Key Points
- Director Joseph Massaquoi, Jr. sold 26,611 DHI Group shares on May 8 at an average price of $3.09, reducing his holdings by 16.2%. The sale was made under a pre-arranged Rule 10b5-1 trading plan.
- DHI Group recently reported better-than-expected quarterly results, with EPS of $0.08 versus $0.04 expected and revenue of $29.69 million versus $29.05 million expected. Analysts currently have a Hold consensus rating and a $6.50 target price.
- The company also has a $10 million share buyback authorization, which covers up to 12.6% of outstanding shares and may signal management views the stock as undervalued.
DHI Group, Inc. (NYSE:DHX - Get Free Report) Director Joseph Massaquoi, Jr. sold 26,611 shares of the firm's stock in a transaction on Friday, May 8th. The shares were sold at an average price of $3.09, for a total transaction of $82,227.99. Following the transaction, the director owned 137,653 shares in the company, valued at $425,347.77. This represents a 16.20% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.
DHI Group Stock Performance
DHX opened at $3.81 on Tuesday. The stock has a 50-day moving average of $2.75 and a 200-day moving average of $2.19. DHI Group, Inc. has a 52-week low of $1.44 and a 52-week high of $3.99. The company has a debt-to-equity ratio of 0.36, a quick ratio of 0.44 and a current ratio of 0.44. The company has a market cap of $164.72 million, a PE ratio of -76.24 and a beta of 1.11.
DHI Group (NYSE:DHX - Get Free Report) last announced its earnings results on Tuesday, May 5th. The technology company reported $0.08 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.04 by $0.04. The firm had revenue of $29.69 million during the quarter, compared to analysts' expectations of $29.05 million. DHI Group had a positive return on equity of 11.60% and a negative net margin of 1.78%. As a group, equities research analysts forecast that DHI Group, Inc. will post 0.18 earnings per share for the current fiscal year.
DHI Group announced that its Board of Directors has initiated a stock buyback plan on Wednesday, February 4th that allows the company to repurchase $10.00 million in outstanding shares. This repurchase authorization allows the technology company to purchase up to 12.6% of its shares through open market purchases. Shares repurchase plans are typically an indication that the company's board believes its stock is undervalued.
Wall Street Analysts Forecast Growth
A number of analysts have weighed in on the stock. Wall Street Zen raised shares of DHI Group from a "hold" rating to a "strong-buy" rating in a report on Saturday. Zacks Research lowered DHI Group from a "strong-buy" rating to a "hold" rating in a research note on Monday, April 6th. Weiss Ratings restated a "sell (d)" rating on shares of DHI Group in a research report on Monday, April 20th. Lake Street Capital restated a "hold" rating and set a $3.00 target price on shares of DHI Group in a report on Wednesday, May 6th. Finally, Barrington Research reissued an "outperform" rating and set a $10.00 price target on shares of DHI Group in a research note on Monday, May 4th. One research analyst has rated the stock with a Buy rating, two have assigned a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, the company presently has a consensus rating of "Hold" and a consensus target price of $6.50.
Check Out Our Latest Stock Report on DHX
Institutional Investors Weigh In On DHI Group
Several hedge funds have recently bought and sold shares of DHX. Geode Capital Management LLC raised its position in shares of DHI Group by 1.2% during the second quarter. Geode Capital Management LLC now owns 361,314 shares of the technology company's stock worth $1,073,000 after purchasing an additional 4,188 shares during the period. Empowered Funds LLC raised its holdings in DHI Group by 17.2% during the fourth quarter. Empowered Funds LLC now owns 66,103 shares of the technology company's stock worth $102,000 after acquiring an additional 9,703 shares in the last quarter. Sei Investments Co. boosted its holdings in shares of DHI Group by 22.3% in the 2nd quarter. Sei Investments Co. now owns 57,089 shares of the technology company's stock valued at $170,000 after buying an additional 10,426 shares during the last quarter. Prudential Financial Inc. acquired a new stake in DHI Group in the second quarter valued at $33,000. Finally, Assenagon Asset Management S.A. grew its holdings in DHI Group by 36.4% during the fourth quarter. Assenagon Asset Management S.A. now owns 45,364 shares of the technology company's stock worth $70,000 after purchasing an additional 12,110 shares during the period. 69.26% of the stock is currently owned by institutional investors and hedge funds.
DHI Group Company Profile
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Get Free Report)
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.
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