DHI Group, Inc. (DHX) Downgraded by Zacks Investment Research to Sell

Zacks Investment Research lowered shares of DHI Group, Inc. (NYSE:DHX) from a hold rating to a sell rating in a research report sent to investors on Tuesday morning.

According to Zacks, “DHI Group, Inc. offer specialized websites which focused on select professional communities. The Company’s operating segment consists of Tech & Clearance, Finance, Energy, Healthcare, Hospitality and Corporate & Other. Tech & Clearance segment consists of the Dice.com, ClearanceJobs.com and The IT Job Board services as well as related career fairs. Finance segment represents the eFinancialCareers service. Energy reporting segment provides the Rigzone service and related career fairs. Healthcare segment includes HEALTHeCAREERS, Health Callings and BioSpace. Hospitality segment includes Hcareers and the Corporate. Other reporting segment consists of Slashdot Media, WorkDigital and corporate-related costs. DHI Group, Inc., formerly known as Dice Holdings, Inc., is headquartered in New York. “

Several other brokerages also recently commented on DHX. B. Riley restated a neutral rating and issued a $3.00 target price on shares of DHI Group in a research note on Wednesday, August 2nd. Cantor Fitzgerald reaffirmed a hold rating and set a $4.00 target price on shares of DHI Group in a report on Friday, July 28th. Finally, ValuEngine upgraded DHI Group from a hold rating to a buy rating in a research report on Thursday, July 6th. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating and one has assigned a buy rating to the company’s stock. DHI Group currently has a consensus rating of Hold and a consensus target price of $6.25.

Shares of DHI Group (DHX) traded down 1.000% during mid-day trading on Tuesday, hitting $2.475. 46,798 shares of the stock were exchanged. The stock’s 50-day moving average is $2.10 and its 200-day moving average is $2.88. The stock’s market capitalization is $124.76 million. DHI Group has a 52 week low of $1.75 and a 52 week high of $8.43.

DHI Group (NYSE:DHX) last announced its quarterly earnings results on Thursday, July 27th. The technology company reported $0.04 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.06 by ($0.02). DHI Group had a negative net margin of 3.80% and a positive return on equity of 13.19%. The company had revenue of $52.40 million during the quarter, compared to analysts’ expectations of $52.93 million. During the same quarter last year, the firm posted $0.10 earnings per share. DHI Group’s revenue for the quarter was down 9.2% compared to the same quarter last year. Analysts forecast that DHI Group will post $0.19 earnings per share for the current fiscal year.

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Several hedge funds have recently modified their holdings of the stock. Schwab Charles Investment Management Inc. boosted its stake in DHI Group by 2.0% during the first quarter. Schwab Charles Investment Management Inc. now owns 589,608 shares of the technology company’s stock valued at $2,329,000 after buying an additional 11,457 shares during the period. Morgan Stanley grew its position in DHI Group by 43.8% during the first quarter. Morgan Stanley now owns 384,208 shares of the technology company’s stock worth $1,518,000 after buying an additional 116,960 shares in the last quarter. Fisher Asset Management LLC grew its position in DHI Group by 31.7% during the second quarter. Fisher Asset Management LLC now owns 283,669 shares of the technology company’s stock worth $808,000 after buying an additional 68,344 shares in the last quarter. Principal Financial Group Inc. grew its position in DHI Group by 6.4% during the first quarter. Principal Financial Group Inc. now owns 388,340 shares of the technology company’s stock worth $1,534,000 after buying an additional 23,275 shares in the last quarter. Finally, Texas Permanent School Fund grew its position in DHI Group by 2.8% during the second quarter. Texas Permanent School Fund now owns 36,933 shares of the technology company’s stock worth $105,000 after buying an additional 1,006 shares in the last quarter. Institutional investors own 84.59% of the company’s stock.

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.

Analyst Recommendations for DHI Group (NYSE:DHX)

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