DHI Group (DHX) Stock Price Down 5.9% Following Analyst Downgrade

DHI Group Inc (NYSE:DHX) traded down 5.9% during trading on Friday after B. Riley lowered their price target on the stock from $2.75 to $2.00. B. Riley currently has a neutral rating on the stock. DHI Group traded as low as $1.50 and last traded at $1.60. 1,130,578 shares changed hands during trading, an increase of 244% from the average session volume of 328,353 shares. The stock had previously closed at $1.70.

Other equities research analysts have also issued reports about the stock. ValuEngine lowered shares of DHI Group from a “buy” rating to a “hold” rating in a research report on Sunday, December 31st. Zacks Investment Research lowered shares of DHI Group from a “hold” rating to a “sell” rating in a research report on Wednesday, December 13th. One research analyst has rated the stock with a sell rating and four have given a hold rating to the stock. The stock has an average rating of “Hold” and a consensus price target of $4.33.

Hedge funds and other institutional investors have recently modified their holdings of the business. Tower Research Capital LLC TRC purchased a new stake in shares of DHI Group during the 4th quarter worth $100,000. Alliancebernstein L.P. boosted its position in shares of DHI Group by 148.1% during the 2nd quarter. Alliancebernstein L.P. now owns 38,300 shares of the technology company’s stock worth $109,000 after purchasing an additional 22,860 shares in the last quarter. Virtu Financial LLC boosted its position in shares of DHI Group by 175.9% during the 4th quarter. Virtu Financial LLC now owns 58,002 shares of the technology company’s stock worth $111,000 after purchasing an additional 36,980 shares in the last quarter. Dynamic Technology Lab Private Ltd purchased a new stake in shares of DHI Group during the 2nd quarter worth $112,000. Finally, Citadel Advisors LLC acquired a new position in shares of DHI Group during the 2nd quarter worth $117,000. Institutional investors own 81.41% of the company’s stock.

The stock has a market cap of $75.66, a P/E ratio of 4.85 and a beta of 0.83. The company has a quick ratio of 0.60, a current ratio of 0.55 and a debt-to-equity ratio of 0.31.

DHI Group (NYSE:DHX) last released its quarterly earnings results on Wednesday, February 7th. The technology company reported $0.06 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.04 by $0.02. The business had revenue of $50.90 million during the quarter, compared to the consensus estimate of $49.25 million. DHI Group had a return on equity of 8.61% and a net margin of 7.68%. The business’s revenue was down 7.3% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.11 EPS. analysts anticipate that DHI Group Inc will post 0.17 EPS for the current year.

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DHI Group Company Profile

DHI Group, Inc provides data, insights and employment connections through specialized services for professional communities, including technology and security clearance, financial services, energy, healthcare and hospitality. The Company’s segments are Tech & Clearance, which includes Dice, Dice Europe and ClearanceJobs; Global Industry Group, which includes eFinancialCareers, Rigzone, Hcareers and BioSpace; Healthcare, which includes Health eCareers, and Corporate & Other, which includes Slashdot Media and Brightmatter.

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