DHI Group (NYSE:DHX) Raised to “Strong-Buy” at Zacks Research

DHI Group (NYSE:DHX) was upgraded by Zacks Research from a “hold” rating to a “strong-buy” rating in a research note issued to investors on Tuesday,Zacks.com reports.

Several other research analysts have also commented on DHX. Lake Street Capital restated a “hold” rating and issued a $2.50 price target (down previously from $3.00) on shares of DHI Group in a report on Tuesday, November 11th. Barrington Research reissued an “outperform” rating and issued a $10.00 target price on shares of DHI Group in a research note on Thursday, February 5th. Finally, Weiss Ratings reaffirmed a “sell (d)” rating on shares of DHI Group in a research report on Wednesday, January 21st. One investment analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating, one has issued a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, DHI Group has a consensus rating of “Moderate Buy” and a consensus target price of $6.25.

DHI Group Price Performance

DHX stock opened at $2.39 on Tuesday. The company has a market cap of $112.48 million, a PE ratio of -7.95 and a beta of 1.48. The company has a current ratio of 0.44, a quick ratio of 0.43 and a debt-to-equity ratio of 0.32. The stock has a 50-day moving average price of $1.73 and a two-hundred day moving average price of $2.15. DHI Group has a 12-month low of $1.21 and a 12-month high of $3.34.

DHI Group (NYSE:DHX) last released its quarterly earnings data on Monday, November 10th. The technology company reported $0.09 EPS for the quarter, topping analysts’ consensus estimates of $0.06 by $0.03. DHI Group had a positive return on equity of 10.91% and a negative net margin of 10.26%.The company had revenue of $32.12 million for the quarter, compared to the consensus estimate of $31.19 million. As a group, research analysts predict that DHI Group will post 0.11 EPS for the current year.

DHI Group announced that its board has initiated a share repurchase plan on Thursday, November 6th that permits the company to buyback $5.00 million in outstanding shares. This buyback authorization permits the technology company to reacquire up to 5.7% of its stock through open market purchases. Stock buyback plans are typically a sign that the company’s leadership believes its stock is undervalued.

Institutional Investors Weigh In On DHI Group

A number of large investors have recently added to or reduced their stakes in the company. 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. Prudential Financial Inc. acquired a new stake in shares of DHI Group during the second quarter valued at about $33,000. Invesco Ltd. purchased a new stake in shares of DHI Group during the second quarter worth about $45,000. Jacobs Levy Equity Management Inc. purchased a new stake in shares of DHI Group during the third quarter worth about $49,000. Finally, NewEdge Advisors LLC lifted its stake in shares of DHI Group by 122.3% in the first quarter. NewEdge Advisors LLC now owns 40,716 shares of the technology company’s stock worth $57,000 after acquiring an additional 22,399 shares in the last quarter. 69.26% of the stock is owned by institutional investors and hedge funds.

DHI Group Company Profile

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.