StockNews.com Upgrades DHI Group (NYSE:DHX) to Buy

DHI Group (NYSE:DHXGet Rating) was upgraded by StockNews.com from a “hold” rating to a “buy” rating in a research note issued on Tuesday.

DHX has been the subject of a number of other reports. TheStreet upgraded DHI Group from a “c” rating to a “b-” rating in a report on Wednesday, February 9th. Zacks Investment Research upgraded DHI Group from a “sell” rating to a “hold” rating in a report on Thursday, February 10th. One research analyst has rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Buy” and an average price target of $7.08.

Shares of NYSE DHX traded down $0.23 during trading on Tuesday, hitting $5.15. The company had a trading volume of 215,260 shares, compared to its average volume of 256,620. The firm has a 50-day moving average of $5.83. The company has a debt-to-equity ratio of 0.20, a quick ratio of 0.39 and a current ratio of 0.39. DHI Group has a 52 week low of $2.75 and a 52 week high of $6.62. The company has a market cap of $254.54 million, a P/E ratio of -8.05, a P/E/G ratio of 3.99 and a beta of 1.34.

DHI Group (NYSE:DHXGet Rating) last issued its earnings results on Tuesday, February 8th. The technology company reported $0.01 EPS for the quarter, meeting analysts’ consensus estimates of $0.01. The firm had revenue of $33.75 million for the quarter, compared to the consensus estimate of $32.21 million. DHI Group had a positive return on equity of 1.28% and a negative net margin of 23.63%. During the same quarter in the previous year, the company posted $0.03 earnings per share. As a group, equities research analysts expect that DHI Group will post 0.06 earnings per share for the current fiscal year.

DHI Group declared that its board has approved a share repurchase program on Tuesday, February 15th that allows the company to buyback $15.00 million in shares. This buyback authorization allows the technology company to buy up to 5.2% of its shares through open market purchases. Shares buyback programs are generally a sign that the company’s board believes its shares are undervalued.

A number of hedge funds have recently modified their holdings of DHX. Qube Research & Technologies Ltd bought a new stake in shares of DHI Group during the 4th quarter valued at about $242,000. O Shaughnessy Asset Management LLC bought a new position in DHI Group during the third quarter valued at $106,000. Assenagon Asset Management S.A. bought a new position in DHI Group during the fourth quarter valued at $2,087,000. Dimensional Fund Advisors LP grew its holdings in DHI Group by 0.8% during the third quarter. Dimensional Fund Advisors LP now owns 3,701,695 shares of the technology company’s stock valued at $17,619,000 after purchasing an additional 27,891 shares during the period. Finally, Two Sigma Advisers LP boosted its holdings in shares of DHI Group by 418.0% in the third quarter. Two Sigma Advisers LP now owns 164,200 shares of the technology company’s stock worth $782,000 after acquiring an additional 132,500 shares during the period. Institutional investors and hedge funds own 72.56% of the company’s stock.

About DHI Group (Get Rating)

DHI Group, Inc provides data, insights, and employment connections through specialized services for technology professionals in the United States, the United Kingdom, rest of Europe, the Middle East, Africa, the Asia Pacific, and internationally. The company operates Dice that offers job postings of technology and non-technology companies for industries, such as positions for software engineers, big data professionals, systems administrators, database specialists, project managers, and other technology and engineering professionals; and ClearanceJobs, an Internet-based career network, which matches security-cleared professionals with hiring companies searching for employees.

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