DHI Group’s (DHX) Outperform Rating Reaffirmed at Barrington Research

DHI Group (NYSE:DHX)‘s stock had its “outperform” rating restated by investment analysts at Barrington Research in a research note issued on Thursday,Benzinga reports. They presently have a $10.00 target price on the technology company’s stock. Barrington Research’s price objective would indicate a potential upside of 425.49% from the stock’s previous close.

Several other brokerages also recently weighed in on DHX. Lake Street Capital reaffirmed a “hold” rating and issued a $2.50 target price (down previously from $3.00) on shares of DHI Group in a report on Tuesday, November 11th. Weiss Ratings reissued a “sell (d)” rating on shares of DHI Group in a research note on Wednesday, January 21st. One equities research analyst has rated the stock with a Buy rating, two have assigned a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, DHI Group has an average rating of “Hold” and a consensus target price of $6.25.

DHI Group Stock Up 14.6%

Shares of NYSE DHX traded up $0.24 during midday trading on Thursday, hitting $1.90. 7,620,677 shares of the company’s stock were exchanged, compared to its average volume of 783,519. The company has a debt-to-equity ratio of 0.31, a current ratio of 0.43 and a quick ratio of 0.43. DHI Group has a twelve month low of $1.21 and a twelve month high of $3.34. The company has a market cap of $89.75 million, a PE ratio of -6.08 and a beta of 1.48. The firm’s fifty day simple moving average is $1.68 and its 200-day simple moving average is $2.16.

DHI Group (NYSE:DHX) last released its quarterly earnings results on Monday, November 10th. The technology company reported $0.09 EPS for the quarter, topping the consensus estimate of $0.06 by $0.03. DHI Group had a positive return on equity of 10.14% and a negative net margin of 10.24%.The company had revenue of $32.12 million for the quarter, compared to analyst estimates of $31.19 million. Research analysts predict that DHI Group will post 0.11 EPS for the current fiscal year.

DHI Group announced that its Board of Directors has authorized a share repurchase plan on Thursday, November 6th that authorizes the company to repurchase $5.00 million in shares. This repurchase authorization authorizes the technology company to buy up to 5.7% of its shares through open market purchases. Shares repurchase plans are typically an indication that the company’s board of directors believes its stock is undervalued.

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of DHX. 22NW LP grew its stake in shares of DHI Group by 26.7% during the 2nd quarter. 22NW LP now owns 3,299,937 shares of the technology company’s stock worth $9,801,000 after acquiring an additional 696,294 shares in the last quarter. Ritholtz Wealth Management lifted 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 worth $111,000 after buying an additional 10,285 shares in the last quarter. Assenagon Asset Management S.A. grew its holdings in shares of DHI Group by 36.4% in the 4th quarter. Assenagon Asset Management S.A. now owns 45,364 shares of the technology company’s stock valued at $70,000 after acquiring an additional 12,110 shares in the last quarter. JPMorgan Chase & Co. increased its position in shares of 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 acquiring an additional 20,045 shares during the last quarter. Finally, Jacobs Levy Equity Management Inc. bought a new stake in DHI Group during the third quarter worth about $49,000. Institutional investors own 69.26% of the company’s stock.

DHI Group News Roundup

Here are the key news stories impacting DHI Group this week:

• Positive Sentiment: Board authorizes $10 million repurchase program (up to ~12.6% of shares). Buybacks typically support the share price by reducing float and signal management thinks the stock is undervalued. Business Wire: Repurchase Program
• Positive Sentiment: Company-released Q4 results showed revenue roughly $31.4M and reported EPS that several outlets treated as a beat versus street estimates (Zacks/MarketBeat summaries cite $0.09 vs ~$0.08 consensus), which supports the upbeat move. Zacks: Q4 Results
• Neutral Sentiment: Company issued revenue guidance that is roughly in-line-to-slightly below consensus: Q1 revenue $28.0M–$30.0M (street ~$29.6M) and FY revenue $118.0M–$122.0M (street ~$119.8M). Guidance limits upside and may temper enthusiasm if investors were seeking a more aggressive outlook. Business Wire: Financial Results & Guidance
• Neutral Sentiment: Trading volume has surged well above average, indicating heightened short-term interest/volatility; technicals show DHX near its 50-day below its 200-day moving average, so sentiment may swing quickly. MarketBeat: Price/Volume
• Negative Sentiment: Some published earnings call transcripts (InsiderMonkey / Seeking Alpha / Yahoo) reported a conflicting EPS figure (reported $0.03 vs $0.08 consensus), creating confusion and potential downside pressure from investors reacting to the lower number. This inconsistency can drive intraday volatility. InsiderMonkey: Earnings Call Transcript
• Negative Sentiment: Operational detail: Dice revenue declined (reported down ~17% year-over-year) and the company still shows a negative net margin, which are ongoing fundamentals investors will watch despite the buyback and reported beats. Business Wire: Segment Results

About DHI Group

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.