Avondale Partners Downgrades DHI Group Inc. (DHX) to Market Perform
DHI Group Inc. (NYSE:DHX) was downgraded by research analysts at Avondale Partners from an “outperform” rating to a “market perform” rating in a research report issued on Monday.
Several other research firms have also recently commented on DHX. Cantor Fitzgerald reaffirmed a “hold” rating on shares of DHI Group in a research report on Friday, September 2nd. B. Riley reaffirmed a “neutral” rating and issued a $8.25 price objective on shares of DHI Group in a research report on Saturday, July 30th. Finally, Zacks Investment Research raised shares of DHI Group from a “sell” rating to a “hold” rating in a research report on Thursday, August 11th. Four research analysts have rated the stock with a hold rating and one has given a buy rating to the stock. The stock currently has an average rating of “Hold” and a consensus price target of $8.94.
Shares of DHI Group (NYSE:DHX) opened at 6.15 on Monday. DHI Group has a 12 month low of $5.99 and a 12 month high of $10.48. The firm’s market capitalization is $308.04 million. The stock 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 announced 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 company had revenue of $57.70 million for the quarter, compared to analysts’ expectations of $58.67 million. DHI Group had a negative net margin of 6.41% and a positive return on equity of 14.81%. The business’s quarterly revenue was down 6.8% compared to the same quarter last year. During the same period last year, the firm posted $0.11 earnings per share. On average, analysts expect that DHI Group will post $0.43 earnings per share for the current year.
In other news, insider Shravan Goli sold 16,875 shares of the company’s stock in a transaction that occurred on Wednesday, September 7th. The shares were sold at an average price of $8.01, for a total transaction of $135,168.75. Following the completion of the sale, the insider now owns 163,019 shares of the company’s stock, valued at approximately $1,305,782.19. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Insiders own 7.20% of the company’s stock.
A number of institutional investors have recently modified their holdings of DHX. Prudential Financial Inc. increased its position in shares of DHI Group by 114.0% in the first quarter. Prudential Financial Inc. now owns 265,777 shares of the company’s stock valued at $2,145,000 after buying an additional 141,574 shares during the last quarter. Menta Capital LLC increased its position in shares of DHI Group by 4.9% in the first quarter. Menta Capital LLC now owns 87,572 shares of the company’s stock valued at $707,000 after buying an additional 4,100 shares during the last quarter. Systematic Financial Management LP increased its position in shares of DHI Group by 33.4% in the second quarter. Systematic Financial Management LP now owns 222,462 shares of the company’s stock valued at $1,385,000 after buying an additional 55,735 shares during the last quarter. Dynamic Technology Lab Private Ltd increased its position in shares of DHI Group by 215.9% in the second quarter. Dynamic Technology Lab Private Ltd now owns 53,924 shares of the company’s stock valued at $336,000 after buying an additional 36,852 shares during the last quarter. Finally, Chubb Ltd. bought a new position in shares of DHI Group during the first quarter valued at approximately $2,519,000. 88.13% of the stock is 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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