DHI Group (NYSE:DHX) Shares Break Above 50-Day Moving Average - Here's What Happened

Key Points

• DHI Group shares rose 5.2%, trading as high as $4.84 and moving above their 50-day moving average of $4.69. The stock last traded at $4.7570 on volume of 651,402 shares.
• Analyst sentiment is generally positive: three analysts rate DHX a Buy and two rate it Hold, producing a “Moderate Buy” consensus and an average price target of $6.75.
• DHI Group exceeded quarterly expectations, reporting $0.09 in EPS versus the $0.04 consensus and revenue of $31.34 million versus estimates of $30.88 million. Institutional investors own 69.26% of the company.

DHI Group, Inc. (NYSE:DHX - Get Free Report) crossed above its fifty day moving average during trading on Monday. The stock has a fifty day moving average of $4.69 and traded as high as $4.84. DHI Group shares last traded at $4.7570, with a volume of 651,402 shares.

Wall Street Analyst Weigh In

A number of analysts have weighed in on DHX shares. Lake Street Capital upgraded shares of DHI Group from a "hold" rating to a "buy" rating and set a $5.00 target price on the stock in a research report on Thursday, August 6th. B. Riley Financial boosted their price objective on DHI Group from $4.50 to $5.25 and gave the stock a "buy" rating in a research report on Thursday, August 6th. Weiss Ratings raised DHI Group from a "hold (c-)" rating to a "hold (c)" rating in a report on Thursday, October 8th. Finally, Zacks Research downgraded DHI Group from a "strong-buy" rating to a "hold" rating in a research report on Thursday, August 6th. Three research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. According to data from MarketBeat.com, DHI Group currently has an average rating of "Moderate Buy" and an average price target of $6.75.

DHI Group Trading Up 5.2%

The firm's 50-day moving average is $4.69 and its 200 day moving average is $3.52. The company has a current ratio of 0.44, a quick ratio of 0.44 and a debt-to-equity ratio of 0.34. The firm has a market capitalization of $206.55 million, a price-to-earnings ratio of 158.62 and a beta of 1.24.

DHI Group (NYSE:DHX - Get Free Report) last posted its 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 net margin of 0.97% and a return on equity of 13.01%. The firm had revenue of $31.34 million for the quarter, compared to analyst estimates of $30.88 million. On average, equities analysts predict that DHI Group, Inc. will post 0.27 earnings per share for the current fiscal year.

Institutional Trading of DHI Group

Several institutional investors have recently modified their holdings of DHX. Keel Point LLC bought a new stake in shares of DHI Group in the 1st quarter valued at about $123,000. Walleye Capital LLC acquired a new stake in shares of DHI Group in the second quarter valued at about $172,000. Bank of America Corp DE bought a new position in shares of DHI Group during the second quarter worth about $189,000. Hsbc Holdings PLC bought a new position in shares of DHI Group during the second quarter worth about $206,000. Finally, OMERS ADMINISTRATION Corp bought a new position in shares of DHI Group during the first quarter worth about $166,000. Institutional investors own 69.26% of the company's stock.

About DHI Group

DHI Group, Inc NYSE: DHX is a provider of specialized career marketplaces and recruiting solutions. The company connects employers with highly skilled professionals, with a primary focus on technology and security-cleared talent.

Its principal brands include Dice, a career platform serving technology professionals and employers, and ClearanceJobs, a marketplace focused on professionals who hold or are eligible for U.S. government security clearances. The company's services include job postings, candidate sourcing, recruitment advertising, employer branding, and related data and analytics tools.

DHI Group was formerly known as Dice Holdings and adopted its current name in 2015.

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