DHI Group (NYSE:DHX) Lowered to “Buy” at StockNews.com

Posted by on May 19th, 2023

DHI Group (NYSE:DHX – Get Rating) was downgraded by research analysts at StockNews.com from a “strong-buy” rating to a “buy” rating in a report issued on Friday.

Several other analysts have also recently commented on DHX. B. Riley lowered their target price on shares of DHI Group from $9.00 to $7.00 in a research note on Thursday, May 11th. Barrington Research reiterated an “outperform” rating and issued a $12.00 price target on shares of DHI Group in a report on Thursday, April 20th. TheStreet lowered shares of DHI Group from a “b-” rating to a “c” rating in a report on Monday, March 13th. Finally, Lake Street Capital decreased their price target on shares of DHI Group from $9.00 to $6.00 in a report on Thursday, May 11th.

DHI Group Trading Up 2.1 %

Shares of DHX opened at $3.42 on Friday. The company has a debt-to-equity ratio of 0.45, a current ratio of 0.48 and a quick ratio of 0.48. The firm has a 50 day simple moving average of $3.61 and a 200-day simple moving average of $4.69. DHI Group has a 1-year low of $3.00 and a 1-year high of $7.57. The stock has a market cap of $162.21 million, a price-to-earnings ratio of 48.86, a price-to-earnings-growth ratio of 1.82 and a beta of 1.25.

DHI Group (NYSE:DHX – Get Rating) last issued its quarterly earnings data on Wednesday, May 10th. The technology company reported $0.01 earnings per share for the quarter, topping analysts’ consensus estimates of ($0.02) by $0.03. The business had revenue of $38.62 million during the quarter, compared to analysts’ expectations of $37.78 million. DHI Group had a net margin of 2.17% and a return on equity of 1.77%. During the same period last year, the company posted $0.01 EPS. Equities analysts forecast that DHI Group will post 0.07 EPS for the current fiscal year.

DHI Group declared that its Board of Directors has authorized a share buyback plan on Thursday, February 9th that authorizes the company to repurchase $10.00 million in outstanding shares. This repurchase authorization authorizes the technology company to buy up to 4.4% of its stock through open market purchases. Stock repurchase plans are generally an indication that the company’s leadership believes its shares are undervalued.

Hedge Funds Weigh In On DHI Group

Hedge funds and other institutional investors have recently made changes to their positions in the business. Connor Clark & Lunn Investment Management Ltd. lifted its holdings in shares of DHI Group by 8.0% during the 3rd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 106,592 shares of the technology company’s stock valued at $573,000 after acquiring an additional 7,878 shares in the last quarter. Bank of Montreal Can acquired a new position in shares of DHI Group during the 3rd quarter valued at $2,539,000. Gagnon Securities LLC acquired a new position in shares of DHI Group during the 3rd quarter valued at $188,000. Dimensional Fund Advisors LP lifted its holdings in shares of DHI Group by 1.4% during the 4th quarter. Dimensional Fund Advisors LP now owns 3,989,936 shares of the technology company’s stock valued at $21,107,000 after acquiring an additional 53,581 shares in the last quarter. Finally, Russell Investments Group Ltd. lifted its holdings in shares of DHI Group by 7.2% during the 4th quarter. Russell Investments Group Ltd. now owns 113,635 shares of the technology company’s stock valued at $601,000 after acquiring an additional 7,649 shares in the last quarter. Institutional investors and hedge funds own 77.29% of the company’s stock.

About DHI Group

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DHI Group, Inc engages in the provision of artificial intelligence-powered software products, online tools, and talent acquisition services, delivering career marketplaces to candidates for technology-focused roles and employers hiring tech talent globally. The company was founded in 1990 and is headquartered in Centennial, CO.

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