DHI Group (NYSE:DHX) Share Price Passes Above 200 Day Moving Average - Time to Sell?

Key Points

• Shares of DHI Group (NYSE:DHX) crossed above its 200-day moving average
• The board approved a $10.00 million share repurchase program that could buy up to 12.6% of outstanding shares, a move management says signals they view the stock as undervalued.
• Analysts are mixed: consensus rating is Hold with a $6.25 target, but reports range from Barrington's $10 target to Weiss Ratings' sell; the company has a market cap of about $122.7M and a negative P/E (-9.31).

Shares of DHI Group, Inc. (NYSE:DHX - Get Free Report) crossed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $2.14 and traded as high as $2.91. DHI Group shares last traded at $2.7940, with a volume of 127,538 shares.

Wall Street Analyst Weigh In

A number of equities research analysts have recently weighed in on the company. Barrington Research restated an "outperform" rating and set a $10.00 target price on shares of DHI Group in a research report on Friday, March 20th. Zacks Research cut shares of DHI Group from a "strong-buy" rating to a "hold" rating in a research note on Monday, April 6th. Finally, Weiss Ratings reaffirmed a "sell (d)" rating on shares of DHI Group in a research note on Monday. One analyst has rated the stock with a Buy rating, two have issued a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of "Hold" and a consensus price target of $6.25.

DHI Group Stock Down 1.3%

The business has a fifty day moving average of $2.69 and a 200 day moving average of $2.14. The firm has a market cap of $122.66 million, a P/E ratio of -9.31 and a beta of 1.26. The company has a quick ratio of 0.44, a current ratio of 0.44 and a debt-to-equity ratio of 0.32.

DHI Group announced that its board has approved a share repurchase plan on Wednesday, February 4th that authorizes the company to repurchase $10.00 million in shares. This repurchase authorization authorizes the technology company to buy up to 12.6% of its stock through open market purchases. Stock repurchase plans are typically a sign that the company's management believes its stock is undervalued.

Institutional Investors Weigh In On DHI Group

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the stock. North Star Investment Management Corp. bought a new stake in DHI Group in the first quarter valued at about $801,000. Assenagon Asset Management S.A. increased its holdings in shares of DHI Group by 535.2% in the first quarter. Assenagon Asset Management S.A. now owns 288,135 shares of the technology company's stock worth $810,000 after acquiring an additional 242,771 shares in the last quarter. CWC Advisors LLC. increased its holdings in shares of DHI Group by 29.2% in the first quarter. CWC Advisors LLC. now owns 227,141 shares of the technology company's stock worth $638,000 after acquiring an additional 51,328 shares in the last quarter. Empowered Funds LLC increased its holdings in shares of DHI Group by 17.2% in the fourth quarter. Empowered Funds LLC now owns 66,103 shares of the technology company's stock worth $102,000 after acquiring an additional 9,703 shares in the last quarter. Finally, XTX Topco Ltd increased its holdings in shares of DHI Group by 484.2% in the fourth quarter. XTX Topco Ltd now owns 111,299 shares of the technology company's stock worth $173,000 after acquiring an additional 92,249 shares in the last quarter. Institutional investors own 69.26% of the company's stock.

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.

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