DHI Group (NYSE:DHX) Cut to Hold at Lake Street Capital

Lake Street Capital downgraded shares of DHI Group (NYSE:DHX) from a buy rating to a hold rating in a research note published on Thursday morning, MarketBeat.com reports. The brokerage currently has $3.00 target price on the technology company’s stock.

Separately, Wall Street Zen lowered shares of DHI Group from a “buy” rating to a “hold” rating in a research note on Friday, May 16th.

DHI Group Stock Down 2.4%

Shares of NYSE:DHX opened at $2.43 on Thursday. DHI Group has a 12 month low of $1.21 and a 12 month high of $3.34. The company’s 50-day moving average price is $2.71 and its two-hundred day moving average price is $2.24. The company has a quick ratio of 0.47, a current ratio of 0.42 and a debt-to-equity ratio of 0.29. The firm has a market cap of $116.66 million, a P/E ratio of -11.57 and a beta of 1.48.

DHI Group (NYSE:DHX) last issued its quarterly earnings data on Wednesday, May 7th. The technology company reported $0.04 EPS for the quarter, topping analysts’ consensus estimates of $0.01 by $0.03. The firm had revenue of $32.30 million for the quarter, compared to analyst estimates of $32.23 million. DHI Group had a negative net margin of 6.97% and a positive return on equity of 9.02%. As a group, research analysts forecast that DHI Group will post 0.11 EPS for the current fiscal year.

Institutional Inflows and Outflows

Several hedge funds have recently modified their holdings of the business. XTX Topco Ltd bought a new position in DHI Group during the 4th quarter worth approximately $25,000. Cubist Systematic Strategies LLC boosted 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 acquiring an additional 15,089 shares during the last quarter. NewEdge Advisors LLC bought a new position in DHI Group during the 4th quarter worth approximately $32,000. Ritholtz Wealth Management bought a new position in DHI Group during the 1st quarter worth approximately $37,000. Finally, Kazazian Asset Management LLC bought a new position in DHI Group during the 1st quarter worth approximately $78,000. Institutional investors own 69.26% of the company’s stock.

About DHI Group

DHI Group, Inc provides data, insights, and employment connections through specialized services for technology professionals and other select online communities in the United States. Its solutions include talent profiles; job postings; employer branding; and other services comprising virtual and live career events, sourcing services, and content and data services that provides tailored content to help professionals manage their careers and provide employers insight into recruiting strategies and trends.