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

Key Points

• Lake Street Capital upgraded DHI Group from “hold” to “buy” and set a $5.00 price target, implying approximately 20.9% upside from the reported $4.13 share price.
• Analyst sentiment is generally positive, with MarketBeat reporting a “Moderate Buy” consensus rating and an average price target of $6.50, despite one “sell” rating.
• DHI Group exceeded quarterly expectations, posting $0.09 in earnings per share versus a $0.04 consensus estimate and revenue of $31.34 million versus $30.88 million expected.

DHI Group (NYSE:DHX - Get Free Report) was upgraded by analysts at Lake Street Capital from a "hold" rating to a "buy" rating in a report released on Thursday. The firm presently has a $5.00 target price on the technology company's stock. Lake Street Capital's target price suggests a potential upside of 20.92% from the company's current price.

Several other research analysts have also recently commented on DHX. Barrington Research reiterated an "outperform" rating and issued a $10.00 price target on shares of DHI Group in a research note on Monday, May 18th. Wall Street Zen upgraded DHI Group from a "hold" rating to a "strong-buy" rating in a report on Saturday, May 9th. Weiss Ratings lowered DHI Group from a "sell (d)" rating to a "sell (d-)" rating in a research report on Monday, May 18th. B. Riley Financial initiated coverage on DHI Group in a research note on Thursday, May 14th. They set a "buy" rating and a $4.50 target price for the company. Finally, Zacks Research raised shares of DHI Group from a "hold" rating to a "strong-buy" rating in a research report on Wednesday, July 8th. One equities research analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating and one has given a Sell rating to the company. According to data from MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus target price of $6.50.

DHI Group Stock Down 0.1%

DHX opened at $4.13 on Thursday. The firm has a 50 day moving average price of $3.82 and a 200 day moving average price of $3.07. The company has a market cap of $178.63 million, a PE ratio of -82.68 and a beta of 1.21. DHI Group has a 1 year low of $1.44 and a 1 year high of $4.36. The company has a debt-to-equity ratio of 0.36, a quick ratio of 0.44 and a current ratio of 0.44.

DHI Group (NYSE:DHX - Get Free Report) last released its quarterly earnings results on Wednesday, August 5th. The technology company reported $0.09 earnings per share for the quarter, topping analysts' consensus estimates of $0.04 by $0.05. DHI Group had a positive return on equity of 11.60% and a negative net margin of 1.78%.The firm had revenue of $31.34 million during the quarter, compared to analysts' expectations of $30.88 million. Sell-side analysts expect that DHI Group will post 0.24 earnings per share for the current year.

Insider Activity

In other DHI Group news, Director Kathleen M. Swann sold 20,000 shares of the firm's stock in a transaction dated Monday, May 11th. The shares were sold at an average price of $3.83, for a total value of $76,600.00. Following the transaction, the director 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 legal filing with the SEC, which is available at this link. Also, Director Joseph G. Massaquoi, Jr. sold 26,611 shares of DHI Group stock in a transaction that occurred on Friday, May 8th. The shares were sold at an average price of $3.09, for a total value of $82,227.99. Following the completion of the transaction, the director owned 137,653 shares of the company's stock, valued at approximately $425,347.77. The trade was a 16.20% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 16.20% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Cubist Systematic Strategies LLC increased its position in DHI Group by 258.8% in the first quarter. Cubist Systematic Strategies LLC now owns 20,920 shares of the technology company's stock worth $29,000 after buying an additional 15,089 shares during the period. Prudential Financial Inc. acquired a new position in shares of DHI Group during the second quarter valued at $33,000. Invesco Ltd. bought a new position in shares of DHI Group during the second quarter worth about $45,000. Jacobs Levy Equity Management Inc. bought a new position in shares of DHI Group during the third quarter worth about $49,000. Finally, NewEdge Advisors LLC grew its position in shares of DHI Group by 122.3% during the first quarter. NewEdge Advisors LLC now owns 40,716 shares of the technology company's stock worth $57,000 after acquiring an additional 22,399 shares during 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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