Lake Street Capital Upgrades DHI Group (NYSE:DHX) to Buy

DHI Group (NYSE:DHX) was upgraded by stock analysts at Lake Street Capital from a “hold” rating to a “buy” rating in a report released on Thursday, Marketbeat Ratings reports. The brokerage currently has a $5.00 price target on the technology company’s stock. Lake Street Capital’s target price would suggest a potential upside of 27.65% from the stock’s current price.

A number of other research firms have also issued reports on DHX. Weiss Ratings lowered DHI Group from a “sell (d)” rating to a “sell (d-)” rating in a research report on Monday, May 18th. B. Riley Financial initiated coverage on DHI Group in a research report on Thursday, May 14th. They issued a “buy” rating and a $4.50 target price on the stock. Zacks Research raised shares of 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 issued a $10.00 target price on shares of DHI Group in a report on Monday, May 18th. Finally, Wall Street Zen upgraded shares of DHI Group from a “hold” rating to a “strong-buy” rating in a report on Saturday, May 9th. One equities research analyst has rated the stock with a Strong Buy rating, three have given a Buy rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $6.75.

DHI Group Stock Down 5.2%

Shares of DHX opened at $3.92 on Thursday. The company has a market capitalization of $169.21 million, a price-to-earnings ratio of 130.61 and a beta of 1.21. DHI Group has a 52 week low of $1.44 and a 52 week high of $4.45. The stock’s 50-day moving average price is $3.84 and its 200-day moving average price is $3.10. The company has a quick ratio of 0.44, a current ratio of 0.44 and a debt-to-equity ratio of 0.34.

DHI Group (NYSE:DHX) last released its quarterly earnings data on Wednesday, August 5th. The technology company reported $0.09 earnings per share for the quarter, beating analysts’ consensus estimates of $0.04 by $0.05. The company had revenue of $31.34 million during the quarter, compared to analysts’ expectations of $30.88 million. DHI Group had a net margin of 0.97% and a return on equity of 13.01%. On average, sell-side analysts predict that DHI Group will post 0.24 EPS for the current year.

Insiders Place Their Bets

In other DHI Group news, Director Kathleen M. Swann sold 20,000 shares of the firm’s stock in a transaction on Monday, May 11th. The stock was sold at an average price of $3.83, for a total transaction of $76,600.00. Following the completion of the transaction, the director owned 193,154 shares of the company’s stock, valued at approximately $739,779.82. This trade represents a 9.38% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Company insiders own 16.20% of the company’s stock.

Institutional Trading of DHI Group

Several institutional investors have recently made changes to their positions in DHX. Pacific Ridge Capital Partners LLC raised its holdings in shares of DHI Group by 10.6% during 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 buying an additional 329,214 shares during the period. Tieton Capital Management LLC boosted its holdings in DHI Group by 1.0% in the fourth quarter. Tieton Capital Management LLC now owns 3,042,649 shares of the technology company’s stock worth $4,716,000 after purchasing an additional 31,100 shares during the period. Renaissance Technologies LLC grew its position in shares of DHI Group by 13.6% during the 4th quarter. Renaissance Technologies LLC now owns 2,187,229 shares of the technology company’s stock valued at $3,390,000 after buying an additional 262,300 shares during the last quarter. Vanguard Group Inc. raised its position in shares of DHI Group by 3.5% during the 3rd quarter. Vanguard Group Inc. now owns 1,961,064 shares of the technology company’s stock worth $5,452,000 after purchasing an additional 65,462 shares during the period. Finally, Kennedy Capital Management LLC lifted its stake in DHI Group by 117.5% in the fourth quarter. Kennedy Capital Management LLC now owns 1,828,888 shares of the technology company’s stock valued at $2,835,000 after buying an additional 988,188 shares during the last quarter. 69.26% of the stock is owned by hedge funds and other institutional investors.

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.