DHI Group (NYSE:DHX) Stock Price Breaks Above Two Hundred Day Moving Average - Time to Sell?

Key Points

• DHI Group shares rose above their 200-day moving average, reaching $4.87 before closing at $4.75, compared with the 200-day average of $3.90.
• Analyst sentiment is generally positive: three analysts rate DHX a Buy and two rate it Hold, producing a “Moderate Buy” consensus and a $6.75 average price target.
• The company beat quarterly expectations with EPS of $0.09 versus a $0.04 estimate and revenue of $31.34 million, while institutional investors and hedge funds own 69.26% of outstanding shares.

DHI Group, Inc. (NYSE:DHX - Get Free Report) shares crossed above its 200-day moving average during trading on Monday. The stock has a 200-day moving average of $3.90 and traded as high as $4.87. DHI Group shares last traded at $4.75, with a volume of 201,144 shares traded.

Wall Street Analyst Weigh In

DHX has been the subject of several analyst reports. Weiss Ratings upgraded DHI Group from a "hold (c-)" rating to a "hold (c)" rating in a research report on Thursday, October 8th. Lake Street Capital raised DHI Group from a "hold" rating to a "buy" rating and set a $5.00 price target for the company in a research note on Thursday, August 6th. B. Riley Financial upped their price target on DHI Group from $4.50 to $5.25 and gave the company a "buy" rating in a research note on Thursday, August 6th. Finally, Zacks Research downgraded shares of 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 assigned a Hold rating to the company's stock. According to MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus price target of $6.75.

DHI Group Trading Down 2.1%

The business's 50-day moving average price is $4.56 and its two-hundred day moving average price is $3.90. The company has a market capitalization of $206.25 million, a P/E ratio of 158.39 and a beta of 1.24. The company has a debt-to-equity ratio of 0.34, a current ratio of 0.44 and a quick ratio of 0.44.

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

Institutional Inflows and Outflows

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

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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