DHI Group (NYSE:DHX) Stock Rating Lowered by Lake Street Capital

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.

DHI Group (NYSE:DHX - Get Free Report) was downgraded by analysts at Lake Street Capital from a "buy" rating to a "hold" rating in a research report issued to clients and investors on Thursday,Briefing.com Automated Import reports. They presently have a $3.00 price objective on the technology company's stock. Lake Street Capital's target price suggests a potential upside of 10.09% from the stock's previous close.

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

DHI Group Stock Down 3.0%

Shares of NYSE DHX opened at $2.73 on Thursday. The company has a 50 day simple moving average of $2.69 and a 200-day simple moving average of $2.24. The company has a market capitalization of $132.84 million, a P/E ratio of -16.03 and a beta of 1.48. The company has a debt-to-equity ratio of 0.32, a current ratio of 0.47 and a quick ratio of 0.47. DHI Group has a 1 year low of $1.21 and a 1 year high of $3.34.

DHI Group (NYSE:DHX - Get Free Report) last announced its quarterly earnings results on Wednesday, May 7th. The technology company reported $0.04 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.01 by $0.03. The business had revenue of $32.30 million during the quarter, compared to the consensus estimate of $32.23 million. DHI Group had a negative net margin of 5.49% and a positive return on equity of 9.22%. On average, equities research analysts predict that DHI Group will post 0.11 earnings per share for the current year.

Hedge Funds Weigh In On DHI Group

Large investors have recently made changes to their positions in the stock. AWM Investment Company Inc. grew its holdings in shares of DHI Group by 17.2% in the fourth quarter. AWM Investment Company Inc. now owns 681,000 shares of the technology company's stock valued at $1,205,000 after purchasing an additional 100,000 shares in the last quarter. Goldman Sachs Group Inc. grew its holdings in shares of DHI Group by 37.6% in the first quarter. Goldman Sachs Group Inc. now owns 316,808 shares of the technology company's stock valued at $440,000 after purchasing an additional 86,631 shares in the last quarter. Acadian Asset Management LLC raised its holdings in DHI Group by 5.6% in the first quarter. Acadian Asset Management LLC now owns 1,562,060 shares of the technology company's stock valued at $2,168,000 after acquiring an additional 82,456 shares in the last quarter. OMERS ADMINISTRATION Corp acquired a new stake in DHI Group in the first quarter valued at approximately $105,000. Finally, Jane Street Group LLC raised its holdings in DHI Group by 229.4% in the first quarter. Jane Street Group LLC now owns 96,005 shares of the technology company's stock valued at $133,000 after acquiring an additional 66,861 shares in the last quarter. 69.26% of the stock is currently owned by institutional investors and hedge funds.

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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