DHI Group (NYSE:DHX) Earns Buy Rating from Analysts at StockNews.com

Analysts at StockNews.com assumed coverage on shares of DHI Group (NYSE:DHX – Get Rating) in a research report issued to clients and investors on Thursday. The brokerage set a “buy” rating on the technology company’s stock.

DHX has been the subject of a number of other research reports. B. Riley lowered their target price on DHI Group from $10.00 to $9.00 and set a “buy” rating for the company in a research note on Wednesday, February 8th. TheStreet lowered DHI Group from a “b-” rating to a “c” rating in a research note on Monday. Finally, Barrington Research reiterated an “outperform” rating and issued a $12.00 target price on shares of DHI Group in a research note on Wednesday, February 8th.

DHI Group Stock Performance

Shares of NYSE:DHX opened at $3.58 on Thursday. The firm has a market capitalization of $173.99 million, a PE ratio of 39.78, a P/E/G ratio of 2.40 and a beta of 1.28. The company has a debt-to-equity ratio of 0.28, a current ratio of 0.38 and a quick ratio of 0.38. The business has a 50-day moving average of $5.03 and a two-hundred day moving average of $5.34. DHI Group has a 12 month low of $3.52 and a 12 month high of $7.57.

DHI Group (NYSE:DHX – Get Rating) last posted its earnings results on Tuesday, February 7th. The technology company reported $0.01 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.01. DHI Group had a return on equity of 2.07% and a net margin of 2.79%. The business had revenue of $39.76 million during the quarter, compared to analyst estimates of $38.92 million. As a group, research analysts forecast that DHI Group will post 0.06 earnings per share for the current year.

DHI Group declared that its Board of Directors has approved a share repurchase plan on Thursday, February 9th that allows the company to repurchase $10.00 million in shares. This repurchase authorization allows the technology company to reacquire up to 4.4% of its shares through open market purchases. Shares repurchase plans are usually a sign that the company’s board believes its stock is undervalued.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of DHX. Bank of Montreal Can purchased a new position in DHI Group in the third quarter valued at about $2,539,000. State Street Corp boosted its holdings in DHI Group by 254.4% in the second quarter. State Street Corp now owns 600,993 shares of the technology company’s stock valued at $2,987,000 after purchasing an additional 431,395 shares during the last quarter. Invesco Ltd. purchased a new position in DHI Group in the first quarter valued at about $2,168,000. Millennium Management LLC boosted its holdings in DHI Group by 108.4% in the second quarter. Millennium Management LLC now owns 658,665 shares of the technology company’s stock valued at $3,274,000 after purchasing an additional 342,668 shares during the last quarter. Finally, DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main purchased a new position in DHI Group in the second quarter valued at about $1,534,000. Hedge funds and other institutional investors 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.