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

Key Points

• DHI Group's stock has surpassed its 200-day moving average, reaching a trading high of $2.90, while it last traded at $2.73.
• Research analysts have mixed views on the stock, with ratings ranging from a "strong-buy" from Zacks Research to a "hold" from Lake Street Capital, and a consensus price target of $4.50.
• Institutional ownership is significant, with over 69% of the company's stock held by institutional investors and hedge funds, indicating strong institutional interest.

DHI Group, Inc. (NYSE:DHX - Get Free Report) passed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $2.27 and traded as high as $2.90. DHI Group shares last traded at $2.73, with a volume of 92,105 shares traded.

Analysts Set New Price Targets

Several research analysts have commented on the company. Zacks Research raised DHI Group from a "hold" rating to a "strong-buy" rating in a research report on Monday, August 18th. Lake Street Capital downgraded DHI Group from a "buy" rating to a "hold" rating and set a $3.00 price target on the stock. in a research report on Thursday, August 7th. One investment 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 stock. According to data from MarketBeat.com, DHI Group has a consensus rating of "Buy" and a consensus price target of $4.50.

DHI Group Price Performance

The company has a market cap of $131.07 million, a price-to-earnings ratio of -13.00 and a beta of 1.54. The company has a fifty day moving average price of $2.73 and a two-hundred day moving average price of $2.27. 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 Trading of DHI Group

Several institutional investors have recently modified their holdings of DHX. 22NW LP grew its holdings in shares of DHI Group by 26.7% during the 2nd 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 in the last quarter. Evergreen Capital Management LLC acquired a new stake in DHI Group in the 2nd quarter valued at $603,000. Goldman Sachs Group Inc. boosted its stake in DHI Group by 37.6% in the 1st quarter. Goldman Sachs Group Inc. now owns 316,808 shares of the technology company's stock valued at $440,000 after buying an additional 86,631 shares in the last quarter. Acadian Asset Management LLC boosted its stake in DHI Group by 5.6% in the 1st quarter. Acadian Asset Management LLC now owns 1,562,060 shares of the technology company's stock valued at $2,168,000 after buying an additional 82,456 shares in the last quarter. Finally, OMERS ADMINISTRATION Corp acquired a new stake in DHI Group in the 1st quarter valued at $105,000. Institutional investors and hedge funds 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.

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