Zacks Research Upgrades DHI Group (NYSE:DHX) to Strong-Buy

DHI Group (NYSE:DHX) was upgraded by equities researchers at Zacks Research from a “hold” rating to a “strong-buy” rating in a report issued on Wednesday,Zacks.com reports.

Other equities analysts also recently issued research reports about the stock. B. Riley Financial began coverage on shares of DHI Group in a report on Thursday, May 14th. They set a “buy” rating and a $4.50 target price on the stock. Lake Street Capital reaffirmed a “hold” rating and set a $3.00 price target on shares of DHI Group in a research report on Wednesday, May 6th. Wall Street Zen upgraded DHI Group from a “hold” rating to a “strong-buy” rating in a report on Saturday, May 9th. Weiss Ratings lowered DHI Group from a “sell (d)” rating to a “sell (d-)” rating in a research report on Monday, May 18th. Finally, Barrington Research restated an “outperform” rating and set a $10.00 price objective on shares of DHI Group in a research note on Monday, May 18th. One analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating, one has assigned a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $5.83.

DHI Group Trading Up 2.6%

NYSE DHX opened at $4.00 on Wednesday. DHI Group has a one year low of $1.44 and a one year high of $4.32. The company’s 50 day moving average price is $3.59 and its 200 day moving average price is $2.75. The company has a debt-to-equity ratio of 0.36, a quick ratio of 0.44 and a current ratio of 0.44. The firm has a market capitalization of $172.89 million, a price-to-earnings ratio of -80.02 and a beta of 1.24.

DHI Group (NYSE:DHX) last announced its quarterly earnings results on Tuesday, May 5th. The technology company reported $0.08 earnings per share for the quarter, beating analysts’ consensus estimates of $0.04 by $0.04. DHI Group had a negative net margin of 1.78% and a positive return on equity of 11.60%. The firm had revenue of $29.69 million for the quarter, compared to analysts’ expectations of $29.05 million. On average, sell-side analysts predict that DHI Group will post 0.24 EPS for the current year.

Insider Buying and Selling at DHI Group

In related news, Director Joseph G. Massaquoi, Jr. sold 26,611 shares of DHI Group 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 sale, the director owned 137,653 shares of the company’s stock, valued at $425,347.77. The trade was a 16.20% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Kathleen M. Swann sold 20,000 shares of the business’s stock in a transaction on Monday, May 11th. The stock was sold at an average price of $3.83, for a total transaction of $76,600.00. Following the completion of the transaction, the director owned 193,154 shares in the company, valued at $739,779.82. This represents a 9.38% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. 16.20% of the stock is currently owned by corporate insiders.

Institutional Trading of DHI Group

Large investors have recently modified their holdings of the business. Prudential Financial Inc. purchased a new stake in shares of DHI Group during the second quarter worth about $33,000. Invesco Ltd. acquired a new position in shares of DHI Group in the second quarter worth about $45,000. Jacobs Levy Equity Management Inc. acquired a new position in shares of DHI Group in the third quarter worth about $49,000. Cubist Systematic Strategies LLC boosted its holdings in DHI Group by 258.8% in the first quarter. Cubist Systematic Strategies LLC now owns 20,920 shares of the technology company’s stock valued at $29,000 after purchasing an additional 15,089 shares during the last quarter. Finally, JPMorgan Chase & Co. boosted its holdings in DHI Group by 1,940.5% in the third quarter. JPMorgan Chase & Co. now owns 21,078 shares of the technology company’s stock valued at $59,000 after purchasing an additional 20,045 shares during the last quarter. 69.26% of the stock is currently 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.