DHI Group, Inc. (NYSE:DHX) Receives $5.83 Consensus Target Price from Analysts

DHI Group, Inc. (NYSE:DHX) has been assigned an average recommendation of “Moderate Buy” from the five brokerages that are covering the stock, Marketbeat.com reports. One investment analyst has rated the stock with a sell recommendation, one has issued a hold recommendation, two have issued a buy recommendation and one has assigned a strong buy recommendation to the company. The average 12-month price objective among brokers that have covered the stock in the last year is $5.8333.

Several equities research analysts recently issued reports on DHX shares. Weiss Ratings cut DHI Group from a “sell (d)” rating to a “sell (d-)” rating in a report on Monday, May 18th. Lake Street Capital reissued a “hold” rating and set a $3.00 target price on shares of DHI Group in a report on Wednesday, May 6th. B. Riley Financial initiated coverage on DHI Group in a research report on Thursday, May 14th. They issued a “buy” rating and a $4.50 target price on the stock. Zacks Research raised DHI Group from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, July 8th. Finally, Wall Street Zen upgraded DHI Group from a “hold” rating to a “strong-buy” rating in a research report on Saturday, May 9th.

Insiders Place Their Bets

In other news, Director Joseph G. Massaquoi, Jr. sold 26,611 shares of the company’s stock in a transaction on Friday, May 8th. The shares were sold at an average price of $3.09, for a total transaction of $82,227.99. Following the completion of the sale, the director owned 137,653 shares of the company’s stock, valued at $425,347.77. This represents a 16.20% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Kathleen M. Swann sold 20,000 shares of the stock in a transaction dated Monday, May 11th. The shares were sold at an average price of $3.83, for a total transaction of $76,600.00. Following the completion of the sale, the director owned 193,154 shares of the company’s stock, valued at $739,779.82. This trade represents a 9.38% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Company insiders own 16.20% of the company’s stock.

Hedge Funds Weigh In On DHI Group

Institutional investors and hedge funds have recently bought and sold shares of the business. Prescott Group Capital Management L.L.C. purchased a new position in DHI Group during the fourth quarter worth approximately $299,000. North Star Investment Management Corp. acquired a new position in DHI Group during the first quarter worth $801,000. Assenagon Asset Management S.A. boosted its stake in DHI Group by 535.2% during the first quarter. Assenagon Asset Management S.A. now owns 288,135 shares of the technology company’s stock worth $810,000 after buying an additional 242,771 shares during the last quarter. Pacific Ridge Capital Partners LLC grew its holdings in DHI Group by 10.6% in the 4th quarter. Pacific Ridge Capital Partners LLC now owns 3,438,349 shares of the technology company’s stock valued at $5,329,000 after buying an additional 329,214 shares in the last quarter. Finally, Empowered Funds LLC grew its holdings in DHI Group by 13.9% in the 1st quarter. Empowered Funds LLC now owns 75,295 shares of the technology company’s stock valued at $212,000 after buying an additional 9,192 shares in the last quarter. 69.26% of the stock is currently owned by institutional investors and hedge funds.

DHI Group Stock Down 4.8%

DHX stock opened at $4.01 on Tuesday. The stock has a market capitalization of $173.06 million, a P/E ratio of -80.10 and a beta of 1.24. The firm has a 50-day simple moving average of $3.80 and a 200-day simple moving average of $3.04. The company has a quick ratio of 0.44, a current ratio of 0.44 and a debt-to-equity ratio of 0.36. DHI Group has a 52 week low of $1.44 and a 52 week high of $4.36.

DHI Group (NYSE:DHX) last released its quarterly earnings results on Tuesday, May 5th. The technology company reported $0.08 earnings per share for the quarter, topping the consensus estimate of $0.04 by $0.04. The firm had revenue of $29.69 million during the quarter, compared to the consensus estimate of $29.05 million. DHI Group had a negative net margin of 1.78% and a positive return on equity of 11.60%. Equities analysts forecast that DHI Group will post 0.24 earnings per share for the current fiscal year.

About DHI Group

DHI Group, Inc (NYSE: DHX) is a specialized professional recruitment and career development company that operates digital platforms connecting technology and security-cleared professionals with employers worldwide. Founded in 1990 as a niche job board for technology talent, the company completed its initial public offering in 2007 and trades on the New York Stock Exchange under the ticker symbol DHX.

The company’s primary offerings include Dice.com, a careers platform designed for technology professionals, and ClearanceJobs, a specialized service catering to candidates holding U.S.