DHI Group (NYSE:DHX) Upgraded by Lake Street Capital to “Buy” Rating

DHI Group (NYSE:DHX) was upgraded by research analysts at Lake Street Capital from a “hold” rating to a “buy” rating in a research note issued on Thursday. The brokerage presently has a $5.00 price objective on the technology company’s stock. Lake Street Capital’s price target would suggest a potential upside of 20.92% from the stock’s current price.

A number of other analysts also recently commented on the stock. B. Riley Financial started coverage on shares of DHI Group in a research report on Thursday, May 14th. They set a “buy” rating and a $4.50 price target on the stock. Zacks Research raised DHI Group from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, July 8th. 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. Wall Street Zen raised shares of DHI Group from a “hold” rating to a “strong-buy” rating in a research note on Saturday, May 9th. Finally, Weiss Ratings cut shares of DHI Group from a “sell (d)” rating to a “sell (d-)” rating in a research note on Monday, May 18th. One analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, DHI Group has a consensus rating of “Moderate Buy” and a consensus price target of $6.50.

DHI Group Stock Down 0.1%

DHX opened at $4.13 on Thursday. DHI Group has a 12 month low of $1.44 and a 12 month high of $4.36. The company has a debt-to-equity ratio of 0.36, a current ratio of 0.44 and a quick ratio of 0.44. The stock has a market cap of $178.63 million, a P/E ratio of -82.68 and a beta of 1.21. The stock’s 50 day moving average price is $3.82 and its 200 day moving average price is $3.07.

DHI Group (NYSE:DHX) last announced its earnings results on Wednesday, August 5th. The technology company reported $0.09 earnings per share for the quarter, beating the consensus estimate of $0.04 by $0.05. DHI Group had a positive return on equity of 11.60% and a negative net margin of 1.78%.The firm had revenue of $31.34 million for the quarter, compared to the consensus estimate of $30.88 million. As a group, research analysts predict that DHI Group will post 0.24 earnings per share for the current year.

Insider Buying and Selling

In related news, Director Joseph G. Massaquoi, Jr. sold 26,611 shares of the stock in a transaction that occurred on Friday, May 8th. The stock was sold at an average price of $3.09, for a total transaction of $82,227.99. Following the completion of the transaction, the director directly owned 137,653 shares of the company’s stock, valued at approximately $425,347.77. This represents a 16.20% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Kathleen M. Swann sold 20,000 shares of the business’s stock in a transaction that occurred on Monday, May 11th. The stock was sold at an average price of $3.83, for a total value of $76,600.00. Following the transaction, the director directly owned 193,154 shares in the company, valued at $739,779.82. This trade represents a 9.38% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. 16.20% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On DHI Group

Institutional investors have recently added to or reduced their stakes in the company. Prescott Group Capital Management L.L.C. bought a new position in DHI Group during the fourth quarter worth about $299,000. Sei Investments Co. boosted its position in DHI Group by 108.9% during the first quarter. Sei Investments Co. now owns 1,804,281 shares of the technology company’s stock worth $5,070,000 after purchasing an additional 940,667 shares during the period. North Star Investment Management Corp. bought a new stake in shares of DHI Group during the 1st quarter worth about $801,000. Assenagon Asset Management S.A. boosted its holdings in shares of DHI Group by 535.2% during the first quarter. Assenagon Asset Management S.A. now owns 288,135 shares of the technology company’s stock worth $810,000 after acquiring an additional 242,771 shares during the period. Finally, Pacific Ridge Capital Partners LLC boosted its stake in DHI Group by 10.6% in the 4th quarter. Pacific Ridge Capital Partners LLC now owns 3,438,349 shares of the technology company’s stock valued at $5,329,000 after purchasing an additional 329,214 shares during the period. 69.26% of the stock is currently owned by institutional investors and hedge funds.

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.