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

DHI Group Inc (NYSE:DHX) was down 5.9% during mid-day 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. Approximately 1,130,578 shares changed hands during mid-day trading, an increase of 244% from the average daily volume of 328,353 shares. The stock had previously closed at $1.70.

Several other equities research analysts also recently issued reports on the stock. Zacks Investment Research upgraded shares of DHI Group from a “sell” rating to a “hold” rating in a research note on Monday, November 20th. ValuEngine downgraded shares of DHI Group from a “buy” rating to a “hold” rating in a research note on Sunday, December 31st. One investment analyst has rated the stock with a sell rating and four have assigned a hold rating to the stock. The company has an average rating of “Hold” and a consensus price target of $4.33.

Institutional investors have recently made changes to their positions in the company. Goldman Sachs Group Inc. grew its stake in shares of DHI Group by 27.5% in the second quarter. Goldman Sachs Group Inc. now owns 886,469 shares of the technology company’s stock worth $2,527,000 after acquiring an additional 191,247 shares during the last quarter. Nationwide Fund Advisors grew its stake in shares of DHI Group by 251.3% in the second quarter. Nationwide Fund Advisors now owns 100,304 shares of the technology company’s stock worth $286,000 after acquiring an additional 71,750 shares during the last quarter. Macquarie Group Ltd. acquired a new stake in shares of DHI Group in the third quarter worth $828,000. Ameriprise Financial Inc. grew its stake in shares of DHI Group by 34.4% in the second quarter. Ameriprise Financial Inc. now owns 584,381 shares of the technology company’s stock worth $1,665,000 after acquiring an additional 149,453 shares during the last quarter. Finally, California Public Employees Retirement System grew its stake in shares of DHI Group by 24.0% in the third quarter. California Public Employees Retirement System now owns 328,774 shares of the technology company’s stock worth $855,000 after acquiring an additional 63,574 shares during the last quarter. Institutional investors and hedge funds own 81.41% of the company’s stock.

The company has a debt-to-equity ratio of 0.31, a current ratio of 0.55 and a quick ratio of 0.60. The stock has a market capitalization of $77.88, a P/E ratio of 4.70 and a beta of 0.83.

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

WARNING: “DHI Group (DHX) Stock Price Down 5.9% After Analyst Downgrade” was reported by Community Financial News and is the property of of Community Financial News. If you are accessing this piece on another website, it was illegally copied and republished in violation of U.S. and international trademark & copyright law. The legal version of this piece can be read at https://www.com-unik.info/2018/02/09/dhi-group-dhx-stock-price-down-5-9-after-analyst-downgrade.html.

About DHI Group

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.

Receive News & Ratings for DHI Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for DHI Group and related companies with MarketBeat.com's FREE daily email newsletter.

Comments

Leave a Reply


share news on Facebook
tweet this investment news
share on linkedin
share on StockTwits
share on Google Plus
share on reddit