Weiss Ratings Reaffirms Sell (D) Rating for DHI Group (NYSE:DHX)

Key Points

• Weiss Ratings has reaffirmed its "sell (d)" rating for DHI Group (NYSE:DHX), reflecting ongoing concerns about the company's stock performance.
• Analysts from Lake Street Capital and Zacks Research have downgraded DHI Group, with target prices ranging from $3.00 to $4.50, indicating a consensus rating of "Hold".
• DHI Group's stock recently traded at $2.41, a decrease of 0.8%, with institutional investors holding 69.26% of the company's shares.

DHI Group (NYSE:DHX - Get Free Report)'s stock had its "sell (d)" rating reissued by analysts at Weiss Ratings in a research note issued on Wednesday,Weiss Ratings reports.

A number of other research firms also recently commented on DHX. Lake Street Capital downgraded shares of DHI Group from a "buy" rating to a "hold" rating and set a $3.00 target price for the company. in a research report on Thursday, August 7th. Zacks Research cut shares of DHI Group from a "strong-buy" rating to a "hold" rating in a research note on Monday. Two analysts have rated the stock with a Buy rating, two have given a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, the stock has an average rating of "Hold" and a consensus target price of $4.50.

DHI Group Trading Down 0.8%

DHX stock traded down $0.02 during trading on Wednesday, reaching $2.41. The company had a trading volume of 3,375,598 shares, compared to its average volume of 158,651. DHI Group has a 52 week low of $1.21 and a 52 week high of $3.34. The company has a market cap of $115.70 million, a P/E ratio of -11.48 and a beta of 1.53. The business has a 50 day moving average of $2.70 and a 200 day moving average of $2.32. The company has a debt-to-equity ratio of 0.29, a current ratio of 0.42 and a quick ratio of 0.42.

Institutional Trading of DHI Group

Institutional investors have recently modified their holdings of the stock. Prudential Financial Inc. acquired a new position in DHI Group during the second quarter worth about $33,000. Invesco Ltd. purchased a new stake in shares of DHI Group in the 2nd quarter valued at approximately $45,000. Cubist Systematic Strategies LLC increased its stake in DHI Group by 258.8% during the 1st 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. Panagora Asset Management Inc. purchased a new stake in DHI Group during the 2nd quarter worth approximately $68,000. Finally, Ritholtz Wealth Management acquired a new position in DHI Group during the 1st quarter worth approximately $37,000. Institutional investors and hedge funds own 69.26% of the company's stock.

About DHI Group

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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