Barrington Research Reaffirms Outperform Rating for DHI Group (NYSE:DHX)

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

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

DHI Group Price Performance

DHX stock traded down $0.25 during trading on Wednesday, hitting $2.63. 87,487 shares of the stock traded hands, compared to its average volume of 182,648. The stock has a market cap of $127.01 million, a price-to-earnings ratio of 65.72 and a beta of 1.07. DHI Group has a one year low of $1.45 and a one year high of $2.98. The company has a current ratio of 0.42, a quick ratio of 0.42 and a debt-to-equity ratio of 0.29. The company has a 50 day simple moving average of $1.97 and a 200 day simple moving average of $1.87.

DHI Group announced that its board has approved a stock buyback plan on Tuesday, January 21st that authorizes the company to buyback $5.00 million in outstanding shares. This buyback authorization authorizes the technology company to repurchase up to 4.4% of its shares through open market purchases. Shares buyback plans are usually a sign that the company’s board of directors believes its shares are undervalued.

Institutional Investors Weigh In On DHI Group

Hedge funds and other institutional investors have recently made changes to their positions in the company. Point72 DIFC Ltd acquired a new position in DHI Group in the second quarter valued at approximately $30,000. Cubist Systematic Strategies LLC bought a new stake in shares of DHI Group during the 2nd quarter valued at $35,000. Allworth Financial LP acquired a new position in shares of DHI Group in the 3rd quarter valued at $49,000. XTX Topco Ltd bought a new position in shares of DHI Group in the 2nd quarter worth $52,000. Finally, Connor Clark & Lunn Investment Management Ltd. grew its stake in shares of DHI Group by 86.2% during the third quarter. Connor Clark & Lunn Investment Management Ltd. now owns 61,659 shares of the technology company’s stock worth $113,000 after purchasing an additional 28,552 shares during the period. 69.26% of the stock is 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.