DHI Group (NYSE:DHX) Downgraded by Lake Street Capital to Hold

Key Points

• DHI Group has been downgraded from a "buy" rating to a "hold" rating by Lake Street Capital, with a new price target of $3.00, suggesting a potential upside of 10.09% from its previous close.
• The company's stock is currently down 3.0%, opening at $2.73, and it has a market capitalization of $132.84 million.
• DHI Group reported $0.04 earnings per share for the last quarter, exceeding analysts' estimates, with a revenue of $32.30 million.

Lake Street Capital cut shares of DHI Group (NYSE:DHX - Free Report) from a buy rating to a hold rating in a research note released on Thursday, Marketbeat reports. The firm currently has $3.00 price target on the technology company's stock.

Separately, Wall Street Zen lowered DHI Group from a "buy" rating to a "hold" rating in a research report on Friday, May 16th.

DHI Group Price Performance

Shares of NYSE DHX traded down $0.24 during trading hours on Thursday, reaching $2.19. 62,252 shares of the stock traded hands, compared to its average volume of 142,007. The company has a market capitalization of $104.90 million, a P/E ratio of -10.40 and a beta of 1.48. The company has a quick ratio of 0.42, a current ratio of 0.42 and a debt-to-equity ratio of 0.29. DHI Group has a 52-week low of $1.21 and a 52-week high of $3.34. The company's 50-day simple moving average is $2.71 and its two-hundred day simple moving average is $2.24.

Institutional Trading of DHI Group

A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. Geode Capital Management LLC grew its position in shares of 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 in the last quarter. Northern Trust Corp lifted its stake in shares of DHI Group by 7.0% in the 4th quarter. Northern Trust Corp now owns 77,687 shares of the technology company's stock valued at $138,000 after purchasing an additional 5,090 shares during the last quarter. CWC Advisors LLC. lifted its stake in shares of DHI Group by 2.6% in the 2nd quarter. CWC Advisors LLC. now owns 241,739 shares of the technology company's stock valued at $718,000 after purchasing an additional 6,136 shares during the last quarter. Gagnon Securities LLC lifted its stake in shares of DHI Group by 15.0% during the 1st quarter. Gagnon Securities LLC now owns 57,244 shares of the technology company's stock worth $80,000 after acquiring an additional 7,460 shares during the last quarter. Finally, Ritholtz Wealth Management lifted its stake in shares of DHI Group by 38.1% during the 2nd quarter. Ritholtz Wealth Management now owns 37,250 shares of the technology company's stock worth $111,000 after acquiring an additional 10,285 shares during the last quarter. 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.