DHI Group (NYSE:DHX) Stock Crosses Above 200 Day Moving Average - Time to Sell?

Key Points

• DHI Group shares crossed above their 200-day moving average, reaching $4.88 and last trading near $4.84, compared with a 200-day average of $3.77.
• Analyst sentiment is moderately bullish: three analysts rate the stock a Buy and two a Hold, with an average price target of $6.75.
• DHI Group exceeded quarterly expectations, reporting $0.09 in EPS versus a $0.04 estimate and $31.34 million in revenue; institutional investors own approximately 69.26% of the stock.

Shares of DHI Group, Inc. (NYSE:DHX - Get Free Report) crossed above its 200-day moving average during trading on Wednesday. The stock has a 200-day moving average of $3.77 and traded as high as $4.88. DHI Group shares last traded at $4.8420, with a volume of 155,146 shares.

Wall Street Analyst Weigh In

DHX has been the topic of a number of research reports. B. Riley Financial upped their price target on shares of DHI Group from $4.50 to $5.25 and gave the company a "buy" rating in a research note on Thursday, August 6th. Lake Street Capital upgraded DHI Group from a "hold" rating to a "buy" rating and set a $5.00 price objective for the company in a report on Thursday, August 6th. Zacks Research downgraded DHI Group from a "strong-buy" rating to a "hold" rating in a research report on Thursday, August 6th. Finally, Weiss Ratings upgraded DHI Group from a "sell (d-)" rating to a "hold (c-)" rating in a research note on Wednesday, August 12th. Three analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average target price of $6.75.

DHI Group Stock Up 2.2%

The stock's fifty day simple moving average is $4.42 and its 200-day simple moving average is $3.77. The stock has a market cap of $210.24 million, a P/E ratio of 161.45 and a beta of 1.24. The company has a debt-to-equity ratio of 0.34, a quick ratio of 0.44 and a current ratio of 0.44.

DHI Group (NYSE:DHX - Get Free Report) last announced its earnings results on Wednesday, August 5th. The technology company reported $0.09 EPS for the quarter, topping the consensus estimate of $0.04 by $0.05. The company had revenue of $31.34 million for the quarter, compared to analysts' expectations of $30.88 million. DHI Group had a net margin of 0.97% and a return on equity of 13.01%. As a group, research analysts forecast that DHI Group, Inc. will post 0.27 earnings per share for the current fiscal year.

Institutional Trading of DHI Group

A number of institutional investors have recently modified their holdings of DHX. Keel Point LLC bought a new position in shares of DHI Group in the first quarter worth $123,000. Walleye Capital LLC bought a new stake in DHI Group during the second quarter worth about $172,000. Bank of America Corp DE bought a new position in DHI Group in the 2nd quarter valued at about $189,000. Hsbc Holdings PLC bought a new position in DHI Group in the 2nd quarter valued at about $206,000. Finally, OMERS ADMINISTRATION Corp acquired a new position in shares of DHI Group in the 1st quarter valued at approximately $166,000. 69.26% of the stock is currently owned by institutional investors.

DHI Group Company Profile

DHI Group, Inc is a specialized career marketplace and recruiting-services company that connects employers with professionals in technology and national security. Its platforms support job advertising, candidate search, employer branding, recruitment marketing, and related hiring activities.

The company's principal brands include Dice, which focuses on technology professionals and technology-related employment opportunities, and ClearanceJobs, which serves professionals who hold or seek U.S.

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