Zacks Research upgraded shares of DHI Group (NYSE:DHX – Free Report) from a hold rating to a strong-buy rating in a report released on Wednesday,Zacks.com reports.
A number of other research analysts have also weighed in on DHX. Lake Street Capital reissued a “hold” rating and issued a $3.00 target price on shares of DHI Group in a research note on Wednesday, May 6th. B. Riley Financial initiated coverage on DHI Group in a research note on Thursday, May 14th. They set a “buy” rating and a $4.50 price objective on the stock. Weiss Ratings cut DHI Group from a “sell (d)” rating to a “sell (d-)” rating in a report on Monday, May 18th. Barrington Research reiterated an “outperform” rating and set a $10.00 price target on shares of DHI Group in a report on Monday, May 18th. Finally, Wall Street Zen raised shares of DHI Group from a “hold” rating to a “strong-buy” rating in a report on Saturday, May 9th. One investment analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $5.83.
Get Our Latest Analysis on DHI Group
DHI Group Stock Performance
DHI Group (NYSE:DHX – Get Free Report) last announced its earnings results on Tuesday, May 5th. The technology company reported $0.08 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.04 by $0.04. The company had revenue of $29.69 million for the quarter, compared to analysts’ expectations of $29.05 million. DHI Group had a negative net margin of 1.78% and a positive return on equity of 11.60%. As a group, equities research analysts expect that DHI Group will post 0.24 earnings per share for the current fiscal year.
Insider Activity
In other DHI Group news, Director Kathleen M. Swann sold 20,000 shares of DHI Group stock in a transaction dated Monday, May 11th. The shares were sold at an average price of $3.83, for a total transaction of $76,600.00. Following the completion of the sale, the director directly owned 193,154 shares in the company, valued at $739,779.82. This trade represents a 9.38% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Joseph G. Massaquoi, Jr. sold 26,611 shares of the business’s stock in a transaction that occurred on Friday, May 8th. The shares were sold at an average price of $3.09, for a total transaction of $82,227.99. Following the completion of the sale, the director directly owned 137,653 shares in the company, valued at $425,347.77. This trade represents a 16.20% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Company insiders own 16.20% of the company’s stock.
Institutional Inflows and Outflows
Large investors have recently added to or reduced their stakes in the company. Empowered Funds LLC boosted its position in shares of DHI Group by 13.9% during the first quarter. Empowered Funds LLC now owns 75,295 shares of the technology company’s stock worth $212,000 after buying an additional 9,192 shares during the period. Keel Point LLC acquired a new position in DHI Group during the 1st quarter worth about $123,000. Bank of America Corp DE lifted its stake in DHI Group by 17.8% during the 1st quarter. Bank of America Corp DE now owns 87,978 shares of the technology company’s stock worth $247,000 after acquiring an additional 13,317 shares in the last quarter. OMERS ADMINISTRATION Corp purchased a new position in DHI Group during the 1st quarter valued at about $166,000. Finally, Sei Investments Co. grew its position in DHI Group by 108.9% in the 1st quarter. Sei Investments Co. now owns 1,804,281 shares of the technology company’s stock valued at $5,070,000 after acquiring an additional 940,667 shares in the last quarter. 69.26% of the stock is currently owned by institutional investors and hedge funds.
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.
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