DHI Group (NYSE:DHX) Stock Price Passes Above 200 Day Moving Average - Here's What Happened

Key Points

• DHI Group (NYSE:DHX) shares moved above their 200-day moving average, trading as high as $3.71 and last changing hands around $3.66, signaling recent bullish momentum.
• Analyst sentiment is mixed, with the stock carrying a consensus Hold rating and an average price target of $5.83; recent updates included new Buy and Strong-Buy calls as well as a downgrade to Hold.
• The company beat quarterly expectations, posting EPS of $0.08 versus the $0.04 estimate, and also has an active $10 million share repurchase program that may support the stock.

DHI Group, Inc. (NYSE:DHX - Get Free Report) crossed above its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of $2.34 and traded as high as $3.71. DHI Group shares last traded at $3.6630, with a volume of 176,990 shares changing hands.

Analysts Set New Price Targets

DHX has been the subject of several analyst reports. B. Riley Financial began coverage on DHI Group in a report on Thursday, May 14th. They issued a "buy" rating and a $4.50 target price for the company. Zacks Research downgraded DHI Group from a "strong-buy" rating to a "hold" rating in a report on Monday, April 6th. Barrington Research restated an "outperform" rating and issued a $10.00 price objective on shares of DHI Group in a research note on Monday, May 18th. Weiss Ratings lowered shares of DHI Group from a "sell (d)" rating to a "sell (d-)" rating in a research note on Monday, May 18th. Finally, Wall Street Zen raised shares of DHI Group from a "hold" rating to a "strong-buy" rating in a research report on Saturday, May 9th. Two investment analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has given a Sell rating to the company's stock. According to data from MarketBeat, DHI Group presently has a consensus rating of "Hold" and an average price target of $5.83.

DHI Group Stock Up 0.4%

The firm has a 50-day moving average price of $3.06 and a two-hundred day moving average price of $2.34. The company has a market capitalization of $158.24 million, a P/E ratio of -73.25 and a beta of 1.11. The company has a quick ratio of 0.44, a current ratio of 0.44 and a debt-to-equity ratio of 0.36.

DHI Group (NYSE:DHX - Get Free Report) last released its earnings results on Tuesday, May 5th. The technology company reported $0.08 EPS for the quarter, beating the consensus estimate of $0.04 by $0.04. DHI Group had a negative net margin of 1.78% and a positive return on equity of 11.60%. The firm had revenue of $29.69 million during the quarter, compared to analysts' expectations of $29.05 million. Equities research analysts anticipate that DHI Group, Inc. will post 0.24 EPS for the current fiscal year.

DHI Group declared that its Board of Directors has initiated a stock repurchase plan on Wednesday, February 4th that permits the company to buyback $10.00 million in outstanding shares. This buyback authorization permits the technology company to repurchase up to 12.6% of its stock through open market purchases. Stock buyback plans are usually a sign that the company's leadership believes its stock is undervalued.

Insider Buying and Selling

In related news, Director Kathleen M. Swann sold 20,000 shares of the firm's stock in a transaction on Monday, May 11th. The stock was sold at an average price of $3.83, for a total value of $76,600.00. Following the completion of the transaction, the director directly owned 193,154 shares of the company's stock, valued at $739,779.82. This trade represents a 9.38% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Joseph G. Massaquoi, Jr. sold 26,611 shares of DHI Group stock in a transaction on Friday, May 8th. The stock was sold at an average price of $3.09, for a total transaction of $82,227.99. Following the sale, the director owned 137,653 shares in the company, valued at $425,347.77. This represents a 16.20% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 16.20% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On DHI Group

A number of hedge funds have recently made changes to their positions in the business. Geode Capital Management LLC lifted its stake in DHI Group by 1.2% during the second quarter. Geode Capital Management LLC now owns 361,314 shares of the technology company's stock worth $1,073,000 after purchasing an additional 4,188 shares during the period. Empowered Funds LLC grew its stake in shares of DHI Group by 13.9% in the 1st quarter. Empowered Funds LLC now owns 75,295 shares of the technology company's stock valued at $212,000 after purchasing an additional 9,192 shares during the period. Sei Investments Co. grew its stake in shares of DHI Group by 22.3% in the 2nd quarter. Sei Investments Co. now owns 57,089 shares of the technology company's stock valued at $170,000 after purchasing an additional 10,426 shares during the period. Prudential Financial Inc. acquired a new position in shares of DHI Group in the 2nd quarter worth approximately $33,000. Finally, Assenagon Asset Management S.A. raised its holdings in shares of DHI Group by 36.4% in the 4th quarter. Assenagon Asset Management S.A. now owns 45,364 shares of the technology company's stock worth $70,000 after buying an additional 12,110 shares in the last quarter. Institutional investors and hedge funds 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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