DHI Group (NYSE:DHX) Earns Outperform Rating from Barrington Research

DHI Group (NYSE:DHX)‘s stock had its “outperform” rating reiterated by research analysts at Barrington Research in a research report issued on Wednesday,Benzinga reports. They currently have a $7.00 price target on the technology company’s stock. Barrington Research’s price objective would indicate a potential upside of 166.36% from the company’s previous close.

Separately, B. Riley lowered their target price on shares of DHI Group from $4.00 to $3.50 and set a “buy” rating on the stock in a research report on Wednesday, November 13th.

DHI Group Stock Down 8.7 %

NYSE:DHX traded down $0.25 during mid-day trading on Wednesday, reaching $2.63. The stock had a trading volume of 87,487 shares, compared to its average volume of 182,648. The stock has a market cap of $127.01 million, a P/E ratio of 65.72 and a beta of 1.07. The business’s 50 day moving average is $1.97 and its 200 day moving average is $1.87. The company has a debt-to-equity ratio of 0.29, a current ratio of 0.42 and a quick ratio of 0.42. DHI Group has a fifty-two week low of $1.45 and a fifty-two week high of $2.98.

DHI Group declared that its Board of Directors has approved a stock buyback program on Tuesday, January 21st that allows the company to repurchase $5.00 million in outstanding shares. This repurchase authorization allows the technology company to repurchase up to 4.4% of its shares through open market purchases. Shares repurchase programs are generally an indication that the company’s leadership believes its stock is undervalued.

Hedge Funds Weigh In On DHI Group

Large investors have recently bought and sold shares of the stock. Hsbc Holdings PLC lifted its position in shares of DHI Group by 59.9% in the 2nd quarter. Hsbc Holdings PLC now owns 79,414 shares of the technology company’s stock worth $160,000 after acquiring an additional 29,757 shares during the period. XTX Topco Ltd bought a new position in DHI Group in the second quarter worth $52,000. Sei Investments Co. increased its holdings in DHI Group by 25.8% in the 2nd quarter. Sei Investments Co. now owns 58,712 shares of the technology company’s stock valued at $123,000 after buying an additional 12,049 shares during the period. Cubist Systematic Strategies LLC acquired a new position in shares of DHI Group in the 2nd quarter valued at $35,000. Finally, Point72 Asia Singapore Pte. Ltd. acquired a new position in shares of DHI Group in the 2nd quarter valued at $125,000. 69.26% of the stock is currently owned by institutional investors and hedge funds.

DHI Group Company Profile

DHI Group, Inc provides data, insights, and employment connections through specialized services for technology professionals and other select online communities in the United States. Its solutions include talent profiles; job postings; employer branding; and other services comprising virtual and live career events, sourcing services, and content and data services that provides tailored content to help professionals manage their careers and provide employers insight into recruiting strategies and trends.