DHI Group Inc. (DHX) Stock Rating Lowered by Zacks Investment Research
DHI Group Inc. (NYSE:DHX) was downgraded by Zacks Investment Research from a “hold” rating to a “sell” rating in a note issued to investors on Wednesday.
According to Zacks, “DHI Group, Inc. offer specialized websites which focused on select professional communities. The Company’s operating segment consists of Tech & Clearance, Finance, Energy, Healthcare, Hospitality and Corporate & Other. Tech & Clearance segment consists of the Dice.com, ClearanceJobs.com and The IT Job Board services as well as related career fairs. Finance segment represents the eFinancialCareers service. Energy reporting segment provides the Rigzone service and related career fairs. Healthcare segment includes HEALTHeCAREERS, Health Callings and BioSpace. Hospitality segment includes Hcareers and the Corporate. Other reporting segment consists of Slashdot Media, WorkDigital and corporate-related costs. DHI Group, Inc., formerly known as Dice Holdings, Inc., is headquartered in New York. “
DHX has been the subject of a number of other reports. Avondale Partners cut DHI Group from an “outperform” rating to a “market perform” rating in a report on Monday. Cantor Fitzgerald restated a “hold” rating on shares of DHI Group in a report on Friday, September 2nd. Finally, B. Riley restated a “neutral” rating and set a $7.25 target price on shares of DHI Group in a report on Tuesday. One analyst has rated the stock with a sell rating, three have assigned a hold rating and one has assigned a buy rating to the company’s stock. DHI Group presently has an average rating of “Hold” and a consensus price target of $8.94.
Shares of DHI Group (NYSE:DHX) traded down 2.44% during midday trading on Wednesday, hitting $6.00. The stock had a trading volume of 423,848 shares. The stock’s market cap is $300.53 million. DHI Group has a one year low of $5.80 and a one year high of $10.48. The firm has a 50 day moving average price of $7.80 and a 200 day moving average price of $7.28.
DHI Group (NYSE:DHX) last released its quarterly earnings results on Wednesday, July 27th. The company reported $0.10 earnings per share for the quarter, topping analysts’ consensus estimates of $0.08 by $0.02. The business earned $57.70 million during the quarter, compared to analysts’ expectations of $58.67 million. DHI Group had a positive return on equity of 14.81% and a negative net margin of 6.41%. The company’s revenue was down 6.8% compared to the same quarter last year. During the same period in the prior year, the business posted $0.11 EPS. On average, equities analysts forecast that DHI Group will post $0.43 earnings per share for the current fiscal year.
In other DHI Group news, insider Shravan Goli sold 16,875 shares of the stock in a transaction dated Wednesday, September 7th. The stock was sold at an average price of $8.01, for a total value of $135,168.75. Following the sale, the insider now owns 163,019 shares of the company’s stock, valued at approximately $1,305,782.19. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. 7.20% of the stock is owned by company insiders.
Several large investors have recently modified their holdings of DHX. KCG Holdings Inc. acquired a new stake in shares of DHI Group during the second quarter valued at $115,000. Thrivent Financial for Lutherans raised its stake in shares of DHI Group by 6.0% in the second quarter. Thrivent Financial for Lutherans now owns 19,970 shares of the company’s stock valued at $124,000 after buying an additional 1,130 shares during the period. Arizona State Retirement System raised its stake in shares of DHI Group by 0.9% in the second quarter. Arizona State Retirement System now owns 21,561 shares of the company’s stock valued at $134,000 after buying an additional 200 shares during the period. Princeton Alpha Management LP raised its stake in shares of DHI Group by 114.3% in the second quarter. Princeton Alpha Management LP now owns 22,826 shares of the company’s stock valued at $142,000 after buying an additional 12,174 shares during the period. Finally, BlackRock Advisors LLC raised its stake in shares of DHI Group by 19.9% in the second quarter. BlackRock Advisors LLC now owns 23,757 shares of the company’s stock valued at $148,000 after buying an additional 3,949 shares during the period. 88.13% of the stock is currently owned by institutional investors and hedge funds.
About DHI Group
DHI Group, Inc formerly Dice Holdings, Inc is a provider of specialized Websites focused on select professional communities. The Company’s segments include Tech & Clearance, Finance, Energy, Healthcare and Hospitality. Its online communities enable professionals to manage their careers by finding relevant job opportunities and by building their knowledge through original and community-shared content.
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