reaching $2.7050. 153,157 shares of the stock traded hands, compared to its average volume of 140,535. The company has a 50-day simple moving average of $2.70 and a two-hundred day simple moving average of $2.21. DHI Group has a 12-month low of $1.21 and a 12-month high of $3.34. The firm has a market cap of $129.87 million, a PE ratio of -12.88 and a beta of 1.48. The company has a current ratio of 0.42, a quick ratio of 0.42 and a debt-to-equity ratio of 0.29.

Institutional Investors Weigh In On DHI Group

Several institutional investors have recently added to or reduced their stakes in the business. Evergreen Capital Management LLC purchased a new stake in DHI Group during the second quarter worth approximately $603,000. Sei Investments Co. lifted its stake in DHI Group by 22.3% during the second quarter. Sei Investments Co. now owns 57,089 shares of the technology company's stock worth $170,000 after purchasing an additional 10,426 shares during the last quarter. 22NW LP lifted its stake in DHI Group by 26.7% during the second quarter. 22NW LP now owns 3,299,937 shares of the technology company's stock worth $9,801,000 after purchasing an additional 696,294 shares during the last quarter. Invesco Ltd. purchased a new stake in DHI Group during the second quarter worth approximately $45,000. Finally, Panagora Asset Management Inc. purchased a new stake in DHI Group during the second quarter worth approximately $68,000. Hedge funds and other institutional investors own 69.26% of the company's stock.

DHI Group Company Profile

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.