Downgrades DHI Group (NYSE:DHX) to Hold

DHI Group (NYSE:DHXGet Rating) was downgraded by from a “buy” rating to a “hold” rating in a research note issued to investors on Wednesday.

Other equities analysts also recently issued research reports about the company. Zacks Investment Research raised DHI Group from a “sell” rating to a “hold” rating in a report on Thursday, February 10th. TheStreet raised shares of DHI Group from a “c” rating to a “b-” rating in a research note on Wednesday, February 9th. Two investment analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Buy” and a consensus price target of $7.08.

Shares of NYSE:DHX opened at $5.34 on Wednesday. The stock’s 50 day moving average is $5.77. The stock has a market capitalization of $263.93 million, a price-to-earnings ratio of -8.34 and a beta of 1.30. DHI Group has a one year low of $2.75 and a one year high of $6.62. The company has a current ratio of 0.39, a quick ratio of 0.39 and a debt-to-equity ratio of 0.20.

DHI Group (NYSE:DHXGet Rating) last issued its quarterly earnings data on Tuesday, February 8th. The technology company reported $0.01 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.01. DHI Group had a positive return on equity of 1.28% and a negative net margin of 23.63%. The firm had revenue of $33.75 million during the quarter, compared to analysts’ expectations of $32.21 million. During the same period in the prior year, the business posted $0.03 EPS. On average, sell-side analysts expect that DHI Group will post 0.03 EPS for the current fiscal year.

DHI Group announced that its Board of Directors has authorized a share buyback plan on Tuesday, February 15th that permits the company to repurchase $15.00 million in shares. This repurchase authorization permits the technology company to purchase up to 5.2% of its shares through open market purchases. Shares repurchase plans are usually a sign that the company’s management believes its stock is undervalued.

Institutional investors and hedge funds have recently bought and sold shares of the stock. City State Bank purchased a new position in DHI Group during the 4th quarter valued at about $26,000. LPL Financial LLC purchased a new position in shares of DHI Group in the third quarter valued at approximately $52,000. Cubist Systematic Strategies LLC acquired a new position in shares of DHI Group in the fourth quarter valued at approximately $74,000. JPMorgan Chase & Co. increased its stake in DHI Group by 19,667.2% during the 4th quarter. JPMorgan Chase & Co. now owns 12,058 shares of the technology company’s stock worth $75,000 after buying an additional 11,997 shares during the period. Finally, Counterpoint Mutual Funds LLC purchased a new stake in DHI Group during the 1st quarter worth approximately $87,000. 74.00% of the stock is currently owned by hedge funds and other institutional investors.

DHI Group Company Profile (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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