DHI Group (NYSE:DHX) Upgraded at Zacks Research

Zacks Research upgraded shares of DHI Group (NYSE:DHX) from a hold rating to a strong-buy rating in a report published on Tuesday,Zacks.com reports.

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

DHI Group Stock Down 4.8%

Shares of NYSE DHX opened at $2.29 on Tuesday. The company has a debt-to-equity ratio of 0.32, a current ratio of 0.44 and a quick ratio of 0.43. The company has a market cap of $107.76 million, a P/E ratio of -7.62 and a beta of 1.48. DHI Group has a 1 year low of $1.21 and a 1 year high of $3.34. The firm has a 50-day simple moving average of $1.75 and a two-hundred day simple moving average of $2.15.

DHI Group (NYSE:DHX) last released its earnings results on Monday, November 10th. The technology company reported $0.09 EPS for the quarter, beating 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 firm had revenue of $32.12 million for the quarter, compared to analysts’ expectations of $31.19 million. Research analysts anticipate that DHI Group will post 0.11 earnings per share for the current year.

DHI Group declared that its Board of Directors has initiated a stock buyback program on Thursday, November 6th that allows the company to buyback $5.00 million in outstanding shares. This buyback authorization allows the technology company to repurchase up to 5.7% of its stock through open market purchases. Stock buyback programs are generally an indication that the company’s board of directors believes its shares are undervalued.

Institutional Investors Weigh In On DHI Group

Several hedge funds have recently modified their holdings of DHX. Geode Capital Management LLC boosted its stake in shares of DHI Group by 1.2% during the second quarter. Geode Capital Management LLC now owns 361,314 shares of the technology company’s stock valued at $1,073,000 after purchasing an additional 4,188 shares in the last quarter. Empowered Funds LLC lifted its holdings in DHI Group by 17.2% during the fourth quarter. Empowered Funds LLC now owns 66,103 shares of the technology company’s stock worth $102,000 after buying an additional 9,703 shares during the period. Ritholtz Wealth Management boosted its position in DHI Group by 38.1% during the 2nd quarter. Ritholtz Wealth Management now owns 37,250 shares of the technology company’s stock valued at $111,000 after acquiring an additional 10,285 shares in the last quarter. Sei Investments Co. boosted its position in DHI Group by 22.3% during the 2nd quarter. Sei Investments Co. now owns 57,089 shares of the technology company’s stock valued at $170,000 after acquiring an additional 10,426 shares in the last quarter. Finally, Prudential Financial Inc. purchased a new position in shares of DHI Group in the 2nd quarter valued at $33,000. Hedge funds and other institutional investors own 69.26% of the company’s stock.

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.